tag:blogger.com,1999:blog-556713479555791348.post3898878722560130310..comments2023-06-19T01:47:07.898-07:00Comments on Global IT & Business News: The Transpolar Future: A New Geo-Political EcosystemMetaPorthttp://www.blogger.com/profile/15663351746304129389noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-556713479555791348.post-68278825479586512852009-04-28T16:42:00.000-07:002009-04-28T16:42:00.000-07:00So true Pamela, I definitely agree in terms of the...So true Pamela, I definitely agree in terms of the reality of free markets. I wonder though, do you think that those that laud the free market are actually just ignorant or do you think that they are purposefully deceiving others? Or perhaps a little of both?<br /><br />Perhaps we've hit on the real "inconvenient truth" here.<br /><br />Thanks for the re-posting permission, I'll definitely do so.MetaPortnoreply@blogger.comtag:blogger.com,1999:blog-556713479555791348.post-33879754091451985012009-04-28T16:41:00.000-07:002009-04-28T16:41:00.000-07:00- Economics-wise there is certainly a large discon...- Economics-wise there is certainly a large disconnect between the static models taught in schools, and that which takes place in the real world..<br /><br />Like most valuable lessons, I learned that the hard way. It took many years of working in banking and finance before the disconnect was something that I could understand in a broad context. <br /><br />Newsvine has also helped tremendously in finding others who know more or can add views that help create a bigger picture of how the world really works. I think the biggest issue for me was accepting the idea that free markets exist only in small segments of the economy and the global players make their own rules that distort and defy what we are taught in economic theory.Pamela Drewnoreply@blogger.comtag:blogger.com,1999:blog-556713479555791348.post-66248331435544751932009-04-27T19:00:00.000-07:002009-04-27T19:00:00.000-07:00I agree with you wholeheartedly Pamela. Thanks for...I agree with you wholeheartedly Pamela. Thanks for the excellent feedback.<br /><br />The economic complexity that you allude to is indeed part of what I was trying to address with the Transpolar model.<br /><br />Economics-wise there is certainly a large disconnect between the static models taught in schools, and that which takes place in the real world (which you aptly pointed to a few examples of). <br /><br />It's my belief that as large as this disconnect is, there is an even larger chasm when looking at the interaction of the nation and its economy.MetaPortnoreply@blogger.comtag:blogger.com,1999:blog-556713479555791348.post-40545229741705892692009-04-27T18:58:00.000-07:002009-04-27T18:58:00.000-07:00Great thought provoking piece, thank you.
It wil...Great thought provoking piece, thank you. <br /><br />It will help if we stop consolidating the power and control of information in the same few hands on Wall Street. <br /><br />It would be interesting to see a global map detailed in terms of the economic powers that have stakes in each area. While divisions continue to be defined in terms of Nations, the better measure is in terms of global strength and ownership.<br /><br />When a country exports something it is really revenue for a corporate entity and those figures never seem to be reflected. We do need new definitions but new accounting to reflect the reality of the monetary flow is an essential component.<br /><br />For more than 15 consecutive years, Cargill in Argentina has been distinguished as the leading agribusiness exporter in the country. Does this help Minnesota where they have their HQ or Argentina where the exports become part of the GDP? Who benefits from this and does the operation of a US corporation deliver benefits to anyone but the investors?Pamela Drewnoreply@blogger.com