america adrift

“The business press has barely noticed and the usual champions of globalization have been mute, but an announcement last week in Ottawa signaled a radical new direction for the globalized economy. The United Steelworkers — that venerable, Depression-era creation of John L. Lewis and New Deal labor policy — entered into merger negotiations with two of Britain’s largest unions (which are merging with each other next month) to create not only the first transatlantic but the first genuinely multinational trade union.”

The Taqwacores - a novel about a fictitious Muslim punk scene in the US - has spawned an actual movement that is being driven forward by young Muslims worldwide.

This is a “must see” documenary for anyone interested in US agri-business policy, patent law, and environmental policy. You Tube has the entire film available. I recently came across this very interesting related piece in The New York Times Magazine.

Europe has eclipsed the US in stock market value for the first time since the first world war in another sign of the slipping of the global dominance of American capital markets.