ONE blogs – JOHN CALDER – Man for Monday – THE ONLY ECONOMIC ANSWER: UNGLOBALISATION

“There is nothing we can do about globalisation,” said Tony Blair some years ago. Then the great easy-to-foresee disasters began. There was Enron, there was Lehman Brothers, there was Nothern Rock, Royal Bank of Scotland… and round the world enterprises failing, sometimes being rescued reluctantly by their national governments, sometimes not. Too big to fail is the lame excuse made in some places. Both Tony Blair and this second statement are wrong. So let us look at the causes and then what can be done. read more —>