What is the new "Globalization"? [View All]

[sweetheart]

Bush and his neocrims will be gone soon enough, and debate rages around
what sort of economic future a democratic administration proposes.

"After the fall of the Berlin Wall, in that moment of self-congratulatory
euphoria, much of the US's ruling elite came to believe the rhetoric itself. The
result was a uniquely American, fin-de-siecle paganism - absolute faith in the ability
of an all-determining market mechanism to deliver universal prosperity and peace,
in perpetuity - which was then hawked abroad with evangelical zeal.
.
<snip>
.
This is the first time that the central director of a hyper-complex industrial system
has had so little ability to process bassic information about the workings of that system,
which is also, by design, the central frmework of its empire.
.
America today operates on an entirely different set of principals. No one dares whisper
the words "industrial policy". No one dares admit the degree to which these companies
tend to destoy not merely soft social infrastructure, such as pensions and wages, but basic
production infrastructure. . . . Yet even in America, the fantastic delusion of trade
utopianism cannot last - It is neither logically nor physically sustainable. Indeed,
as can be seen in the growing willingness of politicians in both parties to engage in
xenophobic demagogery, America's utopian fever seems to be breaking.

- Financial times yesterday print edition "Globalization must be saved from the radical
global utopians", Barry lynn https://registration.ft.com/registration/barrier?referer=http://search.ft.com/search/totalSearch_Form.html?vsc_appId=ts&symb=&ftsite=FTCOM&searchtype=equity&vsc_query=barry+lynn&x=0&y=0&searchOption=news&location=http%3A//news.ft.com/cms/s/4a7e56cc-ef39-11da-b435-0000779e2340.html


The biggest reason for hope is the prospect of a reformed, sober US. Once American mind is
exorcised of todays mechanistic utopianism, the most probably result willb e a return to
a far more realistic, practical, ethical, internationalism..". (!! hope? )

Utopian Universalism is dead. The sooner nations gather to bury its corpose - and
harness, hobble or break up the immense companies that have grown so powerful in the
shadow of that mtyh - the more liekly we will be to save globalisation. This, of course,
can happen only if we define globalisation, once again, as a political process that
must be managed by nation states.... <snip>

What sort of economic globalization you propose when the dems take back the congress in 2006,
and the presidency in 2008? Will they be able to get back on the horse, or is the bronco
gonna run wild? What is the future global economy?