Thursday, March 29, 2018

Asher Schechter — “Globalization Has Contributed to Tearing Societies Apart”

In an interview with ProMarket, Harvard economist Dani Rodrik explained where globalization went wrong, how trade agreements serve rent-seeking by politically well-connected firms, and why the only solution to the rise of political populism is an economic populism that reimagines the institutions of capitalism.
There it is.

The options are overhaul or replacement. Of course, the capitalist elite will never get this, and populism will continue to rise and challenge the status quo.

As this process accelerates, the capitalist elite will rely the age-old remedy for domestic dysfunction— war — which focuses the entire attention of nations on survival.
“Globalization Has Contributed to Tearing Societies Apart”
Asher Schechter

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