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holy globalism!

Saturday, September 17, 2005


...in the 1970s there was six times more currency being traded than real trade goods... by 1995 it was fifty times real trade and still growing. This was no servant [to trade]. This was somebody with an exciting life of his own. All along there was a Greek chorus warning of disaster. Fingers were pointed at the unprecedented levels of speculation. Unproductive. Inflationary...
From John Ralston Saul's "the Collapse of Globalism." I recommend it. He talks about the gap between wealth and trade; the trumping of civil rights by the WTO; the myths surrounding deregulation and privitization; the phenomenon of growth without equity; and how it all feeds radicalism, rogue states, and genocide.

posted by James
Saturday, September 17, 2005

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