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| Economy |
| The dying dream of globalization |
| 2016-04-26 |
| [Wash Times] The Republican Party is in trouble, or so goes the conventional wisdom. Certainly, the party is passing through a painful and difficult transition. But in the broad context of history, it’s a necessary transition -- from the politics of old reflecting a world that no longer exists to a new brand of politics reflecting the world as it is. One reason this election season is so raucous and unpredictable is that the voters know this transition is necessary but can’t seem to get the attention of the political elites. But in the broad context of history, the Democratic Party is in far worse shape than the Republicans. Declining even to try addressing the politics of today, it’s stuck in yesterday, where no political party can survive. The biggest difference between the two parties is Donald Trump. Conventional wisdom proclaims this difference disastrous for the Republican Party, but in the long term it will disadvantage the Democrats far more. Consider the big national and global developments of our time. One is the disintegration of "globalization" -- the idea that the free exchange of money, goods, ideas and peoples across national borders would produce a grand, new era of prosperity and harmony. Tom Friedman’s Lexus wins, and we all win. The olive tree dies, and who cares? We’ll be too rich and contented to notice. |
| Posted by:Besoeker |
| #3 Damn - we've gone from the Brit being an Adam Smith acolyte, to spouting sit-com rerun material. |
| Posted by: Pappy 2016-04-26 20:48 |
| #2 Ricardo's Law Of Rent? Looooosey you got a lot of 'splaing to. Ricky, Ricky we have contract rent, now play Babaloo and lets go to the Club. |
| Posted by: Shipman 2016-04-26 17:40 |
| #1 People forget Ricardo's Law of Rent at their peril. Free trade is subsidy free. Open borders is a subsidy to landowners (which is why establishments LOVE it). |
| Posted by: Bright Pebbles 2016-04-26 17:00 |