What will globalization bring?
Deborah
about worldcurrency, yet I would appreciate your feedback on each of
them:
1. GENERAL: Where will globalization bring us in future? What is your
view? Feel free to float ideas under this general question. If you see
another issue, feel free to add more questions!
2. CURRENCY: Will there be a WorldCurrency? If so, will the US$, the
Euro and the Yen continue to be used? Or, will one of these become the
WorldCurrency?
3. LANGUAGE: Will English become the global language? To what extent is
English already the global language?
4. LAW: Will laws be harmonized around the world? Which laws will be
harmonized first? Which laws are unlikely to ever become global?
5. STOCK: Will there be one global online stock exchange, listing any
company in the world and offering 24/7 online trading in shares,
securities, options, etc? Will Nasdaq and the New York Stock Exchange
continue to operate separately? Will multiple listing be possible?
6. PROPERTY: Will there be one repository where ownership for all
property around the world is registered? Will it be the US Library of
Congress?
7. TRADE: Will there be more progress on free trade through the WTO or
through bi-lateral trade agreements?
Cheers!
Deborah
John Gelles
I have seven questions on the topic of globalization. There aren't all
about worldcurrency, yet I would appreciate your feedback on each of
them:
1. GENERAL: Where will globalization bring us in future? What is your
view? Feel free to float ideas under this general question. If you see
another issue, feel free to add more questions!
We are globalizing production (supply) consciously. This allows multinational corporations to maximize profit by shortchanging workers and the environment.Since workers are also customers and the environment is also corporate real estate the shortchanging will short-circuit corporate existence.Nations can last, corporations cannot--even though they will try.Globalization will proceed until it is stopped by nationalism. Nationalism will return to its pre-eminent place in our lives. At that time, we may expect democracy to triumph and economic democracy to have its day. It is defined by the bill of economic rights at www.tiea.us/2nd-bill.htm
2. CURRENCY: Will there be a World-Currency? If so, will the US$, the Euro and the Yen continue to be used? Or, will one of these become the World-Currency?
There will be at least three world currencies, one for Europe, one for Asia and one for America: there may be a few more--separate for ones for Russia, India and China, and perhaps Japan-Korea and Southeast Asia.
English is a global language. It will absorb a few more languages and not be rivaled by another international language. But Spanish, Russian and Chinese may remain a first language for many decades to come.
harmonized first? Which laws are unlikely to ever become global?
"The logical syntax (law) of language is science", -- Rudolph Carnap., in the 1930's."The logical syntax (law) of law is science and justice (fairness) -- in near equal measure, as issues of fairness will remain outside the realm (domains) of science forever", -- John Gelles, today.The English law of equity is a model for future law. The modern law of "gaming the language" is by its nature a game for making money -- it is not a contender for lasting moral weight.
company in the world and offering 24/7 online trading in shares,
securities, options, etc? Will Nasdaq and the New York Stock Exchange
continue to operate separately? Will multiple listing be possible?
The law of money, property and debt may conceivably develop faster than the laws of equity and economic democracy. If it does then global corporations and stock exchanges may develop along the line indicated by this question.This question is, in my view, extremely profound and insightful for all the predicting asked for ahead of it.If corporations are to outmaneuver governments, parliaments and armies, if the money power is to triumph over words and guns,) then we may be in for class struggle and civil war -- not national competition and eventual utopian outcomes (that I have posited in questions 1-4).
property around the world is registered? Will it be the US Library of
Congress?
A privately owned Google electronic directory/mirror of a national repository may come about. But property law -- in my view -- will remain national not international: sovereignty is here to stay.
I guess 50 / 50.John Gelles
Cheers!
Deborah