Just read this sad story of an indebted family stuck in Dubai. There must be quite a few like him. Globalization has create more opportunities but with it had come many unfamiliar dangers catching many unaware. Closer to home we had the Lehman minibonds debacle. On the surface they appear as two separate issues but they are both the outcomes of liberalization.
There are some lessons we only learn by making mistakes. E.g., seat belts had to come many years after automobiles were made, and after many tragic and unnecessary deaths. In the meantime you just have to look after yourselves.
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