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Globalization Gap, The: How the Rich Get Richer and the Poor Get Left Further Behind by Robert A. Isaak

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Chapter 2. Time versus Opportunity

 

Our culture leads to an unconcentrated and diffused mode of life.

 
 --ERICH FROMM, The Art of Loving (1963)

Globalization speeds up time, stimulating the rich to concentrate economic opportunities among themselves in order to maximize their own short-term interests. Wealthy nations neglect the fact that their infant manufacturing industries were protected by government policy until they were strong enough to compete in the world.

This is the age of diffuse uncertainty. Information, technology, finance, and energy are diffused so fast that there is no time to think. We feel pressured to act before having the time to systematically break down the uncertainty into risks we can understand in order make rational decisions. ...

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