"The globalization of the capital market is actually part of economic globalization. This will create a change in the entire world economy, not just restricted to some fields in some countries"
About this Quote
Grasso’s line reads like a calm forecast, but it’s really a sales pitch for inevitability. By nesting “globalization of the capital market” inside the larger umbrella of “economic globalization,” he frames cross-border finance not as a policy choice but as the natural operating system of the modern world. The move is strategic: if capital-market integration is merely a component of a bigger, unstoppable process, then resistance starts to look parochial, even irrational.
The diction does the persuasive work. “Actually” signals correction, as if he’s tidying up a naive misunderstanding: you may think finance is just one sector; it’s the sector that rewires everything else. “Entire world economy” expands the blast radius. He’s not arguing about a technical upgrade to trading floors; he’s claiming a structural shift in how power, growth, and risk travel. That broadness isn’t accidental. When consequences are universal, scrutiny can feel beside the point: who wants to be the person quibbling about “some fields in some countries” while history is supposedly moving?
Context matters. As a business leader tied to the infrastructure of global finance, Grasso is speaking from the moment when deregulation, liberalized capital flows, and faster trading technology were turning markets into a 24/7 feedback loop. The subtext is confidence with a hint of warning: integrate or be left behind, because capital will route around borders. What he doesn’t say is just as loud - that the same channels that spread investment also spread contagion, and the “entire world economy” can change in ways that feel less like progress than exposure.
The diction does the persuasive work. “Actually” signals correction, as if he’s tidying up a naive misunderstanding: you may think finance is just one sector; it’s the sector that rewires everything else. “Entire world economy” expands the blast radius. He’s not arguing about a technical upgrade to trading floors; he’s claiming a structural shift in how power, growth, and risk travel. That broadness isn’t accidental. When consequences are universal, scrutiny can feel beside the point: who wants to be the person quibbling about “some fields in some countries” while history is supposedly moving?
Context matters. As a business leader tied to the infrastructure of global finance, Grasso is speaking from the moment when deregulation, liberalized capital flows, and faster trading technology were turning markets into a 24/7 feedback loop. The subtext is confidence with a hint of warning: integrate or be left behind, because capital will route around borders. What he doesn’t say is just as loud - that the same channels that spread investment also spread contagion, and the “entire world economy” can change in ways that feel less like progress than exposure.
Quote Details
| Topic | Investment |
|---|---|
| Source | Help us find the source |
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