Comments by "Nattygsbord" (@nattygsbord) on "Empathy for Laci Green and Why I Am Not a Social Justice Warrior" video.
-
Globalization rests on shaky pillars. Unlike national markets, which tend to be
supported by domestic regulatory and political institutions, global markets are only weakly
embedded. There is no global anti-trust authority, no global lender of last resort, no global regulator,
no global safety net, and, of course, no global democracy. In other words, global markets suffer from
weak governance, and are therefore prone to instability, inefficiency, and weak popular legitimacy.
1