Globalism: Australia out in the cold as three economic blocs form*

The world is separating into three economic blocs, and Australia’s blind faith in free market economics is leaving it without a place in the world, as Pat Byrne reports.A decade ago as communism was disintegrating, Peter Drucker, one the world’s leading business and economic analysts, predicted that the world would evolve into three powerful economic blocs — the Americas dominated by the US and the American dollar; Asia, dominated initially by Japan and the yen; and Europe with Germany at …

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