And each of these perspectives comes to the same conclusion, which is that our global economy is out of control and performing contrary to basic principles of market economics.
Sentiment: NEGATIVE
Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.
This dilettante notion that the global economy is evil because big corporate leaders make too much money... they do make too much money, but the only way we've figured out how to generate wealth in this world is through the market economy.
Markets are frequently ahead of, and often out of sync with, the economy.
You know, I think of the global economy as an inverted triangle, resting on the shoulders of the American consumer. And if the American consumer cannot have enough disposable income in order to maintain a standard of living that creates more opportunities generation after generation, that's bad for everybody.
None of us has control over the economy, the job market, or anything else in the global sense. But we are 100% in charge of how we respond to challenges that come our way, be it the loss of a job, a career derailment, or some other disappointment.
Instead of saying that globalization is a fact, that it's inevitable, we've also got to demonstrate that while the growing interdependence of the world economy is indeed a fact, it's not uncontrollable.
The long-standing wisdom that everyone wins in a single world market has been undermined. Global trade, capital flows, and immigration are declining.
So, there is enormous instability in the global economy with a shift of winners and losers.
If we are to maintain our position as a global economic leader, we've got to end the govern-by-crisis mentality that sets us back instead of moving us forward.
As discomfiting as it is to both market optimists and policy activists, a certain amount of instability is inherent to the economy.
No opposing quotes found.