Sunday, December 02, 2001

This is a very interesting article tying together the recent terror and the current rush to globalization. John Gray, the author, believes that the world can function quite well in a de-globalized state. The counter-argument is that modern capitalism needs globalization in order to survive for it amounts to a sort of giant Ponzi scheme. Unless capitalism keeps growing ever faster it will collapse, and globalization is the only thing that will allow this rate of growth.