Originally posted by: athithi
Yes. Pretty good book...fairly light reading considering the scope of the subject. But then again, he is a 3-time Pulitzer winner, so what would I know
It did seem like a bit of cheerleading for some unpopular aspects of globalization. Personally, I don't entirely agree that globalization is fait accompli and a lot of Friedman's observations seem to be fenced in with that assumption. That aside, I really enjoyed reading the book and it did make me feel upbeat in general.
Originally posted by: Casawi
Originally posted by: athithi
Yes. Pretty good book...fairly light reading considering the scope of the subject. But then again, he is a 3-time Pulitzer winner, so what would I know
It did seem like a bit of cheerleading for some unpopular aspects of globalization. Personally, I don't entirely agree that globalization is fait accompli and a lot of Friedman's observations seem to be fenced in with that assumption. That aside, I really enjoyed reading the book and it did make me feel upbeat in general.
Is the agreement for out sourcing work to India or China in USD or some other currency. If it is in USD than dollar exchange rate going down is a good thing for America ??
Originally posted by: athithi
Originally posted by: Casawi
Originally posted by: athithi
Yes. Pretty good book...fairly light reading considering the scope of the subject. But then again, he is a 3-time Pulitzer winner, so what would I know
It did seem like a bit of cheerleading for some unpopular aspects of globalization. Personally, I don't entirely agree that globalization is fait accompli and a lot of Friedman's observations seem to be fenced in with that assumption. That aside, I really enjoyed reading the book and it did make me feel upbeat in general.
Is the agreement for out sourcing work to India or China in USD or some other currency. If it is in USD than dollar exchange rate going down is a good thing for America ??
I believe it is USD. I am no expert on economics, but I suppose with the USD going down, US companies would be able to afford fewer services from India and Indian companies would get fewer rupees for services provided - that is, outsourced work could eventually become more expensive. I don't think it will become expensive enough that the comparative advantage will be lost, though.
He said as he posted on a computer made largely of foreign components, bought at a low price thanks to the many benefits of free trade.Originally posted by: Mucho
I hated it! To me it was just Pro Globalization propaganda.
Originally posted by: Jeff7
He said as he posted on a computer made largely of foreign components, bought at a low price thanks to the many benefits of free trade.Originally posted by: Mucho
I hated it! To me it was just Pro Globalization propaganda.
It may hurt a little in the present, but in the long run, everyone benefits from trade, as it allows for efficient utilization of resources.
Originally posted by: IGBT
..the flat earth was a popular scientific "consensus" just a few hundred years ago.
Originally posted by: Jeff7
He said as he posted on a computer made largely of foreign components, bought at a low price thanks to the many benefits of free trade.Originally posted by: Mucho
I hated it! To me it was just Pro Globalization propaganda.
It may hurt a little in the present, but in the long run, everyone benefits from trade, as it allows for efficient utilization of resources.
Most poor countries, however, have not enjoyed much benefit from globalization.
The ideologies and rules of economic globalization -- including free trade, deregulation, privatization, and structural adjustment -- have destroyed the livelihoods of millions of people
Originally posted by: Mucho
Originally posted by: Jeff7
He said as he posted on a computer made largely of foreign components, bought at a low price thanks to the many benefits of free trade.Originally posted by: Mucho
I hated it! To me it was just Pro Globalization propaganda.
It may hurt a little in the present, but in the long run, everyone benefits from trade, as it allows for efficient utilization of resources.
Most poor countries, however, have not enjoyed much benefit from globalization.
The ideologies and rules of economic globalization -- including free trade, deregulation, privatization, and structural adjustment -- have destroyed the livelihoods of millions of people
Text
Originally posted by: Vic
Originally posted by: IGBT
..the flat earth was a popular scientific "consensus" just a few hundred years ago.
No, it wasn't. That's a myth. Greek scientists had proved that the earth was spherical by 300 BC and accurately measured it by 200 BC. Science did continue to accept Aristotle's theory of a geo-centric universe until the time of Galileo, but that was mostly because they lacked the adequate instruments (telescope) for it to be proven otherwise.
Rest assured though, when Columbus left Spain searching for a faster route to the Indies in 1492, he and science already knew for absolute certainty that the earth was round. Hell, at sea, the horizon is only 3 miles away. One can see the curvature of the earth quite easily. Plus, the stars are in different positions in the sky depending on how far north or south one is sailing, which is definitive proof of a spherical earth, and sailors have used the stars for navigation for millenia...
Originally posted by: IGBT
Originally posted by: Vic
Originally posted by: IGBT
..the flat earth was a popular scientific "consensus" just a few hundred years ago.
No, it wasn't. That's a myth. Greek scientists had proved that the earth was spherical by 300 BC and accurately measured it by 200 BC. Science did continue to accept Aristotle's theory of a geo-centric universe until the time of Galileo, but that was mostly because they lacked the adequate instruments (telescope) for it to be proven otherwise.
Rest assured though, when Columbus left Spain searching for a faster route to the Indies in 1492, he and science already knew for absolute certainty that the earth was round. Hell, at sea, the horizon is only 3 miles away. One can see the curvature of the earth quite easily. Plus, the stars are in different positions in the sky depending on how far north or south one is sailing, which is definitive proof of a spherical earth, and sailors have used the stars for navigation for millenia...
..go look at archived maps of the era. All indicated a "flat" earth. some knew otherwise but fought a "consensus" of pop culture scientists who believed otherwise.
Originally posted by: Davegod75
I bought it because it was supposed to be good and it was a bestseller. However, I could only get through 2 chapters because it is all so obvious. The guy has no new or revolutionary ideas. If have haven't been under a rock for the past 10 years you don't need to read it.

 
				
		