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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1004 |
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As countries want to grow, they not only have to put on the Golden Straitjacket, but also join the Electronic Herd (Friedman, 2000, p.113). The Electronic Herd loves the Golden Straitjacket as it keeps a tight reign. Unlike in years before, today there is only one market, the global market. With the combinations of the Supermarkets and the Internet it is just as possible for a mom and pop operation to invest as it is for the big corporations...
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With the combinations of the Supermarkets and the Internet it is just as possible for a mom and pop operation to invest as it is for the big corporations. The herd’s power is that when capital controls in a country are lifted, foreigners can easily come in and by and sell currency, stocks and bonds...
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FRIEDMANS ARGUEMENTS
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