Liberal Democracy (was Robert Mundell: Genius unbound)

Enrique Diaz-Alvarez enrique at ee.cornell.edu
Sat Feb 26 07:36:33 PST 2000


Yoshie Furuhashi wrote:


> >From Enrique to Ted D.:
> >> Where would we be without all that cheap oil, cheap metal,
> >> cheap coffee, etc.?
> >Well, that's what I am trying to figure out.
>
> Can capitalism continue to exist if North America, Western Europe, and
> Japan were to be totally delinked from the rest of the world? I doubt it.
>

Why not? Europe thrived through the 50's, the 60's, the 70's...when, short of oil, it was fairly delinked from it, at least economically. And oil would not have been all that hard to replace: more public transportation, more coal, gas and nuclear power.

Enrique



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