For all the discord over globalisation, virtually everyone agrees on two of its properties. First, globalisation is hard to stop. Second, globalisation makes the world-on balance, at least-more prosperous. The critique of globalisation isn’t that it fails to churn out ever more stuff, but that churning out more stuff has lots of drawbacks, especially given the way the stuff then gets distributed.
These two properties are related: globalisation is almost unstoppable precisely because it is driven by lots of people hell-bent on increasing their prosperity. Nike shareholders want to boost profits by holding down production costs, which means manufacturing overseas.…
Register today to continue reading
You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.
You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.
Prospect may process your personal information for our legitimate business purposes, to provide you with our newsletter, subscription offers and other relevant information.
Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.
Already a subscriber? Log in here