Quoteand the Netherlands that created thriving global trading systems and that was before computers made multicurrency price comparison instantaneous. The bigger barriers to trade aren't the numerical currency differences but the regulatory hurdles, business inefficiencies, and xenophobia. These can be reduced or eliminated without the need for a common currency or fiscal unionThat was the 17th century. NL has profited so much from the introduction of the single currency. QuoteWhere I disagree with Paul is on the issue of "mobility of skills". I don't think that every subunit of a larger geographic unit (or even the world) should be self-sufficient on every skill. In fact, it's mobility of skills that creates and reinforces the complementarities that Paul sees as crucial to successful clubs. I agree qith FrenchX that the bigger challenge for unions such as Europe is people's unit of self-identity. People in the U.S. seem to identify themselves as Americans, first, and as citizens of their state, second. (In fact, I'd bet many put city ahead of state). I'd bet that the reverse is true in Europe. How many Europeans, if asked "where are you from" whilst traveling outside of Europe, will say "I'm from Europe" instead of saying "I'm from Italy, France, Germany, etc."? That tendency for more parochial identities (similar to Paul's point about "values") prevents popular acceptance of the kinds of long-distance wealth transfers and unified law-making that a union needs. Outsourcing vital skillsets has been disasterous (e.g. manufacturing). Mobility of skills is another concept and it is one-way.Quote People in the U.S. seem to identify themselves as Americans, first, and as citizens of their state, second. How does this fit in with Irish-American, Native American etc.??People whose grandpa was born in Ayr still consider themselves Scots.
Last edited by Cuchulainn
on December 17th, 2011, 11:00 pm, edited 1 time in total.