Re: Monbiot on the WTO

[Doug Henwood <dhenwood@xxxxxxxxx>]

Patrick Bond wrote:

> So I'm back with Keynes on that 1933 Yale Review citation that Daly likes:
> "let goods be homespun whenever reasonably and conveniently possible".
> Comrades, let's globalise people, not capital...

You're doing the same thing that the IMF-Treasury-Wall Street complex
does - equate trade with capital flows. Keynes said "goods," which
you elide into "capital." And Monbiot was talking about the
cross-border movement of goods & services, not about portfolio
investment.

Could small countries in Africa ever produce a variety of
sophisticated industrial goods? Could even the Netherlands do so on
its own? What level of development do you have in mind with this
homespun model?

Doug