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> better scenario would be to enact tight regulations on a country Here, I am less convinced. Globalisation came about in good part to move from the places wi
by NeedMoreTea 7y ago
> better scenario would be to enact tight regulations on a country
Here, I am less convinced.
Globalisation came about in good part to move from the places with tighter regulation - on pollution, on employment, on finance - to those without.
It is the same way that offshore finance came about by trading each regulation against each other. The net result is there are fewer controls everywhere, despite a few headline money laundering regs. The history of this is fascinating.