Synopsis:
- Grand economic theories rarely last more than a few decades
- Open-market theory -1929
- Communism 1917-1991
- Keynesianism 1933-1979
- Globalisation 1976-
- Globalization
- Ever-growing markets
- Ever-higher productivity (technology)
- Borderless managers
- Critique of Globalization
- Caused by geopolitical vacuum
- Nation states replaced with transnational corporations
- But natural resources and consumers live in real places
- Modern democratic society is only superficially based on the individual and democracy
- Knowledge has not made people more conscious: people live in inscrutable worlds where languages are highly technical
- Money markets are pure inflation, cause instability, and produce no real growth
- Global market forces do not serve the public good
|
