10.3.03

Truly terrifying;

"Understanding that the line between the Core and Gap is constantly shifting, let me suggest that the direction of change is more critical than the degree. So, yes, Beijing is still ruled by a “Communist party” whose ideological formula is 30 percent Marxist-Leninist and 70 percent Sopranos, but China just signed on to the World Trade Organization, and over the long run, that is far more important in securing the country’s permanent Core status. Why? Because it forces China to harmonize its internal rule set with that of globalization—banking, tariffs, copyright protection, environmental standards. Of course, working to adjust your internal rule sets to globalization’s evolving rule set offers no guarantee of success. As Argentina and Brazil have recently found out, following the rules (in Argentina’s case, sort of following) does not mean you are panicproof, or bubbleproof, or even recessionproof. Trying to adapt to globalization does not mean bad things will never happen to you. Nor does it mean all your poor will immediately morph into stable middle class. It just means your standard of living gets better over time.

In sum, it is always possible to fall off this bandwagon called globalization. And when you do, bloodshed will follow. If you are lucky, so will American troops."

HARHARHARAHRAHRAHRAHRAHRAHAHAAHRRA!!!!!!!!!!! Admiral's on economics hey!

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