Why the rich fear globalisation
Published by Yazad Jal January 24th, 2004 in EconomicsSurjit Bhalla calls a bluff. Globalisation is more frightening for the middle class in the first world who have seen their incomes plateau.
He takes a look at growth rates of per capita income both pre and post globalisation and makes a simple hypothesis pitting the first world’s Mary with a third world Sita.
The leaders and operators of the anti-globalisation movement are the formerly colonising rich whites, who, as per their heritage, need non-white intellectuals as their disciples and followers. If the intellectuals were to argue for Mary’s relative enrichment, they would be honest and would be constructive towards finding a better future for all, rich and poor. But such sentiments do not befit a ‘Left-intellectual’.
Yazad, i’m up and running with a modest blog. Do pay a visit when u r free..! good going..