globalization or globalism is the contemporary economic strategy that
contemporary economic strategy that
contemporary economic strategy that maintains the world marketplace should
maintains the world marketplace should
maintains the world marketplace should be free of local national or regional
be free of local national or regional
be free of local national or regional limits hi I’m Rebecca Brayton and
limits hi I’m Rebecca Brayton and
limits hi I’m Rebecca Brayton and welcome to watchmojo.com and today in
welcome to watchmojo.com and today in
welcome to watchmojo.com and today in part one of our interview with dr. John
part one of our interview with dr. John
part one of our interview with dr. John Ralston Saul this author and essayist
Ralston Saul this author and essayist
Ralston Saul this author and essayist discusses what fueled his 2005 book the
discusses what fueled his 2005 book the
discusses what fueled his 2005 book the collapse of globalism and the
collapse of globalism and the
collapse of globalism and the reinvention of the world in 1999 I was
reinvention of the world in 1999 I was
reinvention of the world in 1999 I was in Australia and I had a meeting with
in Australia and I had a meeting with
in Australia and I had a meeting with the head of the Reserve Bank of
the head of the Reserve Bank of
the head of the Reserve Bank of Australia and I came out of there and
Australia and I came out of there and
Australia and I came out of there and that night I gave a speech on national
that night I gave a speech on national
that night I gave a speech on national television and and in the middle of
television and and in the middle of
television and and in the middle of speech I said you know I think
speech I said you know I think
speech I said you know I think globalization is on the way out I think
globalization is on the way out I think
globalization is on the way out I think it’s falling apart the wheels are coming
it’s falling apart the wheels are coming
it’s falling apart the wheels are coming off the bus and I gave a whole series of
off the bus and I gave a whole series of
off the bus and I gave a whole series of reasons I think about three years later
reasons I think about three years later
reasons I think about three years later into the cover of Harper’s Magazine in
into the cover of Harper’s Magazine in
into the cover of Harper’s Magazine in the States saying that it was
the States saying that it was
the States saying that it was essentially over and then I wrote the
essentially over and then I wrote the
essentially over and then I wrote the book for collapse of globalism what four
book for collapse of globalism what four
book for collapse of globalism what four years ago now I guess and you know
years ago now I guess and you know
years ago now I guess and you know people were surprised and I’ve been
people were surprised and I’ve been
people were surprised and I’ve been around a while so they felt they had
around a while so they felt they had
around a while so they felt they had some people felt they had to listen and
some people felt they had to listen and
some people felt they had to listen and they were curious I don’t think they
they were curious I don’t think they
they were curious I don’t think they quite believed me you know because
quite believed me you know because
quite believed me you know because there’s really nobody in the economics
there’s really nobody in the economics
there’s really nobody in the economics community who can imagine an alternate
community who can imagine an alternate
community who can imagine an alternate world even the ones who disagree are
world even the ones who disagree are
world even the ones who disagree are inside the logic they’re just editing on
inside the logic they’re just editing on
inside the logic they’re just editing on the edges hey guess what it’s it’s
the edges hey guess what it’s it’s
the edges hey guess what it’s it’s collapsing pretty fast but I think it
collapsing pretty fast but I think it
collapsing pretty fast but I think it already was and I think the problem now
already was and I think the problem now
already was and I think the problem now is that the focus is almost entirely on
is that the focus is almost entirely on
is that the focus is almost entirely on the money markets and the financial
the money markets and the financial
the money markets and the financial system it’s a conundrum because the
system it’s a conundrum because the
system it’s a conundrum because the financial system is the problem is one
financial system is the problem is one
financial system is the problem is one of the big problems it’s like this
of the big problems it’s like this
of the big problems it’s like this gigantic souffle of meaningless money it
gigantic souffle of meaningless money it
gigantic souffle of meaningless money it doesn’t do anything except sort of have
doesn’t do anything except sort of have
doesn’t do anything except sort of have fun with itself you know it’s
fun with itself you know it’s
fun with itself you know it’s pretty self-indulgent but but you know
pretty self-indulgent but but you know
pretty self-indulgent but but you know the British economy has been
the British economy has been
the British economy has been restructured around it all of our
restructured around it all of our
restructured around it all of our economies have been partly restructured
economies have been partly restructured
economies have been partly restructured around it we’ve given up doing all sorts
around it we’ve given up doing all sorts
around it we’ve given up doing all sorts of things on the basis of a delusionary
of things on the basis of a delusionary
of things on the basis of a delusionary misunderstanding that which was that
misunderstanding that which was that
misunderstanding that which was that money is real money isn’t real money is
money is real money isn’t real money is
money is real money isn’t real money is something that makes other things real
something that makes other things real
something that makes other things real and so it’s very big and if you let it
and so it’s very big and if you let it
and so it’s very big and if you let it collapse that has all sorts of
collapse that has all sorts of
collapse that has all sorts of implications it’s going to collapse but
implications it’s going to collapse but
implications it’s going to collapse but if you don’t let it collapse what you’re
if you don’t let it collapse what you’re
if you don’t let it collapse what you’re doing is stabilizing delusion
doing is stabilizing delusion
doing is stabilizing delusion stabilizing inflation and in order to do
stabilizing inflation and in order to do
stabilizing inflation and in order to do that which is what they’re trying to do
that which is what they’re trying to do
that which is what they’re trying to do you you basically have to freeze a lot
you you basically have to freeze a lot
you you basically have to freeze a lot of the rest of the economy in place in
of the rest of the economy in place in
of the rest of the economy in place in an artificial place in order to hold up
an artificial place in order to hold up
an artificial place in order to hold up this ridiculous souffle that’s falling
this ridiculous souffle that’s falling
this ridiculous souffle that’s falling you know they’re trying to inject egg
you know they’re trying to inject egg
you know they’re trying to inject egg whites into a falling souffle it doesn’t
whites into a falling souffle it doesn’t
whites into a falling souffle it doesn’t work right the intellectual cleansing in
work right the intellectual cleansing in
work right the intellectual cleansing in the in the university economics
the in the university economics
the in the university economics departments has been so severe over the
departments has been so severe over the
departments has been so severe over the last couple of decades that even though
last couple of decades that even though
last couple of decades that even though there are some people saying interesting
there are some people saying interesting
there are some people saying interesting things they were nowhere near power and
things they were nowhere near power and
things they were nowhere near power and to get them anywhere near power is
to get them anywhere near power is
to get them anywhere near power is virtually impossible because of all the
virtually impossible because of all the
virtually impossible because of all the gates so you’re seeing that basically
gates so you’re seeing that basically
gates so you’re seeing that basically the advice for change is coming from the
the advice for change is coming from the
the advice for change is coming from the people who created the problem it’s
people who created the problem it’s
people who created the problem it’s ridiculous and even you know Paulson in
ridiculous and even you know Paulson in
ridiculous and even you know Paulson in the United States who will soon be gone
the United States who will soon be gone
the United States who will soon be gone thank God you know he’s one of the one
thank God you know he’s one of the one
thank God you know he’s one of the one of the originators of the problem but
of the originators of the problem but
of the originators of the problem but you know equally will you know Obama be
you know equally will you know Obama be
you know equally will you know Obama be able to find somebody who isn’t one of
able to find somebody who isn’t one of
able to find somebody who isn’t one of the originators of the problem and Prime
the originators of the problem and Prime
the originators of the problem and Prime Minister of Britain who’s being treated
Minister of Britain who’s being treated
Minister of Britain who’s being treated as a hero is one of the originators of
as a hero is one of the originators of
as a hero is one of the originators of the problem
”
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