Monday, September 30, 2013

Reshoring, Globalization, Plutocratization

I agree with the notion that global trade's growth has abated, as many one time improvements are behind us. But there is more to say. What was the main enabler of globalization? Plutocratization. Globalization allowed plutocrats to augment their production, hence power, all the more as they could buy the local potentates, hence the local law, while avoiding the laws of their countries of origin. A developing problem for plutocrats is the rise of transnational laws, regulations, and even examinations (!) to foil their plutocratic plots. For example, if Apple is condemned to pay more than 2% tax, it may reconsider some of its global gymnastics. If capital cannot take refuge overseas, it will have to invest locally. As observed with reshoring. The pirates are coming home to roost. https://patriceayme.wordpress.com/2013/09/30/all-we-need-is-tech/