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Globalization is working precisely as intended, and it was inevitable. The question is what comes next, and what will its bias and imperfections be, and does it
by cmurf 8y ago
Globalization is working precisely as intended, and it was inevitable. The question is what comes next, and what will its bias and imperfections be, and does it inhibit warfare?
It's an unsolved problem how any closed system, whether it's a nation with restricted trade, or a planet with unrestricted trade, transitions off a consumption based economy. Even in the U.S. it's 80% who live paycheck to paycheck, some live right at their means, some are massively in debt, some engage in way more conspicuous consumption because they can and the like the social reward and have no concern of the future. It wouldn't take even half of those people to bring down the current economic order if they were to instantly start saving what they should, rather than consume. And it would likewise be terrible for the whole system if there were a significant recession, because there's simply no savings slack available to tolerate it.