Everyday HybridityDr Paul O'Connor
"If you spent US$1 every second, you would spend US$1 million in about twelve days. At the same rate, it would take you approximately thirty-two years to spend US$ 1 billion. Taking this to the next level, US$ 1 trillion would take you 31,546 years to spend!"
(from Manfred B. Steger, Globalization: A Very Short Introduction)
A thought provoking quote…
Ever considered that the terms million, billion, and trillion seem too similar to make much of an impact? Well the above explanation goes some way to distinguishing the enormity of the differences between them all.
Around US $3.98 trillion is the turnover each day in foreign exchange currency markets.
In 2012 US$17.3 trillion dollars worth of merchandise was exported by WTO countries.
"The messages addressed from the sites of political power to the resourceful and the hapless alike present ‘more flexibility’ as the sole cure for an already unbearable insecurity - and so paint the prospect of yet more uncertainty, yet more privatization of troubles, yet more loneliness and impotence, and indeed more uncertainty still. They preclude the possibility of existential security which rests on collective foundations and so offer no inducement to solidary actions; instead, they encourage their listeners to focus on their individual survival in the style of ‘everyone for himself, and the devil take the hindmost’ - in an incurably fragmented and atomized, and so increasingly uncertain and unpredictable world."