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Los Angeles, California, United States
The blog 'Breaking Bread' is for a civil general discussion, like you might have at the dinner table with guests. The posts 'Economics Without the B.S.' are intended for a general audience that wouldn't have to know the difference between a Phillips Curve, a Laffer Curve, or a Cole Hamels Curve. Vic Volpe was formally educated at Penn State and the University of Scranton, with major studies in History, Economics and Finance, and Business; and, is self-educated since by way of books and on-line university courses. His practical education came from sixty years of work experience in the blue-collar trades as well as a white-collar professional career -- a white-collar professional career in production and R&D. In his professional career and as a long-haul trucker, he has traveled throughout the lower forty-eight. From his professional career alone he has visited many manufacturing plants in the United States, Europe and China. He has lived in major metropolitan areas and very small towns in various parts of the United States. He served three years with the U.S. Army as an enlisted man, much of that time in Germany.

Sunday, November 24, 2024

Further comments on globalization not working: The Protests.

 Economics Without The B.S.**: 


[**  Double entendre intended.]


I am not going to go into describing the various protests that arose when globalization was in formation in the late 1980s, 1990s, and 2000s; but I will list a few.

While not the first sign of protest, but the first protest that was big enough to draw international attention, and set a stage for further protests and how the future WTO (World Trade Organiation) meetings would be held to avoid crowds, would be the Seattle protest in 1999.

1999_Seattle_WTO_protests

https://en.wikipedia.org/wiki/1999_Seattle_WTO_protests


There was an earlier protest in Europe in West Berlin in 1988, the year before the Berlin Wall came down which would eventually result in the unification of West Germany and East Germany in 1990.

1988 -- Berlin protest against the IMF and World Bank 


Other protests in Europe and internationally:

https://en.wikipedia.org/wiki/Carnival_Against_Capital


And of course, in addition to protests there is the World Economic Forum with annual meetings at Davos.  The founder, Klaus Schwab, is influential and well connected, and able to attract the top luminaries in politics, finance and economics, academics, business, and media to discuss international issues.  While the annual meetings at Davos are just a few days, Mr. Schwab’s organization is at work through out the year.  The WEF has been around since 1971, and if you have been following it they have discussed the same issues/problems over several decades.


World Economic Forum

https://en.wikipedia.org/wiki/World_Economic_Forum



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