The defining economists of the globalization system are Joseph Schumpeter and Interl chairman Andy Grove, who prefer to unleash capitalism.

Schumpeter, a former Austrian Minister of Finance and Harvard Business School professor, expressed the view in his classic work, Capitalism, Socialism and Democracy, that the essence of capitalism is the process of "creative destruction"--the perpetual cycle of destroying the old and less efficient product or service and replacing it with new, more efficient ones. ndy Grove took Schumpeter's insight that "only the paranoid survive" for the title ofhis book on life in Silicon Valley, and made it in many ways the business model of globalization capitalism.

To paraphrase German political theorist Carl Schmitt, the Cold War was a world of "friends" and "enemies." The Globalization world, by contrast, tends to turn all friends and enemies into "competitors."