It started with a backlash against globalisation that took two forms: economic and cultural. The economic backlash was straightforward. The poor and the unemployed in the developed world began to feel that they had no stake in the globalised system, and demanded to know why their governments’ policies benefited people in faraway lands such as China and India with what used to be their jobs. They wanted to reduce the growing inequality in every “developed” economy and go back to the security of older, more familiar economic ways, in which each generation assumed they would earn more and live better than their parents did. (Read More)
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