Broadly speaking, globalization entered a new faster more ramped up phase after the fall of the Berlin Wall in 1989. The world economy opened up and the roughly 1 Billion actors in the financial systems in Europe and American tripled with the entrance of Russia, India, China, and Brazil. These new players know tenderly as BRIC smashed open the doors of the financial systems the world over. Breaking open the doors was akin to opening the flood gates and massive amounts of wealth followed. China and India excellerated global trading and unleash a freedom revolution.
The price of labor was forced down as billions of global workers entered the labor market and for a while from 90-2005 it seemed like "Inflation" was over.
Flash forward and history is repeating itself. All productivity surges in the past including the first internet boom end in revolution. This revolution is an green revolution battled by world economies over the energy crisis.
Thomas Friedman's new book Hot, Flat and Crowded: Why we need a green revolution and how it can renew America is a road map to the future. America will become increasing less important in the world, but mother nature will be front and center.
“Mother Nature is just chemistry, biology and physics. That’s all she is.” You cannot spin Mother Nature. You cannot bribe Mother Nature. You cannot sweet talk her, and you cannot ignore her.
Sunday, October 12
at 2:50 PM