Global Capitalism: The Suicide Version
29 March 2009
By William Pfaff
“The globalization of the international economy launched by the United States as an accidental policy of the Clinton administration has since been much lauded as benefiting (some of) the poor of the world by drawing them into the international capitalist system. This is not actually what it was designed to do.
It has proved, like the god Janus, to have two aspects. The second face now has been revealed. Economic globalization has, as its second result, impoverished (some of) the rich of the world.”