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Um, it's a new Bretton Woods and a UN with teeth.

We might yet have WWIII, so don't discount  a half decent post-war arrangement.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Fri Oct 10th, 2008 at 08:28:45 AM EST
[ Parent ]
[Migeru's Crystal Ball of Doom™ Technology]

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Fri Oct 10th, 2008 at 08:28:58 AM EST
[ Parent ]
The world is nothing like post WWII today, though. Half the world doesn't need reconstructing like it did then, and there hasn't been large scale depression and misery yet either, at least in the "developed world".

If you're arguing for a system where cooperation arises spontaneously out of self interest (Nash equilibrium), then that's something else.

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$E(X_t|F_s) = X_s,\quad t > s$

by martingale on Fri Oct 10th, 2008 at 08:47:46 AM EST
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No, I'm saying the world has been looking like the 1930's since 2001... Looking like post-WWII might come soon enough.


A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Fri Oct 10th, 2008 at 08:51:53 AM EST
[ Parent ]
Ok, gotcha. I tend to agree with you.

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$E(X_t|F_s) = X_s,\quad t > s$
by martingale on Fri Oct 10th, 2008 at 08:55:18 AM EST
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Provincial infrastructure (like bridges over Mississippi) does need much recovery.  

Cooperation will arise out of sheer terror.

by das monde on Fri Oct 10th, 2008 at 09:07:48 AM EST
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Cooperation will arise out of sheer terror.
There was a lot of terror and cooperation right after 9/11, how long did that last?

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$E(X_t|F_s) = X_s,\quad t > s$
by martingale on Fri Oct 10th, 2008 at 09:19:00 AM EST
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I don't know if this is relevant but the Market in the US  is about to open and the DOW futures are down 400 pts.  Just another day in paradise.

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Fri Oct 10th, 2008 at 09:27:29 AM EST
[ Parent ]
Why do you care about the Dow?

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Fri Oct 10th, 2008 at 09:27:50 AM EST
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Howdy Migy.

Watching CNBC.  LOL.  DOW just opened and its down close to 500 pts already.  Will type more.  Let me enter this.

Just broke 8000.

They tried to assimilate me. They failed.

by THE Twank (yatta blah blah @ blah.com) on Fri Oct 10th, 2008 at 09:37:30 AM EST
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Can the DOW go below ZERO?  Is there such a thing as a negative DOW?

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Fri Oct 10th, 2008 at 09:40:15 AM EST
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Nope. Limited liability and all that.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Fri Oct 10th, 2008 at 09:50:22 AM EST
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Looks like the DOW fun is over for now; well above 8000.

I've seen this shit before.  Will go for my morning walk, take a nap, and then get up to ... WHAT?

Lest we forget, Georgie the Decider will be speaking soon.  Wonder when he'll declare himself ULTIMATE DICTATOR!  We don't need no stinking Constitution or Bill of Rights!

They tried to assimilate me. They failed.

by THE Twank (yatta blah blah @ blah.com) on Fri Oct 10th, 2008 at 09:51:14 AM EST
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nah, as the DOW is negative in itself, a negative DOW is a double negative and therefore something positive.
by mimi on Sat Oct 11th, 2008 at 08:13:21 PM EST
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In the area of mutual cooperation between states to inspect and control their citizens movements, I would say that the increasing trend that started around that date is still holding.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Fri Oct 10th, 2008 at 12:54:54 PM EST
[ Parent ]
Mutual cooperation is not the same as a global regulator. All I'm saying is that we're not likely to see nations agreeing to subordinate themselves to a global decision making body any time soon. After WWII, it only happened because nearly all the players were spent and destroyed.

The best we can (and should) hope for is the kind of cooperation which depends on and is sustained by self interest.

The increased policing cooperation is a case in point: nations do it because they uniformly gain by controlling their own citizens better, not because they are being told to do it, and not because they are working towards a common worldwide goal to catch criminals.

The international finance problems have to be viewed in this light, too.

--
$E(X_t|F_s) = X_s,\quad t > s$

by martingale on Fri Oct 10th, 2008 at 08:33:31 PM EST
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