Do You Think The Euro Is The Beginning Of A World Currency?
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Why should they be left out? There can't be a common currency between 2 nations with such economic disparity-not to mention that mass immigration would make today's seem small.
Why should they be left out? There can't be a common currency between 2 nations with such economic disparity-not to mention that mass immigration would make today's seem small.
One of the purposes of globalization is to merge everybody at a lower level of mediocre than what the "golden age" middle classes of Europe and North America had become used in the 1950s-1990s period.
Those days are over, for better and for worse. Among other things, the economic disparity between the US and Mexico in around 20 years will be analogous to, let's say, the northeast US and a state like Louisiana, or, perhaps, the British mid-lands and London, northern Italy and southern Italy, or how about between Bulgaria or Romania (one day will adopt the EUR) and France, something like that.
Yes, the middle classes of the early industrialized countries were special at one time, but they ain't special no more!
I seriously doubt that this will ever happen even though it might be beneficial for Canada to be linked with our economy. While Mexico would love to be, the average American would not want to have anything to do with it unless, maybe, if the US and Canada got EU on them and forced Mexico to come up to standard.
At the risk of digressing from the original question, the Canadian and American economies are already inextricably linked regardless of the currency. Both countries need each other to stay healthy, economically speaking.
World oil prices have historically been in U.S. dollars, which suggests to some that it would be the obvious candidate for a world currency, but that's changing. Russia, China, Iran and Venezuela are hinting at oil pricing in Euros. In fact, Iraq, under Saddam was moving in that direction, which is the real reason why Bush invaded.
One of the purposes of globalization is to merge everybody at a lower level of mediocre than what the "golden age" middle classes of Europe and North America had become used in the 1950s-1990s period.
Those days are over, for better and for worse. Among other things, the economic disparity between the US and Mexico in around 20 years will be analogous to, let's say, the northeast US and a state like Louisiana, or, perhaps, the British mid-lands and London, northern Italy and southern Italy, or how about between Bulgaria or Romania (one day will adopt the EUR) and France, something like that.
Yes, the middle classes of the early industrialized countries were special at one time, but they ain't special no more!
Yeah that's true. But, I don't want the standards of my country dropped in the feel-good idea of globalization. Call me selfish but I'm not too keen on the idea.
If you talk with alot of western europeans, they are not too happy about the state of their continent. Sure, eastern Europe is recovering, but its western Europe thats paying the bill.
The nation-state is too ingrained in my head to embrace this.
Yeah that's true. But, I don't want the standards of my country dropped in the feel-good idea of globalization. Call me selfish but I'm not too keen on the idea.
If you talk with alot of western europeans, they are not too happy about the state of their continent. Sure, eastern Europe is recovering, but its western Europe thats paying the bill.
The nation-state is too ingrained in my head to embrace this.
I sympathize with you, decafdave, and I think globalization could be managed better, but I have to call it like I see it.
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