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Showing posts with the label "financial flow"
Some interesting arguments of a big picture. However, it is too much political science, too little political economy. Hardly any mention of economic growth, profit, ownership of the means of producing wealth, capitalist uneven development, and what would make the rich countries jeopardise their standard of living for "a new international order" that is just.  It is not clear what the author means by the so often-repeated second person "we". Without political innovation, global capital and technology will rule us without any kind of democratic consultation, as naturally and indubitably as the rising oceans. The libertarian dream – whereby antique bureaucracies succumb to pristine hi-tech corporate systems, which then take over the management of all life and resources – is a more likely vision for the future than any fantasy of a return to social democracy. "The Demise of the Nation State"