A Quote by Chrystia Freeland
One of the most important political and economic facts of this young century is that capital has been slipping the traces of the nation-state. Business is global; government is national.
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Yet, Puerto Ricos economic convergence and political integration with the rest of the nation is in a state of arrest - even though the island has been within the national borders, political system and customs territory of the U.S. for a century.
Yet, Puerto Rico's economic convergence and political integration with the rest of the nation is in a state of arrest - even though the island has been within the national borders, political system and customs territory of the U.S. for a century.
Companies and capital operate internationally, often beyond the economic reach of any particular nation-state. People are pretty global, too, living lives that freely cross national borders.
Regional currencies will prove the best route to reconciling the economic imperatives of increasing international capital mobility with the political realities of the nation-state.
It is federal, because it is the government of States united in a political union, in contradistinction to a government of individuals, that is, by what is usually called, a social compact. To express it more concisely, it is federal and not national because it is the government of a community of States, and not the government of a single State or Nation.
Regardless of your political affiliation, most people agree that Ronald Reagan was an American icon. He was a president of national significance and for that reason he deserves an honor in the nation's capital.
In my book, the Arab Awakening, I talk about the fact that we have to move from this. All the contemporary ideologies of political Islam have been based on the nation state. The nation state is very problematic but I'm not sure if we have an alternative political model.
Money is an instrumentality of the profit motive and must be issued and backed only by private enterprisers. Economic and political perversities are inescapable while government is admitted to money power. Since all national governments have, up to the present, been money issuing powers we may justly attribute all the economic and political ills of mankind to this single error.
Suffice it to say that Wall Street investors in the drug industries have used the government to unleash and transform their economic power into political and global military might; never forget, America is not an opium or cocaine producing nation, and narcotic drugs are a strategic resource, upon which all of the above industries - including the military - depend. Controlling the world's drug supply, both legal and illegal, is a matter of national security.
The old 20th-century political model of Left vs. Right is now basically irrelevant, and the real divide today is between global and national, global or local. All over the world, this is not the main struggle.
The real issue is control. The Internet is too widespread to be easily dominated by any single government. By creating a seamless global economic zone, anti-sovereign and unregulatable, the Internet calls into question the very idea of a nation-state.
For over a century, popular struggles in the democracies have used the nation-state to temper raw capitalism. The power of voters has offset the power of capital. But as national barriers have come down in the name of freer commerce, so has the capacity of governments to manage capitalism in a broad public interest. So the real issue is not "trade" but democratic governance.
The Fascist State lays claim to rule in the economic field no less than in others; it makes its action felt throughout the length and breadth of the country by means of its corporate, social, and educational institutions, and all the political, economic, and spiritual forces of the nation, organised in their respective associations, circulate within the State.
Capital in the hands of a national government forms a part of the gross national capital.
Twentieth-century welfare state capitalism was historically unique in that national income was split between wages and profits, labour and capital.
I believe - and so do most Puerto Ricans - that the ideas that will prevail in the new century will be those similar to the basic principles of commonwealth, of national reaffirmation, and political and economic integration among the peoples of the world.
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