The Evolution of the Global Economy
The economy is like a child. It grows, matures and evolves. Perhaps the greatest problem we face in attempting to reform our political-economy and move forward, has been the assumption that we are in control. We only to see things in our domestic political-economy and make our investments and policy decisions based upon this myopic domestic perspective. Yet the economy is far more complex and sophisticated. It is not reducible to a single cause and effect. It is akin to a rain forest with countless species interacting with one dependent upon another. Remove one, and you begin a chain reaction with unintended or knowable circumstances.
The economy has matured and evolved in ways we have ignored and remain oblivious to their development. In many ways, we still assume the world is flat economically. We fail to grasp the global economic evolution all around us because it confronts our politicians, economists, and the central bankers who prefer the limited domestic economy view in which they can be masters of the universe. The evolution of our global economy is challenging their very ideas and theories illustrating we are not confined by their limited concepts of the world around us. This basic assumption of a domestic economy within the grasp of government is what I call the Fish Bowl Economy entirely self-contained. It is a view that supports centralized panning and governmental power. However, they have been unable to prevent any crash and always seek greater power with each event claiming they will prevent the next. They cannot see the global economy for it is beyond their power. This view of a domestic Fish Bowl Economy, excludes the possibility that a fish can leap from one bowl to the next.
(Full Work to be Published by 2014)