Re: Re: Re: Re: Re: Re: 'Anti-globalizationactivists have their facts wrong.' Really?

[Doug Henwood]

Jim Devine wrote:

>right. But whatever "globalization" may mean, my point was that 
>foreign trade is only a part of the story. It's the part that the 
>orthodox economists emphasize, seeming to want to either not talk 
>about capital mobility or to treat it as a form of foreign trade.

Actually, orthodox economists talk a lot about capital mobility, 
don't they? But what exactly does it explain?

>that's too simple. Didn't the Europeans did a lot of ripping of 
>their own domestic wage-setting institutions (a euphemism for unions 
>& welfare-state institutions?) in order to create the Euro, without 
>U.S. prompting?

Yes. But the Euro-elite's project of unification is largely 
homegrown. It doesn't have much to do with "globalization." The 
g-word is used ideologically to create a sense of an external and 
irresistible force, no more alterable than gravity.

Doug