The Death of Global Integration
Posted: 24 Apr 2012 02:16 PM PDT
The world’s elites don’t want to admit it. But the kind of global village that they have insisted on building–a vast free-trade paradise run by an ever more complex and opaque system of logistics and finance–isn’t working, not even for many of them. The cost of maintaining this brittle, complex system and keeping the huge imbalances it creates at bay is becoming dizzyingly expensive.The consequences of those imbalances include heavily indebted countries such as Greece being driven into penury by the financial masters of Europe desperate to keep…