|
|
|
Tsunami-nomics
By Ed Driscoll · January 7, 2005 12:15 AM
· The Future and its Enemies · The Perfect Storm
Jerry Bowyer of Tech Central Station writes about a seemingly bizarre disparity. Last week's tsunami caused an enormous amount of death and distruction (150,000 people killed, and five million more homeless), but it made barely a ripple in the world's financial markets: Tragically, it's because, economically speaking, the people who were washed away were, for the most part, not connected to the rest of the world. They were born, lived and died isolated from the world economy and largely forgotten by it. Their absence didn't affect world markets, because their presence had never affected world markets. Why is this a tragedy? Because if they had been connected to us, I think many of them would still be alive today. If they had spent the last 30 years trading rice or computer programming services or transcription services for dollars, then they would have been able to trade dollars for modern road-building materials, well built buildings and tsunami warning systems.And yet, many on the far left in the US and Europe have been increasingly vocal about not providing these underdeveloped nations such modern infrastructures.
|
Since 2002, News, Technology and Pop Culture, 24 Hours a Day, Live and in Stereo! (And every Saturday on Sirius XM Satellite Radio.) What They're Saying
"Blogger, writer and journalist Ed Driscoll joins me today on Tammy Radio"--Tammy Bruce, May 6, 2006 Navigation
Support the Site
Search
Archives
January 2009December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 June 2006 May 2006 April 2006 March 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005 August 2005 July 2005 June 2005 May 2005 April 2005 March 2005 February 2005 January 2005 December 2004 November 2004 October 2004 September 2004 August 2004 July 2004 June 2004 May 2004 April 2004 March 2004 February 2004 January 2004 December 2003 November 2003 October 2003 September 2003 August 2003 July 2003 June 2003 May 2003 April 2003 March 2003 February 2003 January 2003 December 2002 November 2002 October 2002 September 2002 August 2002 July 2002 June 2002 May 2002 April 2002 March 2002 Etcetera
![]() Bookmark Me! Blogroll Me! ![]()
Syndicate this site (XML)
Powered by
Site design by
|
Copyright © 2002-2008 Edward B. Driscoll, Jr. All Rights Reserved |