Better late than never I get to read the 1996 publication from sociologist Manuel Castell's - this one the 2nd edition from 2000. Note the dates - there will be more to come from this book but it is worth quoting at the outset the following from Volume I:
"...the global economy was politically constituted. Restructuring of business firms, and new information technologies, while being at the source of globalising trends, could not have evolved by themselves, toward a networked, global economy without the policies of de-regulation, privatization, and liberalization of trade and investment. These policies were decided and enacted by governments around the world, and by international economic institutions. A political economy perspective is necessary to understand the triumph of markets over governments: governments themselves called for such a victory, in a historic death-wish. .....
Any individual decoupling from the global economy implies a staggering cost: the devastation of the economy in the short term [Iceland?] and the closing of access to sources of growth. ...Barring a catastrophic meltdown of the financial market, the process of globalization is set, and it accelerates over time." pp147
He did not believe it would happen but how prescient.
Agencies as Sensemakers
1 day ago