Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Monday, April 18, 2005

Just What the World Does Not Need

What the world does not need now is another religious leader opposed to globalization (from the NYTimes, registration required):

In recent years, however, [papal contender] Cardinal Tettamanzi has began to sound off on issues of poverty and social justice. When protesters went to Genoa, Italy, for the Group of 8 summit meeting of industrialized nations in 2001, he spoke to the crowd on the evils of globalization.
Globalization has done more in two decades to alleviate poverty in developing countries than organized religions did in the previous two centuries. Why is it okay for the Catholic church to have expanded its influence around the world, and now argue that globalization is evil?

Probably because globalization means "markets" and individuals choosing for themselves, which tends to threaten and erode any authoritarian power.

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