...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.
holy globalism!
Saturday, September 17, 2005
posted by James
Saturday, September 17, 2005
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