In reality, what mobile global capital has done is to massively enrich the 1% and to massively increase inequality while at the same time rendering the lives of millions of people incredible insecure, not only in terms of public services, but also in terms of employment and rights….To my mind, globalization is first and foremost the detachment of markets and capital and money from the oversight of regulatory democracy. That way financial markets can avoid regulations and any of the friction involved in, for example, paying taxes where they make profits.
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