Thread: Why is it?
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Old 09-28-2008, 02:39 PM
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_Wolf_ _Wolf_ is offline
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Technology is not to blame solely for the economy.

Our world has become globally connected and integrated. Everything is inter-dependent which is why when one economy crashes, all follow suit.

Jobs from America got outsourced to India. Then, they got transferred from India to the Phillipines. Next, they are now going to China. Indian companies are now themselves outsourcing jobs to Poland and Eastern Bloc developing countries. This is the nature of the world. Things don't stay constant. Very soon, I believe (and this is just one theory of many which I have read) the world will have to have a global economy as the interdependence between countries continues to increase.

The reason for the economy crashing (although it hasn't exactly :crashed" and I doubt it will) is because of unregulated false money being created - money which doesn't really exist. This is a large problem.

But to Joker: yes, the world is changing with the coming of the Industrial Revolution in the 1800-1850, a lot of things came into play and the world has come to where it is today. Technology will only get better and better and more and more advanced.
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