Friday in appreciation, volume II

The In Appreciation for this week goes not to a person, but to the economic force known as Capital Flight. Wikipedia defines it accurately as

when assets and/or money rapidly flow out of a country, due to an economic event that disturbs investors and causes them to lower their valuation of the assets in that country, or otherwise to lose confidence in its economic strength. This leads to a disappearance of wealth and is usually accompanied by a sharp drop in the exchange rate of the affected country (devaluation).

Modern technology makes it easy to move money from one country to another; giving an immediate cost to bone headed economic decisions and plundering. For examples, think of governments defaulting on debts and anything that has happened in Zimbabwe over the past few years.

So Capital Flight, for enforcing some degree of fiscal and monetary responsibility on the governments for the world, you get my second Friday In Appreciation.