8 October 2008
Globalism and Corruption are Incompatible
Posted by Joy Bischoff under: World Affairs .
The London Times has sounded the death knell of globalism, but this may be premature. With economic power being usurped by governments, this may eventually make it easier to implement international control. In the short-term, they may have overplayed their hand and set back globalism. This house of cards was based on world wide stability, or at least the stability of the major players. Because the cards are all dependent on each other for their structure, it was only a matter of time before a disturbance created a collapse.
Now, we see each nation pulling in to protect themselves. Self-interest in a crisis is the reason globalism will ultimately fail. George Washington understood the danger of entangling alliances. International trading is good and is different than global governance. The silly label of isolationist scares many into swallowing globalism but that is because they do not understand there is a difference between free intercourse between nations and the loss of freedom to the power hungry.
Whether or not the recent push for globalism crumbles, it is only a matter of time before the prophecies of Daniel come to pass and there is temporary success by a group who desires to overthrow the freedom of all nations. We should not fear to see prophecies happen. That should only help our faith grow that God has guided His prophets. In the end, evil will over-play its hand and the Lord will triumph.
The reason for this is simple. Unchecked power corrupts. Corruption eventually leads to chaos overcoming order. Only the Lord is incorruptible.
Why globalisation will yield to regional fiefdoms
While we watch the drama of the global banking system slashing its own wrists, the real economy has just arrived at outpatients with headaches
Carl Mortished: World Business Briefing
While we watch the grotesque drama of the global banking system slashing its own wrists, the real economy has just arrived at outpatients with headaches. There is tummy upset in the West, while a mysterious rash has broken out in the East.
In China, steelmakers are in deep trouble, the Olympics are over and the building sector, inflated by huge injections of public money, is subsiding. The symptoms of too much capacity and too little demand are beginning to show up in disputes with iron ore suppliers and sudden export surges to the United States as the Chinese resources industry chases dwindling demand for metal in Western markets.
The price of steel is tumbling worldwide as construction markets sag and motor manufacturers cut volume targets. ArcelorMittal, the world’s biggest steelmaker, has cut back production from Kazakhstan and Ukraine, big steel exporters, by up to 20 per cent. In London, the price of steel billets on the London Metal Exchange, a gauge of the temperature in the Asian and Mediterranean construction markets, has fallen by 60 per cent since July. Corus, the Anglo-Dutch steelmaker recently acquired by Tata, of India, gave warning this week that European markets were soggy……
The price of oil is tumbling and it could fall farther, but it is too late to prevent a fundamental shift in the pattern of global trade towards regional fiefdoms. The cost of producing oil beyond the massive reservoirs of Arabia has reached levels that are two or three times the long-term average price of $20 a barrel that was considered the norm in the 1990s. Production of iron ore is in the control of a de facto cartel and if Opec is not in control of the oil price, non-Opec producers have lost the means to challenge Opec with alternative supplies. If the oil price does collapse, it will be a short-lived respite before a renewed and more vicious upward spiral.
We are moving to a world of greater protectionism, where resources are jealously guarded. It will be a world where the cost of materials and fuel is no longer taken for granted and forms as large a part of strategic planning as the cost of labour. For several decades it was fashionable to say the world was getting smaller.
Now, the distance between us and our trading partners appears to be widening.
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