Tobacco Issue Puts Pacific Trade Pact at Risk

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10. That's an opinion.

Economic development in a Capitalist economic system REQUIRES protection of domestic production, because of the predatory nature of the economic process, or they will get eaten by outsiders. Globalization OBVIOUSLY is monopolistic in its tendencies, that is the idea behind it. It is more about preventing competition than fostering it. Capitalists proceed according to a very simple dog-eat-dog philosophy which works OK for the dogs, the big ones anyway, but is no way to run an economy which has to work for everybody.

Further, locally controlled, bottom-up economic systems are much more efficient that globally managed top-down arrangements, Ii's too clumsy and the information bottlenecks and politics make things freeze up after a while like we are seeing now.

And especially in a post-cheap-hydrocarbon world, which is where we are going like it or not.