The Grim Realities of Globalisation in the New Millennium

‘Globalisation has been sold as a panacea to the world’s ills but in reality it was not much more than a spurious and fraudulent deception. Martin Wolf, arguably the most influential economics writer in Britain today, confirms this in a piece published in the FT entitled “Capitalism and Democracy: The Strain is Showing”. Wolf says “fixing the economic norms most English-speaking refer to as capitalism will be difficult. But a first step requires rethinking what elites have referred to for three decades as ‘free trade’ or globalisation.”’
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