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The public discussion over the global economy is symptomatic of America's new pandemic of brainlessness, the mainstream media especially. The head cheerleader, of course, has been Tom Friedman of the New York Times, author of The World Is Flat. Friedman and the rest of the cheerleading squad believe that that the global economy is a permanent institution. Now that it is established, we can only expect more of it. More and better. Forever.
What all these cretins seem to miss is the cold hard fact that today's transient global economic relations are a product of very special transient circumstances, namely, relative world peace and absolutely reliable supplies of cheap energy. Subtract either of these elements from the equation and you will see globalism evaporate so quickly it will suck the air out of your lungs.
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