Okay trade across borders will produce imbalances
The global system has to maintain local full tilt social production despite local trade deficits
Forex alone is not enough
Localities need global funding for fiscal deficits as well as trade deficits
Since total surplus equals total deficits
But the system will not self rectify along an optimal path
The corrections must come by overt global action
And unfailing system wide local cooperation
So long as MNCs profit thru dynamic gaps ....
We have a structural contradiction eh !
