Summers hopes for a new economic internationalism
April 28th, 2008
Lawrence Summers writes:
In a world where Americans can legitimately doubt whether the success of the global economy is good for them, it will be increasingly difficult to mobilise support for economic internationalism. The focus must shift from supporting internationalism as traditionally defined to designing an internationalism that more successfully aligns the interests of working people and the middle class in rich countries with the success of the global economy. This will be the subject of my next column, which will appear on Monday May 5.
Update: His follow-up is now available.
Colman responds to Summers:
He’s unable to break free of the standard economic consensus, but realises that that noise in the distance is the rumblings of the masses slowly coming to the conclusion that the consequences of the way globalisation is being implemented is not in their interest. They’re beginning to get mad, and they’re liable to do dangerous things when they get mad.
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