Joshua Holland: "The Spectacular, Sudden Crash of the Global Economy" - Alternet

AlterNet's editor and senior writer weighs into the prospects of Eastern Asian countries unable to "decouple" from the Western's unraveling economy.  [Excerpt]  ... For almost 40 years, smooth-talking snake-oil salesmen in well-tailored suits have pitched the wonders of a globalized economy. Politicians and pundits alike insisted that the wealthy states at the core of that worldwide economy could shift labor-intensive production to the poorer countries at the edges, in search of a cheaper pair of hands and less nettlesome regulations, and that ordinary working people would benefit.  ... more