But cheap energy is not going to last forever. Peak oil may be a liquid fuels problem (which in and of itself causes major problems for transport), but the days of really cheap energy is probably counted anyway.
The question is, will we get a global government before increasing transport costs forces a relocalisation of the economies? A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
Goods depend on value, luxury items (which is bought for status) has always been traded from afar. But it will make no sense that fish-sticks in my store has traveled around the world first.
Capital, ay there is the rub. For what is capital? In some sense - and possibly the most destructive one in decapitalising economies - it is goods. And thus what applies to goods applies to this capital.
But it is more, the means of production and all of that. Knowledge, skills, social relationships. But can the worlds economies be ruled from a tax paradise in the bahamas connected with high speed communications? A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
