Comments by "" (@craigkdillon) on "The Jordan Harbinger Show" channel.

  1. Again, Peter is too simplistic. The current structure of free trade and globalization is ending, or at least changing greatly. HOWEVER -- we CANNOT go back to the pre-WW2 structure. Here is why --- 1. The colonial structures don't exist. 2. National companies no longer exist -- -they are multi-national, and larger than most governments. 3. Internet, global finance, and global conminication. We cannot go back to the isolated countries of the 1930's. 4. Contracts and international law requires some degree of current globalization., 5. The US Navy is no longer the sole guarantor of the current system. Other countries have navies, and they won't want to see the current system end, if they can stop it. India, Italy, UK, France, Austrualia, Mexico, Brazil, etc will do everything they can to keep the current system going. BTW -- who is supplying most of the ships to combat Somali piracy?? It is NOT the US. The current system will transform. It will NOT go back. Exactly what it will look like --- that is the BIG question.
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  2.  @headsofhiphop  Just dismissing my points is not an effective argument. Same with #5.
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  3.  @headsofhiphop  What countries are you referring to?? Can you be specific?
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  4.  @headsofhiphop  Colonial institutions no longer exist. Plus, independent countries will resist being made into colonies. More importantly, international companies would not accept colonialism. And, they won't because their customers won't.
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  5.  @headsofhiphop  Colonialism was not done to benefit the colonized. Colonies were done only to benefit the main country. When countries are starving, they are not good candidates to be colonies. The main reason colonies will NOT happen is that our economy has changed. In the colonial period, wealth came from resources - raw materials. Colonies were established to get them -- furs, tobacco, sugar, spices, etc. Now, wealth is creaed from information processing -- banking, finance, insurance, etc. That is why Ireland is richer than UK on per capita basis. So, no colonies.
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  6.  @headsofhiphop  Of course resources matter. I did not say they didn't. What I SAID was the resources are NOT the prime source of wealth they were in the colonial era. Colonies in the 17th & 18th century gave wealth to their owners by being the source of resources. In the early 1900's, colonies were obsolete. Wealth came from adding value to resources --- that is manufacturing. That is how Germany overtook UK at the time. After WW2, manufacturing was overtaken by information management as the source of wealth. That is how Ireland has overtaken the UK recently. Now, resources and manufacturing are still important. But, there positions in national wealth creation are different.
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