Paul Krugman, like most of the elite of the empire and the most favored minions, focuses on the benefits as positive externality while ignoring the considerable negative externality.
The question now is whether the world is ready for a cooperative system that provides the benefits that empires have provided in the past without the negative externalities associated with empire. This is the "case for concerted action."
The Case for Concerted Action
Paul Krugman, Empire Man
V. Ramanan
The Case for Concerted Action
Paul Krugman, Empire Man
V. Ramanan
4 comments:
Great points.
Rocket man burning out his fuse up here alone
Empire man grasping at the laurel, whose leaves have long since blown away.
Thanks, R. Cuts to the chase.
In fact, capitalism in general works by capitalizing the gains and socializing the associated negative externality.
Empire is just an added feature (for capital) and not a bug that can be fixed by squashing it.
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