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laodan discovered this in Economics
•1 reviews since Mar 31, 2008
worldviews
•nytimes.com/2008/03/31/opinion/31cohen.html
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laodan discovered 7 weeks ago- The Baton Passes to Asia in The NYT by Roger Cohen and in Times by Michael Schuman
It's the end of the era of the white man. For years, Americans have reveled in profligate, load-up-the-back- of-the-SUV-at-Target excess, much of it paid for by credit cards, home equity or other loans. The binge has produced some supposedly healthy economic growth and provided everyone lots of nice stuff. But now debt collectors from around the world are knocking. That's why today's turmoil in U.S. financial markets will end in a massive transfer of wealth from America to the rest of the globe. The Baton Passes to Asia America's Coming Garage Sale At long last the established media comes to the realization that globalization brings about the end of Whiteman's economic dominance. But the real significance of the end of Western dominance has still not sunk in the conscientiousness of Western intellectuals and the opinion leaders who diffuse theirs ideas. The end of our Western economic dominance implies the loss of our cultural hegemony and our gradual adoption of the value system and cultural traits of the nations that are gaining economic dominance. That means that the coming years and decades will be marked by: - a gradual ending of Laissez-Faire economics and a new phase of state interventionism. - the gradual adoption, by all the citizens of the world, of the values and cultural traits of the nations that assert their newly gained economic dominance. - the gradual emergence of a "worldwide worldview" that will glue the citizens of the earth through the sharing of a common understanding of reality that will be far apart from the dualism of the religions of the word. - This "emerging worldwide worldview" will displace modernity to the dustbin of history and bring answers and solutions to the numerous side-effects of modernity as well as the peaking of numerous resources... that are starting to be felt nowadays I have the feeling that the answers provided today by the most conscientious Western thinkers, to the numerous side-effects of modernity and the peaking of resources, are short-sighted and wrong. This is not the end of the world and the solution is also not related to a technological miracle. The problem is that they close their eyes to the rest of the world and are thus digging ever deeper into irrelevant postures. Western intellectual solutions to the problems of modernity will definitively not be adopted by the rest of the world but the culture and values of the rest of the world will definitely impose themselves on all...
- The Baton Passes to Asia in The NYT by Roger Cohen and in Times by Michael Schuman
