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BUSINESS |
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By AM, 31 March 2012
Thesis: Communication globalisation fosters social localisation.
Argument: Every action is accompanied by a reaction, ipso facto globalisation is accompanied by localisation.
Evidence: A cartel of giant banks continues to dominate the global economy and continues to hold down the economies of all but their own, a fact so obvious that the big-lie of free-markets is best for all is no longer saleable as a consumer ideology.
Some sections of the banking industry are now seeing Wall Street's, The City/London's, The Chinese Government's Banks... increasing power as difficult to
 control because they have the money/power to resist the pressures of government regulation and even create government legislation.The USA's Dodd-Frank act for instance, that was supposed to control Wall Street leaves TBTF [too big to fail] entrenched. The Dallas Federal Bank argues that the Central Federal Bank's easy money policy can't be much help
to the U.S. economy as long as Wall Street is "still clogged with toxic assets accumulated in the boom years." According to the Dallas Fed the answer is "breaking up the nation's biggest banks into smaller units." In a word, localisation.
The most energetic social activity is personal, both in social life and in the establishment of a business as the core economic option of the era.
Hypothesis: Every level of socialisation, from childhood education to commerce and governance will become reduced in size and ever more sharply focussed in scope.
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