Can’t find a job? Move overseas.

[Demeter]

9. You misunderstand

Small, decentralized, decoupled economies, not interlinked by massive corporate systems, can sustain small spasms that heal quickly, and the worker can travel short distances to find work if the spasm lasts too long, and return when conditions improve back home, if desired.

But now, with 147 closely coupled Corporations pulling all the strings, there is no independence, which we have seen already.

When one bank goes down (say, Lehmans), they all go down and so do all their clients, unless some government backstops the entire global financial system (like US).

Is this any way to run an economy? Are people safer, better employed, able to plan their futures? NO!

For more education on the subject, DU hosts an excellent Stock Market Watch daily thread, and a weekly Weekend Economists thread, bringing data, analysis, and humor to the subject. (Disclosure, I am a long-time participant in those group efforts, and started the Weekend effort).