Another view on global economy

Worth reading

The Establishment Rethinks Globalization

I'm not normally a big fan of The Nation magazine. Long story and all of that. On the other hand, they do sometimes publish something that other people would rather not think about, and this is one of those times.
As my background shows, I'm an engineer by trade, specializing in the manufacturing side of the field rather than straight design. Probably that was a mistake. In the last 20+ years, I have worked in manufacturing facilities that included some of the largest and most respected names in America. Of the few that still remain, almost all have undergone turmoil, buyouts, mergers, divestitures, outsourcing, downsizing, reorganizations, and all the other terms we use to conceal the fact that we are spending more money and effort on rearranging the deck chairs on the Titanic than in running the operation. Often this is the fault of the bean-counters that seem to run all to many businesses these days. Sometimes it's due to imbeciles in government. And sometimes its just due to the Bright Boys who took a business degree somewhere and decided that the path to greatness was to send all the actual doing of the business to some slave labor camp in China, Mexico, or the like, or just to the contract manufacturer across town who employs illegal aliens. Much was and is defended on the philosophy of globalization for the Greater Good of All. Observations of negative results were derided as unimportant.

Comes now a bit of research and a book based on that research that provides some foundation to argue that indeed, globalization ain't all it's cracked up to be. Check out the article.