Scott,
I'm only now getting around to catching up on your blog, and I've only
gotten partway through, but I thought I'd point out a weakness in the
article you commented on (From London to Bombay by Chris Gentle). A large
part of the reason for Europe's job loss is the over-regulated welfare
state that European countries have built on the profits of the post-war
years. Now the chicken is coming home to roost and they're finding that
they can't support their (anti-business) welfare state because attempts to
do so drive out the businesses that provide the money they would use for
said support. The author seems to think that this is an intractable
problem, and perhaps, given the apparent European insistence on being taken
care of by nanny-gov, this is true. However, while globalization certainly
makes the job migration easier, it's not the only factor driving that
migration. Make Europe more business friendly and they'd find fewer jobs
heading overseas.
Jason B.
posted by scott 4:29 AM