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The consequences of globalization foreseen 16 years ago

5 May 2010 - 12:41pm — ocrampal

Back in 1994, Sir James Goldsmith had a clear vision of the implications of globalization on advanced economies. Now, 16 years later, his predictions have been confirmed: the middle class in the advanced economies has seen a constant lowering of its living standards, and without change in direction, it will continue to get worse.

The Dropout Economy: I see the signs on the wall. It is happening, and technology drives the change.

16 March 2010 - 11:57am — ocrampal

Interesting article about the evolution of society. It might seem very far fetched and very improbable; personally I see how this is developing and why. And of course, technology has a big role in this:

A sad tale, by Charles Munger (Warren Buffett partner)

25 February 2010 - 12:14pm — ocrampal

This story can be applied to other economies in the world. Unless we dispose of the zombie institutions that are blocking the restructuring of our economies and societies, it will be very hard to come out of the mess we are in.

Also this article, about the widening income disparity, confirms what everybody knows.

The other way around. The US is following Europe's footsteps on this.

10 February 2010 - 1:43pm — ocrampal

This is an interesting article about the impact of unemployment on the American society. Being Italian, I know all too well what is going on:
- less opportunity for new generations coming into the job market
- increased risk aversion (once you get a job, you hold-on tight to it)
- less innovation in the economy because less young people are willing to take risks starting-up companies
- kids competing with their parents and sometimes with they grandparents in the job market

A broader look at our economic future

18 January 2010 - 6:11pm — ocrampal

If you think the financial crisis was created by the housing bubble in the US, then you should probably think better, says Jeff Rubin.

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