On Jul 11, 2008, at 4:54 PM, Eric wrote:
>> Are we now ruled by an international elite that has left national
>> borders far behind?
>
> People do, but how can anyone actually believe this? Aren't all
> stock markets segmented along national borders? Don't currency
> traders make money from national differentials? Aren't decisions
> about production made with national wage differences in mind?
> Saying "the elite" have left the nation behind is arguing from
> patriotism, Ron Paulism.
I agree with the last part, but it's just not empirically true that the U.S. or any other First World elite has effectively transnationalized itself. I dunno, maybe Belgium. But maybe not even them.
Doug