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If we sum up the promises, mature hopes and unwavering beliefs of our political leaders, business leaders and their spokesmen, countless columnists, think tank writers and parastatals since the late 1980s and 1990s, you will find the following.
The power of the nation-state is declining, and we are accelerating that decline.
Such states as we know them are not particularly useful and tend to wither away.
In the future, power will be in the hands of the global market. The free market.
Therefore, it will be economics, not politics or the military, that will determine human events in the future.
Freed from the constraints of national interests and restrictive regulations, the global market will gradually establish a global economic balance.
Through this new balance, humanity, and New Zealand in particular, will be freed from the eternal problem of boom and bust cycles.
Such a market will give rise to a boom in international trade, leading to sustained economic growth.
This tide will lift all the ships of the world, including those of the poor.
The resulting prosperity will allow oppressed people to transform dictatorships into democracies.
These democracies will no longer have the power of the old nation-states, which is a good thing because it means the demise of irresponsible nationalism, racism, and political violence.
The sheer size of these transnational markets will require ever-larger companies. Their size will insulate them from the risk of bankruptcy. This will make the world more stable. They will become like virtual nations, completely immune to the biases of individual sovereign governments.
As the balance of power between corporations and the state realigns and new conditions for optimal healthy governance emerge, we will see the emergence of debt-free governments. Neither the market nor the rest of society will tolerate any reduction in debt.
We will pursue our collective interests through the market and achieve prosperous and happy lives.
The old cycle of history will be broken.
If New Zealand can follow these regulations more strictly and faster than other countries, then our dominance of the dairy and meat product markets will allow us to truly dominate these particular markets, and New Zealand will be richer for it than people can imagine.
In 2024, we should ask which of the above statements is correct.
There is plenty of evidence.
Because there have always been, and always will be, alternatives to choose from.
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