Quote:
Originally Posted by tankdriver
You can look back at history to find the 'bad news' about isolationism.
I think the article greatly overstates potential calamity. In most aspects, globalization reduces risk. The financial situation is an exception, but I suspect the global finance markets will be different after recovery.
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Doesn't matter about history. I can google that anytime. My point is that someone who only tells you all the good stuff is pretty much one sided should not be trusted like a politician or a used car salesman. As the joke goes: "How do you know when they are lying?" Answer: When their lips move.
Even if you look at the financial situation and think it is bad, you have to look at it on the whole. You don't simply abandon a strategy simply because it loses this time. If it keeps losing, sure. Otherwise, what do you have for a strategy? A politician's strategy? Wet your finger and stick it up to see which way the wind blows right this minute? If the strategy works for the most part, tweaking it to improve it makes sense. Changing it every time something goes wrong doesn't.