Monday, January 28, 2008

Gasta , Fidel Castro "Globalisation:the new atomic bomb"

In an interview with The New Yorker magazine in 1999 Fidel Castro said that "Globalisation was the new atomic bomb" we here at Gasta HQ had a debate at the time about what that he could mean, we thought it might be a statement about the enviroment or an isolationist nightmare, but what is now apparent is that Fidel Castro was talking about the big bang of communication. Information is now spread so fast across the globe that a blip on the economic markets in Asia/Europe or one of the other 'emerging markets', can cause a nerve jangling pulse in the market worldwide, everybody is watching everything! We in Belfast are famous for our corner boy politics, now we have our corner boy economists and doomsayers! The recent credit cruch is a typical example of the 'rush to fear'; financial journalists and the media as a whole have been quick to deny any cause and effect of their reports, but every force has an opposite and althought the media may not have meant to start a run on the Northern Rock, they did! Is this the new atomic bomb that Castro predicated? Can modern communication cause widespread panic and fear at such a fast pace that the shockwave hits us all at once?

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