"We're seeing the end of a global free market."

Collarchat.com

Home Login Search

"We're seeing the end of a global free market."

View related threads: (in this forum | in all forums)

Logged in as: Guest

All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> "We're seeing the end of a global free market."

Page: [1]

Message

<< Older Topic Newer Topic >>

"We're seeing the end of a global free market." - 5/20/2010 11:59:37 AM

popeye1250

Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline

http://finance.yahoo.com/tech-ticker/%22we're-seeing-the-end-of-a-global-free-market%22-says-ian-bremmer-492475.html?tickers=xli,%5Edji,%5Egspc,gld,gdx,uup,tlt&sec=topStories&pos=9&asset=&ccode=

Interesting position by Bremmer and one I've seen comming for a while now. It simply wasn't sustainable in the first place.
And "spot on" about the American "consumer" not being able to consume at the same rate anymore.

_____________________________

"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

Profile

Post #: 1

RE: "We're seeing the end of a global free market.... - 5/20/2010 12:43:59 PM

NorthernGent

Posts: 8730
Joined: 7/10/2006
Status: offline

quote:

ORIGINAL: popeye1250

http://finance.yahoo.com/tech-ticker/%22we're-seeing-the-end-of-a-global-free-market%22-says-ian-bremmer-492475.html?tickers=xli,%5Edji,%5Egspc,gld,gdx,uup,tlt&sec=topStories&pos=9&asset=&ccode=

Interesting position by Bremmer and one I've seen comming for a while now. It simply wasn't sustainable in the first place.
And "spot on" about the American "consumer" not being able to consume at the same rate anymore.

Brenmer is lacking an understanding of history then.....

We've been here before.....1896-1914 was a period that witnessed the first truly global market....a period of unprecedented growth....a catastrophic war....far more damaging than a few quid going up the swanny here and there....wasn't enough to effect an about turn....like it or not free trade on a global scale is here to stay...

_____________________________

I have the courage to be a coward - but not beyond my limits.

Sooner or later, the man who wins is the man who thinks he can.

(in reply to popeye1250)

Profile

Post #: 2

RE: "We're seeing the end of a global free market.... - 5/20/2010 1:41:49 PM

popeye1250

Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline

quote:

ORIGINAL: NorthernGent

quote:

ORIGINAL: popeye1250

http://finance.yahoo.com/tech-ticker/%22we're-seeing-the-end-of-a-global-free-market%22-says-ian-bremmer-492475.html?tickers=xli,%5Edji,%5Egspc,gld,gdx,uup,tlt&sec=topStories&pos=9&asset=&ccode=

Interesting position by Bremmer and one I've seen comming for a while now. It simply wasn't sustainable in the first place.
And "spot on" about the American "consumer" not being able to consume at the same rate anymore.

Brenmer is lacking an understanding of history then.....

We've been here before.....1896-1914 was a period that witnessed the first truly global market....a period of unprecedented growth....a catastrophic war....far more damaging than a few quid going up the swanny here and there....wasn't enough to effect an about turn....like it or not free trade on a global scale is here to stay...

Gent, what do you think of this?

http://www.fool.com/investing/international/2010/03/17/the-end-of-the-euro.aspx

_____________________________

"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

(in reply to NorthernGent)

Profile

Post #: 3

RE: "We're seeing the end of a global free market.... - 5/20/2010 1:58:59 PM

Musicmystery

Posts: 30259
Joined: 3/14/2005
Status: offline

popeye,

This isn't about the end of global free markets for any economic reasons--it's the urge toward protectionism in a downswing.

If those voices win, we will suffer severe economic consequences. History of protectionism in the face of well established economic realities.

(in reply to popeye1250)

Profile

Post #: 4

RE: "We're seeing the end of a global free market.... - 5/20/2010 2:21:12 PM

popeye1250

Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline

quote:

ORIGINAL: Musicmystery

popeye,

This isn't about the end of global free markets for any economic reasons--it's the urge toward protectionism in a downswing.

If those voices win, we will suffer severe economic consequences. History of protectionism in the face of well established economic realities.

Music, "those voices" *will* win. *China*

_____________________________

"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

(in reply to Musicmystery)

Profile

Post #: 5

RE: "We're seeing the end of a global free market.... - 5/20/2010 3:29:31 PM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline

Popeye., I view alot of things as a mixed bag. I enjoyed some things of the globalization. The peril is that the comforts we enjoy may not be so later.

(in reply to popeye1250)

Profile

Post #: 6

RE: "We're seeing the end of a global free market.... - 5/20/2010 6:42:36 PM

vincentML

Posts: 9980
Joined: 10/31/2009
Status: offline

quote:

ORIGINAL: Musicmystery

popeye,

This isn't about the end of global free markets for any economic reasons--it's the urge toward protectionism in a downswing.

If those voices win, we will suffer severe economic consequences. History of protectionism in the face of well established economic realities.

You have to listen to this guy carefully. He is talking out of both sides of his mouth. The headline is the global free market is failing but in the interview he says the regulated free market failed and he blames the SEC. Then he diametrically laments the increasing political regulation in the Chinese economy and at the same time worries about growing populism in the West. Can't really pin down what his central thesis is. Does he want a regulated market or an unregulated market? Fuck knows.

_____________________________

vML

Our lives begin to end the day we become silent about things that matter. ~ MLK Jr.

(in reply to Musicmystery)

Profile

Post #: 7

RE: "We're seeing the end of a global free market.... - 5/20/2010 6:52:30 PM

ThatDamnedPanda

Posts: 6060
Joined: 1/26/2009
Status: offline

Free trade is here to stay, in one form or another. As long as there are people in India willing to make sneakers for 5 dollars a day, and people in America willing to pay 200 dollars a pair for those sneakers, there will always be a global market.

_____________________________

Panda, panda, burning bright
In the forest of the night
What immortal hand or eye
Made you all black and white and roly-poly like that?

(in reply to vincentML)

Profile

Post #: 8

RE: "We're seeing the end of a global free market.... - 5/20/2010 7:46:37 PM

Musicmystery

Posts: 30259
Joined: 3/14/2005
Status: offline

quote:

Music, "those voices" *will* win. *China*

China is a good example. A few centuries back, they controlled the world, turned protectionist, and took a nose dive. In this century, they turned gradually to free trade--and prospered greatly.

Meanwhile, in the U.S....

2009 Exports: $1.057 trillion
Export goods: agricultural products (soybeans, fruit, corn) 9.2%, industrial supplies (organic chemicals) 26.8%, capital goods (transistors, aircraft, motor vehicle parts, computers, telecommunications equipment) 49.0%, consumer goods (automobiles, medicines) 15.0% (2009)

< Message edited by Musicmystery -- 5/20/2010 7:55:39 PM >

(in reply to popeye1250)

Profile

Post #: 9

RE: "We're seeing the end of a global free market.... - 5/20/2010 7:58:45 PM

domiguy

Posts: 12952
Joined: 5/2/2006
Status: offline

popeye is afraid. That what sucks about not being able to understand that the world is a changing and evolving place. Nothing is promised. Some are unable to adapt and are frightened by what they see as a threat instead of an opportunity for growth.

_____________________________

(in reply to Musicmystery)

Profile

Post #: 10

RE: "We're seeing the end of a global free market.... - 5/21/2010 3:19:16 AM

housesub4you

Posts: 1879
Joined: 4/2/2008
Status: offline

It is not really a "free market" anywhere in the world. That is the line they sell us. As long as governments keep subsidizing, bailing out, accept money to promote certain industries it never will be

If it is a TRUE free market, then why all the government money going to private business, businesses should be allowed to fail, and if they do not have the money the taxpayers should not be paying for their R&D so industries can turn around and profit with out risk

Hell look at exxon mobil, most profits ever, most government money received in subsidize's, Hell look at BP, they received 100's of millions to develop safety features for their oil rigs, turns out they used the money to line their own pockets, how is that free market and they are all lining the pockets of our congressmen to limit what they can be sued for with the oil leak

Free market my ass

(in reply to domiguy)

Profile

Post #: 11

RE: "We're seeing the end of a global free market.... - 5/21/2010 8:35:34 AM

popeye1250

Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline

quote:

ORIGINAL: housesub4you

It is not really a "free market" anywhere in the world. That is the line they sell us. As long as governments keep subsidizing, bailing out, accept money to promote certain industries it never will be

If it is a TRUE free market, then why all the government money going to private business, businesses should be allowed to fail, and if they do not have the money the taxpayers should not be paying for their R&D so industries can turn around and profit with out risk

Hell look at exxon mobil, most profits ever, most government money received in subsidize's, Hell look at BP, they received 100's of millions to develop safety features for their oil rigs, turns out they used the money to line their own pockets, how is that free market and they are all lining the pockets of our congressmen to limit what they can be sued for with the oil leak

Free market my ass

Housesub, agreed.
We have bankruptcy laws for a reason.
And this "free market" certainly hasn't been good for the average worker, has it? People are making a lot less money adjusted for inflation than they were 20 years ago. But, they can buy cheap plastic junk or clothing made in China from Walmart's.
Some trade off.
Even some people on the business channel are now saying that we need to get manufacturing back into the U.S. "Duh."

_____________________________

"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

(in reply to housesub4you)

Profile

Post #: 12

RE: "We're seeing the end of a global free market.... - 5/21/2010 10:48:18 AM

kdsub

Posts: 12180
Joined: 8/16/2007
Status: offline

Popeye many are calling this link foolish and not following history…well I believe they are not looking at the very basic nature of societies and their success and failures.

On a very basic level societies always first produce goods to serve their own societies…then and only then when there is an excess of goods… do they sell or trade with other societies.

This is the only way to improve the standard of living. If a society consumes more than they produce then they are doomed to a lowering of their standard of living.

This fact is a failing of our system where goods are produced not according to the abilities and resources of a society but according to the cheapest labor and tax structures even if this means moving outside the originating society.

This is why China has been so successful on the world economic stage… they protect and strictly control their industry and workers assuring industry does not move outside the society. They ignore patents and free enterprise subsidizing industry where necessary to gain and hold inroads into other countries industries.

The world global free market is just a way for the powerful to control and steal resources from other nations. Concentrating wealth and shifting economic from one nation to another but never spreading the wealth as it proclaims.

Butch

_____________________________

Mark Twain:

I don't see any use in having a uniform and arbitrary way of spelling words. We might as well make all clothes alike and cook all dishes alike. Sameness is tiresome; variety is pleasing

(in reply to popeye1250)

Profile

Post #: 13

RE: "We're seeing the end of a global free market.... - 5/21/2010 6:38:38 PM

Fellow

Posts: 1486
Joined: 9/21/2009
Status: offline

Free trade is not a problem. The problem is the trade balance that must be regulated by the governments. If USA continues to trade US Treasury bonds (debt) for consumer goods with China things will get very ugly soon. The government has all the power needed to regulate trade.

(in reply to kdsub)

Profile

Post #: 14