Wednesday, July 22, 2009

The iPod Global Economy

As the world's economies slowly emerge from the biggest slump in 80 years, this video from uses the iPod to demonstrate that calls from unions and some governments to force people to use the stimulus money (no doubt you have heard them wherever you are) to "Buy Local" (in this case "Buy American") is a misconception - and indeed while we think we are buying products manufactured locally, the truth is the world's economies are so entwined that separating the wheat from the chaff is not as easy as looking at the " Made in..." label.

PS: Besides, when they use sexy bikini-clad women smashing stuff with sledgehammers to explain economics to me, I.. er, have to listen...several times, y'know, to understand it properly.

2 Opinion(s):

Anonymous said...

Which raises the question. Is globalisation a reality or a myth?

Viking said...

Well even though my computer is quite new and have broadband, this vid stops and starts too much for me to watch it!
Globalisation, I think, has always been there, and is not a bad thing, but people need to have the choice to buy local goods. For example, why buy clothing from China when perfectly good stuff is made in SA at around the same price? And quality is definitely an issue.