GOOD-BYE GLOBALIZATION, WELCOME BACK PROTECTIONISM
The experiment of globalization has been a failure. Not even the Third World nations who were huge beneficiaries of industrialization have seen their countries make huge improvements to their internal infrastructure where the lot of the masses enjoyed better living standards, education and healthcare. Look at what is happening to China. Millions of poor “undocumented” [...]
IT IS BECOMING A CROWDED MARKET
Something has to give. There is no question all cargo-combination, especially Asian carriers, are very worried right now. How are their fleets going to be deployed now China is slowing to a crawl and the world is starting to look inwards for its very survival? It is now becoming clear that globalization has not attained [...]
GLOBALIZATION – A FAILURE OF MAMOUTH PROPORTIONS
I have always claimed I see nothing clever about a factory being closed down in Youngstown PA and production moving to Bangladesh, where the cost of labor moves from $20.00/hour to twenty cents. I am about starting lifting the average lot of the desperate in these impoverished nations by creating an environment that pulls them [...]
Wall St Collapses
As you can well imagine I am dancing on the graves of Merrill Lynch and Lehman Brothers. For years I have written about the greed and avarice of big business and the antics of Wall Street. I enjoyed claiming that the N.Y. Mercantile Exchange and Wall Street traders were simply cowboys. Yesterday, I almost “threw [...]
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