March 29, 2007
Music, Movies, Microcode, High-Speed Pizza Delivery
Alan Blinder predicts the future of globalization -- think less Tom Friedman, more Neal Stephenson. It's interesting that, for all the controversy his remarks have aroused, he never actually repudiates laissez-faire globalization, he just recognizes that the costs are much greater than advertised. So it's hard for me to see just is so terrible about what Blinder is saying, at least from a neoclassical economist's perspective, creative destruction and all that.