This weeks readings focused on how the interconnection of the worlds economy also allows for economic problems from one nation to effect all nations around the world. This is and issue that I have never really thought about much since it seems that the interconnection of all the worlds economies tends to be a good thing for everyone involved, but in this scenario it tends to be detrimental to many of the world economies. For example to 2008 housing crisis sent America into a recession that collapsed its economy and effected every part of Americans lives, but this then extended out to almost every economy in the world because of how connected this world is, meaning that our economic crash ended up crashing the world's economy. I really believe this makes our world economy very fragile, as one little dip in any major economy can essentially dip the rest of the world with it, so we have to make sure that all the countries are doing okay financially. But this is impossible to maintain all the time and means that we are destined to have a world economic collapse at some point because of one country.
To be completely honest I did struggle to fully understand the TAL episode but here is what I took away. The small guys have to struggle and fight to compete with the giants of the industries, which forces them to either shut down or cut down on proper business practices, leading to worse conditions for the workers. This really limits the smaller guys ability to grow and become a giant leading to fight for power and equality.