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Indeed we don't have countries any more, we have markets. Most global corporations don't break down their numbers by country any more, we are all part of the EMEA (Europe, the Middle East and Africa) region. Profits are reported where taxes are the lowest, production is located where labour costs are lowest, and products are sold where they can command the highest prices.
And the thing is, nation states not big enough to dominate a market on their own haven't yet devised a strategy to combat this. Nationalism is the inchoate response, but it merely compounds the problem. The EU is the best solution we have, and even it has failed miserably. For all his incompetence, Hollande has delayed this process almost as well as any: France is still a functioning social democracy. As the UK is about to find out if it votes for Brexit, the alternative is even worse.
There is only one long term global solution, and that is for global political institutions to wrest control from global corporations, and that isn't even on any political agenda yet. For the foreseeable future we will live on democratic islands in a rising corporate sea. France, for now, is still one of the hold-outs. A returning Sarkozy wouldn't make that any better.
Index of Frank's Diaries
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by gmoke - Jun 15 5 comments
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by generic - Jun 8 1 comment
by fjallstrom - Jun 8 1 comment
by John Redmond - Jun 1716 comments
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by gmoke - Jun 155 comments
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by DoDo - Jun 1223 comments
by Democrats Ramshield - Jun 104 comments
by generic - Jun 81 comment
by fjallstrom - Jun 81 comment
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by ARGeezer - Jun 617 comments
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by ARGeezer - Jun 270 comments
by das monde - Jun 222 comments
by John Redmond - May 3037 comments
by DoDo - May 2911 comments
by Frank Schnittger - May 2620 comments
by ARGeezer - May 2522 comments
by gmoke - May 23
by gmoke - May 1518 comments