We live in a global economy, but the political organization of our global society is woefully inadequate. We are bereft of the capacity to preserve peace and to counteract the excesses of the financial markets. Without these controls, the global economy, is liable to break down
About this quote
- What does it mean?
- Global economy lacks adequate political structures to prevent collapse.
- In plain terms
- Our global rules are too weak to handle the global economy.
- What can you take from it?
- Need stronger global institutions to ensure stability.
Where it applies
Putting it to work
Questions to consider
- Who governs global markets?
- How to build trust?
Another view
Sovereignty concerns limit global cooperation.
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