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At the bottom of all this is the threat of a capital flight away from the western economies. How realistic is the threat, I don't know. Our governments have been fighting people who get residency in tax havens for a long time. Now it seems they're going to have to start fighting the "national champions'" desire to do the same.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Fri Mar 24th, 2006 at 09:25:21 AM EST
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How realistic is the threat, I don't know.


Quite real as long sovereign entities continue to debase themselves by considering private entities as their equals or their superiors.
by Francois in Paris on Fri Mar 24th, 2006 at 02:05:52 PM EST
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