Yes! There are significant obstacles to overcome on the global stage, but they are not insurmountable. For the most part, markets and costs drive the translation of businesses around the world. Consumer demand, for the larger part, drives the creation of jobs.
Fiscal and monetary regulation can be equated to the control rods in a nuclear reactor - a necessary element whose proper control prevents either meltdown on the one hand or regulated energy production on the other. It is true that 'we' can not control other governments, but, again, strengthening global cooperation and sharing global responsibility for the stability and growth of the planet can be done, but not unilaterally. It requires a commitment to a vision of growth and prosperity for the whole world, not just one nation, when in fact no one nation will ever again succeed in the long run without the other nations of the earth.
Neither the US economy, nor that of any individual nation/state, can be repaired in isolation from the rest of the world - that particular genie has left the bottle and will never be put back in again. It should be obvious by now that the success of the US economy is inextricably tied to the success of the global economy. What the US does affects the world, and conversely, what the rest of the world does affects the US. That simple statement is an inescapable fact. The US must learn to be a team player on the stage of our interdependent and interconnected world, or face a longterm bleak future for its people, products and services. There is a solution, but only if the US, and other fiercely independent states, are actually willing to actively and aggressively pursue that solution in cooperation with the rest of the world.
If our fiscal and monetary policy solutions are based solely upon what happens within our borders, at the exclusion of larger global currency, banking, trade and economic issues, then the US will be relegated to third world status having no longterm prospects for growth and continued economic sustainability. There is no longterm employment and economic solution that does not incorporate a global solution and perspective for the US or any individual state. Such a thing is no longer a viable option. So the US, and all the states of the world, if they are truly serious about their longterm growth, prosperity, and sustainability, must work with the rest of the world rather than seek political and economic protectionist solutions. Longterm local growth and prosperity is tied to the success of the global economy. It is as simple and as complex as that.
In today's high tech world, any person can find the item or service he or she wants, at a great price and quality, from anywhere on the planet and have that item shipped to their door within a few days. What does that mean for a business that wants to succeed, locally or in a global market place? Naturally, in a free market capitalist society, business will go where the costs are reduced. To suggest otherwise is contrary to free market rhetoric. As a matter of fact all you need do is look at businesses in the US throughout its history, and you will see that businesses have constantly moved to those locations where costs were reduced. This movement is not something with which the people in the US are unfamiliar. So what do we do? How do we address the translation of businesses from one place on earth to another when we know people need good paying jobs at home? What should be done ameliorate the negative local effects of global business translation? The answer lies in cooperation and the strengthening of our global ties, not protectionist isolationism or parochial myopia.
Every state will go through this cycle of business evolution as an economy matures. Businesses naturally go where the costs are reduced, and with continued improvements in communications, computing and transportation technologies, the ease and speed at which this occurs will accelerate over time. We will continue to see businesses move from one location on earth to another as each chases lower costs. The question is, “Do we sit back and just let things happen to us, or do we get involved and participate in building a system that will offer the best possible future out of the current quagmire of multiple disjointed currencies and inexplicably insular fiscal and monetary policies?” What should we do?
Several connected things and ideas come to mind. First, we must work to strengthen even more our global markets and our global unity through the WTO, the IMF and especially through the UN, and create a stronger global central bank with a single global currency. Such a system was developed and implemented successfully, on and off at various times, in the US in its early history. It worked exceptionally well for the US, it will do the same for the world today.
Secondly, we need a massive inspirational and awe inspiring project where people and businesses and states can work together toward a common goal and purpose. Such a project must be so large and visionary that it creates new businesses and technologies and thus improves employment in virtually every state on the planet. It must be a massive project that captures the imagination and the hearts and minds of people everywhere. Such a goal will create jobs, inspire people everywhere, raise consumer confidence, and advance science and technology, growth and prosperity throughout the world. Any suggestions? Think on a massive huge planetary scale.
Tim Williamson
Alabama, USA
1-205-765-6090
nanoproducer@gmail.com
Fiscal and monetary regulation can be equated to the control rods in a nuclear reactor - a necessary element whose proper control prevents either meltdown on the one hand or regulated energy production on the other. It is true that 'we' can not control other governments, but, again, strengthening global cooperation and sharing global responsibility for the stability and growth of the planet can be done, but not unilaterally. It requires a commitment to a vision of growth and prosperity for the whole world, not just one nation, when in fact no one nation will ever again succeed in the long run without the other nations of the earth.
Neither the US economy, nor that of any individual nation/state, can be repaired in isolation from the rest of the world - that particular genie has left the bottle and will never be put back in again. It should be obvious by now that the success of the US economy is inextricably tied to the success of the global economy. What the US does affects the world, and conversely, what the rest of the world does affects the US. That simple statement is an inescapable fact. The US must learn to be a team player on the stage of our interdependent and interconnected world, or face a longterm bleak future for its people, products and services. There is a solution, but only if the US, and other fiercely independent states, are actually willing to actively and aggressively pursue that solution in cooperation with the rest of the world.
If our fiscal and monetary policy solutions are based solely upon what happens within our borders, at the exclusion of larger global currency, banking, trade and economic issues, then the US will be relegated to third world status having no longterm prospects for growth and continued economic sustainability. There is no longterm employment and economic solution that does not incorporate a global solution and perspective for the US or any individual state. Such a thing is no longer a viable option. So the US, and all the states of the world, if they are truly serious about their longterm growth, prosperity, and sustainability, must work with the rest of the world rather than seek political and economic protectionist solutions. Longterm local growth and prosperity is tied to the success of the global economy. It is as simple and as complex as that.
In today's high tech world, any person can find the item or service he or she wants, at a great price and quality, from anywhere on the planet and have that item shipped to their door within a few days. What does that mean for a business that wants to succeed, locally or in a global market place? Naturally, in a free market capitalist society, business will go where the costs are reduced. To suggest otherwise is contrary to free market rhetoric. As a matter of fact all you need do is look at businesses in the US throughout its history, and you will see that businesses have constantly moved to those locations where costs were reduced. This movement is not something with which the people in the US are unfamiliar. So what do we do? How do we address the translation of businesses from one place on earth to another when we know people need good paying jobs at home? What should be done ameliorate the negative local effects of global business translation? The answer lies in cooperation and the strengthening of our global ties, not protectionist isolationism or parochial myopia.
Every state will go through this cycle of business evolution as an economy matures. Businesses naturally go where the costs are reduced, and with continued improvements in communications, computing and transportation technologies, the ease and speed at which this occurs will accelerate over time. We will continue to see businesses move from one location on earth to another as each chases lower costs. The question is, “Do we sit back and just let things happen to us, or do we get involved and participate in building a system that will offer the best possible future out of the current quagmire of multiple disjointed currencies and inexplicably insular fiscal and monetary policies?” What should we do?
Several connected things and ideas come to mind. First, we must work to strengthen even more our global markets and our global unity through the WTO, the IMF and especially through the UN, and create a stronger global central bank with a single global currency. Such a system was developed and implemented successfully, on and off at various times, in the US in its early history. It worked exceptionally well for the US, it will do the same for the world today.
Secondly, we need a massive inspirational and awe inspiring project where people and businesses and states can work together toward a common goal and purpose. Such a project must be so large and visionary that it creates new businesses and technologies and thus improves employment in virtually every state on the planet. It must be a massive project that captures the imagination and the hearts and minds of people everywhere. Such a goal will create jobs, inspire people everywhere, raise consumer confidence, and advance science and technology, growth and prosperity throughout the world. Any suggestions? Think on a massive huge planetary scale.
Tim Williamson
Alabama, USA
1-205-765-6090
nanoproducer@gmail.com
No comments:
Post a Comment