Globalization Has Role In This Double Whammy

On the face of it, there's not much to link the London riots and the latest gyrations in global markets. The wave of violence and looting that has spread across the U.K. over the past few days has been mass criminality not a protest movement. And the global stock market rout was triggered by concerns over the euro zone, U.S. government debt and the global recovery rather than anything specific to the U.K. Indeed, the markets have singled out the U.K. as a ... Full Story »

Posted by Fabrice Florin - via Jeff Jarvis, Megan Taylor (t), Jeremy Caplan (t), Kaizar Campwala (t), Donica Mensing (t), Joey Baker (t)
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Posted by: Posted by Fabrice Florin - Aug 10, 2011 - 1:25 AM PDT
Content Type: Article
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Edited by: Fabrice Florin - Aug 10, 2011 - 12:41 PM PDT
Fabrice Florin
4.0
by Fabrice Florin - Aug. 10, 2011

Thoughtful opinion on the effects of globalization on society and the economy. This article draws a connection between the U.K. riots and the economic slowdown, suggesting that global imbalances are causing social inequalities, particularly in the middle classes of western nations.

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Bob Herrschaft
2.4
by Bob Herrschaft - Aug. 12, 2011

Here we have another "shell"story from the WSJ, dismissing the London riots as "mass criminality and not a protest movement"and then going on to innumerate the glories of economic globalism. Even if we concede the significant role of hooliganism in the London riots and give a nod to the merits of globalization, the WSJ's superficial treatment of "the dark side"defies credibility.

Once again, China is singled out for reproach in its lack of economic cooperation. Get over it! Reagan and Thatcher opened our markets to limitless imports from China, with total disregard for the effects on the manufacturing base in the U.S. and the U.K.. It was their acolytes that created the tax havens for multinationals that robbed the U.S. and the U.K. of their revenue tax base. Don''t blame China, and don't blame Germany, which at least, has looked after the welfare of its own citizens.

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Kristin Gorski
3.9
by Kristin Gorski - Aug. 11, 2011

Even so, there’s a link between the two phenomena—and it is an unsettling one. Both reflect the challenges of globalization. The creation of a rules-based ... More »

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Francis lloyd Delos Santos
3.6
by Francis lloyd Delos Santos - Aug. 12, 2011

Good. because the news is real..and well reported.

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