Battlefield Economy: Commanding Heights Documentary
Watched a fascinating documentary on PBS called Commanding Heights, about Globalization. The WTO is the controlling subsystem of the World Bank attempting to improve the rules in a particularly chaotic system, the Global Economy. Opponents (world-wide activists) protest on behalf of the poor, who are the victims of economic bubble bursts, or are ignored by the system altogether because they lack representation (i.e. titles to land, identification). The WTO has a tendency to protect wealthy interests, and create rules that funnel money into the U.S. but not to other needy countries. In such a chaotic system, it seems almost impossible to write enough rules that would balance things out.
Labels: economics
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