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So the activities with high added value will rather be relocated in these future zones of hegemonic stability, right? Sacré Cochonnet, always so logical! We just had to look for these areas to find out who would benefit from them. Hold on, mate, I’m the pilot
As people keep talking to me about relocations, and my friend Cochonnet – still keen on economics – still had not given me a satisfactory answer, I resolved to go and see him again. I was going to end up making him spit it out!
I found him by the fireplace, the charentaise at his feet, rereading the works of Charles (Charlie) Kindleberger. The fire crackled softly, the atmosphere was peaceful: all the circumstances were right to finally be able to talk about relocations.
Raising his eyes from his book, Cochonnet looked at me, his gaze vague, the charentaises at his feet: “Firmin, since it seems that we are in crisis, do you even know why some people claim that the 1929 crisis lasted as long? … According to Charlie, it’s quite simple: a global crisis favors the emergence of states which will have sufficient weight and will take measures to end the crisis. Charlie also adds that in 1929, it no longer existed: the United Kingdom was in decline, and the United States did not yet have the weight it has today. I was reviewing my crash courses in my head: yes, Cochonnet was good sure talking to me about the famous “theory of hegemonic stability”!
“… And so,” he continued, “if this theory is true, then the activities with high added value will rather be relocated in these future zones of hegemonic stability, right?” Sacré Cochonnet, always so logical! We just had to look for these areas to find out who would benefit from them. Hold on, buddy, I’m the one piloting!
Europe? Cochonnet objected to me that the Eurosystem’s balance sheet, published by the ECB, had multiplied by 3 over 10 years, to reach 5,000 billion euros … I was starting to have a cold sweat, wondering who was okay be able to repay all that. United States ? Come on, let’s not think about it, it is the most indebted country in the world, including to China … In the end, there were only a few left on the table : China, India …
At this point in the conversation, a log was consumed in the fireplace and fell heavily, making a thud. I had my answer, finally!
By Firmin de Montalembert … an anonymous Group purchasing director, who generally conceals his playfulness under a mask of great seriousness
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Read the previous Firmin columns:
Head-to-tail on the Paul Ricoeur circuit
Genesis of a work
Good morning from Uncle Deng
If only Ricardo had had recyclable cotton swabs …
That’s it, I’m relocating!
Our great containment game: Asian-Gallin competition for all!
Sarah Connor: hard to knock on her door during the containment
Small glossary for salespeople
My strategy is bigger than yours
Purchasing: a profession for Little Princes under therapy?
Purchases and additional indirect objects
The origin of the world
The life of great men
Hello doctor: I was afraid of having an STD, I just have a RJ
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