Question

In: Economics

10) According to the Economist special report, what is the phenomenon of the “gated globe?” How...

10) According to the Economist special report, what is the phenomenon of the “gated globe?” How is this phenomenon evident in finance, capital movements, trade policy, (and other policies you can consider). What are some of the causes of the “gated globe?”

Solutions

Expert Solution

The article is based on the usual, major human misunderstanding: that we are in complete control.
It does not matter that the daily events of the deepening crisis show otherwise, it does not matter that even the very institutions we ourselves created and built on our own laws and principles are slipping through our fingers, we still maintain this belief that humans are above the system they exist in and can decide whatever they want to do.
We have been living in an artificial illusion and now we have to wake up.
For example globalization is not man made, man controlled it is an evolutionary phenomena we are part of.
Humanity is part of the vast natural system we evolved from and we still get all our "inventions", "breakthroughs" and sustenance from, and all the laws and principles maintaining the general balance and homeostasis of the natural system are binding for us too.
Thus our excessive demand based constant quantitative growth economy and its serving social system has no right to exist, and this is exactly we are realizing today in a rude awakening.
We are not leading, dictating, choosing here, what we need to do is finally to adapt.
We need to rebuild human society from social structures to economy in a way that fits into the underlying natural system seamlessly.
In a global, interconnected world we have to start mutually cooperating not in order to fulfill ourselves with maximum reward, profit at the expense of others, but primarily to safeguard the optimal function of the global, integral whole.
And instead of an excessive, artificial consumer economic model we have to start living within the boundaries of natural necessities and available resources.
This is not even a free choice as either we adapt by conscious, and proactive action here and now, or we will be forced to do so with more and deeper crisis and a very unpredictable and volatile transitional period.
Our free choice is basically whether we do it ourselves in a conscious manner becoming aware partners with the system, or we let the natural forces and evolution to "guide" us.


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