Tuesday, July 12, 2016

People First--Corporations and Globalization Second

Proponents of globalization often use the argument that lowering trade barriers will make everyone better off. While that may possibly be true in aggregate, it is manifestly untrue with respect to individuals. Our stance should be: No expansion of globalization without dealing with the likely impacts on our citizens. In particular, international agreements should be entered into with the intent to make people better off, not corporations. The participation of corporations in forging such agreements should be strictly limited.

Here's Larry Summers with a very good analysis of how every country should go about addressing globalization.

Responsible nationalism.

No comments: