in part 1 of our interview with dr. john
ralston saul he told us about the
reasons behind the collapse of globalism
hi I’m Rebecca Brayton and welcome to
watchmojo.com and today in part two of
our interview this world-renowned
political philosopher tells us if there
is in fact a solution to a global
financial crisis when you’re in a
difficult situation the right thing to
do is to step back and try to understand
the context what is the shape of the
problem if you can get a handle on the
real shape of the problem you can do
something about it if you don’t step
back and say okay how does trade
actually work are there other ways of
thinking about trade as opposed to free
trade versus protection so maybe there
are other options here maybe we have to
think about production in a different
way maybe actually maximizing production
is not really a terribly useful thing in
the current world system where we can
create surpluses in three seconds you
know Chinese can create a surplus
production for anything you want so what
is maximizing production mean we have to
rethink all this stuff of course people
are terrified to rethink things in the
middle of a crisis but you know if you
can’t do it in the crisis waiting to do
it people who are calling for you know a
regulated international manage money
market our financial markets are right
we need to do this we need to do this
really fast before this we were headed
for probably regionalism you’re there
already all the signs of the returns of
rather old-fashioned protectionism stuff
either this crisis will actually
accentuate the regionalism or it might
actually lead to something different
which there is the possibility of a new
kind of internationalism some people who
talk about global something they keep
redefining themselves by the second
globalism is a certain idea of
deregulated international market places
once you move away from that it’s no
longer globalism it’s another form of
internationalism or regionalism her
nationalism or whatever and and you know
we might if we were really lucky get a
kind of interesting new form of
internationalism because of the crisis
the moment here where where people say
what do you do in a crisis
well some of the stuff you do is really
old-fashioned you got to keep the
economy going but that means you got to
shove the money in to the places where
people do things you don’t shove the
money at the top I mean it is absolutely
fascinating that people who for 30 years
have said they represented individualism
and competition now say the best thing
to do is to shove billions of dollars in
at the absolute top and hope it trickles
down in other words what they’re making
is the sort of 18th century aristocratic
argument if we give money to the juice
the Jukes will ensure that the peasants
receive a percentage of it this is so
out of it I mean so unmod earn it’s
worth making fun of that to actually
allow us to say self wait a minute why
are we putting billions of dollars into
the dot this makes no sense at all
ralston saul he told us about the
reasons behind the collapse of globalism
hi I’m Rebecca Brayton and welcome to
watchmojo.com and today in part two of
our interview this world-renowned
political philosopher tells us if there
is in fact a solution to a global
financial crisis when you’re in a
difficult situation the right thing to
do is to step back and try to understand
the context what is the shape of the
problem if you can get a handle on the
real shape of the problem you can do
something about it if you don’t step
back and say okay how does trade
actually work are there other ways of
thinking about trade as opposed to free
trade versus protection so maybe there
are other options here maybe we have to
think about production in a different
way maybe actually maximizing production
is not really a terribly useful thing in
the current world system where we can
create surpluses in three seconds you
know Chinese can create a surplus
production for anything you want so what
is maximizing production mean we have to
rethink all this stuff of course people
are terrified to rethink things in the
middle of a crisis but you know if you
can’t do it in the crisis waiting to do
it people who are calling for you know a
regulated international manage money
market our financial markets are right
we need to do this we need to do this
really fast before this we were headed
for probably regionalism you’re there
already all the signs of the returns of
rather old-fashioned protectionism stuff
either this crisis will actually
accentuate the regionalism or it might
actually lead to something different
which there is the possibility of a new
kind of internationalism some people who
talk about global something they keep
redefining themselves by the second
globalism is a certain idea of
deregulated international market places
once you move away from that it’s no
longer globalism it’s another form of
internationalism or regionalism her
nationalism or whatever and and you know
we might if we were really lucky get a
kind of interesting new form of
internationalism because of the crisis
the moment here where where people say
what do you do in a crisis
well some of the stuff you do is really
old-fashioned you got to keep the
economy going but that means you got to
shove the money in to the places where
people do things you don’t shove the
money at the top I mean it is absolutely
fascinating that people who for 30 years
have said they represented individualism
and competition now say the best thing
to do is to shove billions of dollars in
at the absolute top and hope it trickles
down in other words what they’re making
is the sort of 18th century aristocratic
argument if we give money to the juice
the Jukes will ensure that the peasants
receive a percentage of it this is so
out of it I mean so unmod earn it’s
worth making fun of that to actually
allow us to say self wait a minute why
are we putting billions of dollars into
the dot this makes no sense at all
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