World Financial Structure
The world financial
structure, like it or not, is a big capitalist market. That is correct. There are only a limited number of regulations telling anyone how to invest or what to invest in for the world market. There is no single body forcing one person / country to buy products from another. There are, of course, those governments combined with international banks and organizations that try to enforce some economic policy on another country through economic sanctions, tariffs, International Banking rules, the
United Nations and other similarly worthless attempts at bulling other
countries. Each new attempt to impose some form of international rule meets with the same end result. The imposition is short lived or costs everyone more money. During the time of the imposition other countries who see the market forces clearly take advantage of the restriction to gain a financial foot hold in the region.
The USA is notoriously good at trying to impose their economic will on other countries. Each time they have done so the results have been more damaging to the USA than to the country the impositions were put upon. Even in trying to clean up the air we restrict our own country while failing to secure the agreements from the other countries to do the same, although we do try to get the agreements. We contribute to needy countries while allowing them to sell their mineral rights to other nations. The list of economic mistakes goes on and on.
The problem is this the USA is a country of states. Each state assumes the right to allow their merchants to trade with whom ever they want. Seems reasonable enough. We are a country of free men. Some other countries have investment committees that look forward to the needs of the country to invest in oil reserves, mineral reserves and even offshore human resources.
The USA needs a similar committee that invests for USA businesses while distributing the resource fairly to businesses who manufacture or reside in the USA. Such a committee is counter to our culture and laws. We have needed such laws to protect businesses from the government and aggressive business practices of others. As communications, transportation, and the need for resources not held within the USA, the need to develop an offshore investment committee at the governmental level has become more important. Equally important is a fair way to distribute the resources invested by the governmental committee.
Unfortunately, human nature being what it is I don't see this point as practical even if needed. Having such a governmental committee would lead to graft and corruption on a grand scale.
Laws on monopolies and collusion have been enforced inconsistently. Even when they were enforced they have had little long term positive effect.
A footnote on global markets:
The political structure of each individual country only affects the way the country views the world market. The political structure in the country does not make the global markets any less capitalistic.
|