For years we have been talking about globalization and the fact that the world is flat.
Let's wake up. What we are experiencing in the US is the effect of globalization. Globalization is here. It is not an abstract concept. The sad truth is that our country was not ready for it. We thought we could make it. We are not.
Let me say this again. The relentless decline of the dollar is the testimonial of this simple truth. Furthermore, its weakness will hinder the capacity of American business to invest and expand overseas where the opportunities are.
I do not want to sound critical of the American people. I am critical of our leaders who did not prepare us to this momentous event.
More on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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