Thursday, November 26, 2009, 5:20PM ET - U.S. Markets Closed for Thanksgiving Day.
Indeed, although the debate over immigration seems to have died down in the U.S, a backlash against globalization is growing; notable examples include:
Against this backdrop, and with politicians worldwide scoring points with anti-globalization comments, Tilman says there is "significant probability" of overzealous regulation and/or protectionist policies that exacerbate the current economic malaise.
"Defenders of free markets find ourselves in the unusual position where we have to accept and acknowledge that unconstrained capitalism is actually destructive," he says. "How do we balance need for economic dynamism with a viable economy and proper regulation?"
How this debate is framed and ultimately decided will determine whether the current crisis proves to be a mere interlude in globalization's progress, or its undoing.
Hey Gang Happy Monday!!! Consumers have more technology and widgets, they want a return to basics. What the consumer wants, the consumer gets. Consumers all over the world could care less about mergers, acquisitions, global financial meltdowns, and protectionism. Feed the global economy by listening to the voices of reason. The little people run the world by saving and conserving. I enjoy watching big wigs panic, they have tried everything and continue to fail. Soon new jobs and more globalization will appear. These over educated ivy league types will tout how they saved the world once again from the little people. Have a GREAT day.
Stockwell Day said:"In a time of global downturn countries should not be lapsing backwards into protectionist activity. That only results in other countries then wanting to put up barriers and the last thing we need now is a retaliatory trade war..."
buy Toyota.. put americans out of work! hundreds of thousands of jobs have been lost dueto foreign auto companies who destroy US jobs. Toyota... about 30000 jobs in the US while destroying about 300000
buy Toyota.. put americans out of work! hundreds of thousands of jobs have been lost dueto foreign auto companies who destroy US jobs. Toyota... about 30000 jobs in the US while destroying about 300000 We need fair trade.. not this current system where the USA buys everyone elses products on debt and ends up bankrupt
Globalization is dangerous in that it has been marching forward the regime of ONE WORLD VIEW, which is far from correct for our global economy ------- AMERICANs are clueless over the impact U.S. corporations and U.S. Foreign Policy has on the world ------- So long as political and corporate leaders keep AMERICANs armed with flags and bibles, we're none the wiser. Until of course the failed ONE WORLD VIEW washes up on our shores
If you send bail out companies and send "stimulus" checks to taxpayers, whose economy are you stimulating if 75% of the money ends up going toward purchases for foreign goods and labor?
"Never heard a person that you know to be smart say protectionism is a good idea"? Really? Does Warren Buffett not qualify? http://money.cnn.com/magazines/fortune/fortune_archive/2003/11/10/352872/index.htm See article in Fortune: "America's Growing Trade Deficit Is Selling The Nation Out From Under Us. Here's A Way To Fix The Problem--And We Need To Do It Now"
All I have to say on an ironic note is : thank you Federal Reserve... Fed is at the base of this whole mess not free market ...
All I have to say on an ironic note is : thank you Federal Reserve... Fed is at the base of this whole mess not free market ...
Is it now "Information of the rich, Information by the rich, Information for the rich". Information can set you free. However, we little guys are not allowed to have access to this information. Every weird, corrupt, illegal act we see today smells of hiding the truth from the little guys so we do not panic. Think of the twisted CPI, Inflation, Unemployment, etc. statistics thrown around lately. We all know they are not correct, yet we let those in charge use this Information to control us.
Hey Aaron and Blodget ------- When will you address America's BEST PROTECTED industry; Agribusiness and GMOs, and its impact on Worldview of America? ------- Or is Agribusiness and GMOs the HOT-BUTTON topic your editors behind the scenes DO NOT want dummied-down Americans to know about?
Positive psychological impact?The key was faith.... Many of God's promises are conditional, requiring some intial action on our part-----
There should be a new "outsourcing tax" applying for those US based companies that lays off US employees and outsources jobs to foreign countries. NO JOB - NO SPENDING - MARKETS SHRINKING - COMPANIES LAY OFF MORE EMPLOYEES - MORE PEOPLE BECOME JOBLESS
You are either a "have" or a "have not". When the economies are running fat and happy, many "have nots" start thinking they are the part of the 1% of the "haves". When it all comes crashing down, the reality is that 99% are slaves, thrown to the fire to support the haves. Which ones are you? If you read this, I you are a "have not".
The globalization of economy is already in place and needs to be improved upon. The protectionism at this stage will only worsen the current status of already weakening economy.
There should be a new "outsourcing tax" applying for those US based companies that lays off US employees and outsources jobs to foreign countries. NO JOB - NO SPENDING - MARKETS SHRINKING - COMPANIES LAY OFF MORE EMPLOYEES - MORE PEOPLE BECOME JOBLESS
I wish these talking heads would leave their studios once in a while and get out in the real markets of Japan, Korea, and Taiwan. Nothing foreign is for sale! Everything goes out of their countries and nothing comes in, but raw materials. Trade is a one way street with them and we have let them get away with it for 50 years. Wake up America! We want Fair Trade instead of free trade!
There is a big difference between the unregulated free market and a free market with enforced rules and regulations. Reagan's dream of deregulation and privitization of government is a reckless failure for the long term. Some opportunists made a bundle off system. We will continue to have trade partners, we just need to balance the act and not send all of our jobs overseas.
Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Fundamental company data provided by Capital IQ. Financials data provided by Edgar Online. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc. Analyst estimates data provided by Thomson Financial Network. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.
Yahoo! Finance User - Monday February 02, 2009 12:57PM EST
We do not and have not had "unrestrained capitalism" in this country. This mess was created by government involvement via the Federal Reserve, Fannie and Freddie, and ridiculour defecit spending. If you fail to diagnose the problem, you are unlikely to find the solution...