<story><title>Global capital is the tail that wags the U.S. economic dog</title><url>https://carnegieendowment.org/publications/82847</url></story><parent_chain></parent_chain><comment><author>snake_plissken</author><text>Along the lines of this article, there&amp;#x27;s the dilemma&amp;#x2F;contradiction faced by modern globalisation in that money can move much faster and more freely than labor.  In previous iterations (late 1700s, 1800s and the first few decades of the 1900s) labor and money moved at basically the same speed: as an investor, your capital (gold&amp;#x2F;silver, then whatever money instrument replaced it) took the same boat&amp;#x2F;train&amp;#x2F;carriage as labor.  This had a moderating effect, and the system was able to almost always equalize itself in terms of trade and investments flows.</text></comment>
<story><title>Global capital is the tail that wags the U.S. economic dog</title><url>https://carnegieendowment.org/publications/82847</url></story><parent_chain></parent_chain><comment><author>mdnahas</author><text>Ideally, global savings would go to help industrialize poor countries.  However, investors are usually scared that they will not get their money back.  Either because of corruption or &amp;quot;nationalization&amp;quot;.  Thus, investors are likely to choose a less productive use in a country with strong rules to reward investment.</text></comment>