A Global View from the WSJ

Here's more evidence that supports an earlier post:

This competition among governing entities to make their jurisdictions good hosts to business is fostering global economic development in much the same way that it once fostered the growth of the now-robust U.S. economy. As with other organizations, governments need competition to force greater efficiency. It also helps control the natural tendency -- dating back to the larcenous kings of centuries ago -- to pry open the cash boxes of the private sector.

That's why globalization is hated by socialists and other worshipers of state ascendancy the world over. They don't like these constraints but know that the penalty for resisting them is severe. Germany, for example, is facing further massive job losses because its socialist-led government has been too slow to reform laws that protect unions and enforce high labor costs.