"The church of global free trade, which rules American politics with infallible pretensions, may have finally met its Martin Luther." A thorough summary in The Nation of the brilliant but ignored Global Trade and Conflicting National Interests by Ralph Gomory, former IBM Senior Vice President for Science and winner of the National Medal of Science. His heresy? Arguing, with supporting technical and economic data, that multinational corporations and their home countries have divergent interests in shipping skilled labor and advanced technologies overseas, and that this "divergence" is a net negative for the American economy and the American public. Globalization, he argues, has its losers, the United States paramount among them.
posted by Pastabagel on Apr 20, 2007 - 76 comments