In this global mess known as the interdependent world economy,
one thing is certain – fantasy trumps substance. How else to explain what goes
on daily in the financial markets, in the corporate board rooms or on the
streets where you live. Prosperity is an illusion. Wealth is not the same as
an efficient model of affluence creation. Practical economic commerce by
definition requires sensible business transactions, meaningful production
endeavors and consistent stability in financial marketplace exchanges. There is
never a guarantee of success or profit. Notwithstanding, to establish an engine
of economic generation, the core principles of trade must be employed. Savvy
observers of the marketplace recognize that the fundamentals of business are
virtually absent in the transactions that pass for international trade. Even
worse, domestic commercial activity suffers from an occupational hazard that
pays no compensation. That peril is the lack of viability.
Read the entire essay from the Global Gulag archives
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