[shakespear1]

I just stumbled on the writings of a Director of Research Program in Social and Organizational Learning at George Washington University. I assume that a lot of revisionism will need to be made or rationalization as a result of the Global Financial Collapse.

Here is a little of the favor of the thinking going on in those closed academic offices.

$this->bbcode_second_pass_code('', 'Why we now have a global economy

In the 1990s the world economy was transformed by the collapse of the Soviet Union. Almost overnight, the competition between two competing economic models ended, and nations around the world looked for ways to adapt to the new era of markets and globalization.

New communication and transportation technologies have created the ability to move capital, goods, and information rapidly and easily around the world. And organizations have adapted to these new abilities by creating flexible organizational structures. By not building factories but rather by contracting for the manufacture of products, companies are able to easily move the production of goods from one country to another to take advantage of lower cost labor or more favorable government regulation. Indeed some companies go so far as to contract for the design and marketing of goods as well as the production of goods. This arrangement allows them to hire local firms that know better the desires of consumers in their countries.

New communication technologies, increased standardization of accounting practices and new financial markets have made it easier for capital to move rapidly from country to country. Capital now flows easily across national borders seeking the highest return on investment.

As a result of the triumph of market-oriented economic theories over theories advocating government ownership or control, there is now widespread political support for privatization, competition, and agreements to lower trade barriers (Yergin and Stanislaw, 2002). If markets are good, then trade across national boundaries is also good. Lowering tariff barriers allows producers to sell their goods in other countries. Increased trade creates more competition and leads to higher quality goods and lower prices for consumers. ')

Globalization

Wow, I would hate to be in class defending this point of view.

[Cloud9]

Why? The market system has lasted a lot longer than the one dreamed up my Marx.

[shakespear1]

The Utopian representation of the Western Model in light of what has happened most certainly must make anyone with a rational thinking cap to think what the hell is so great about it.

The Isl. of Naru is a great micro example of the exploitation failure and the lack of mechanism to stop it if market economy is given free reign.

Market at Work