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Thursday, February 22, 2018

DANI RODRIK POPULISM LATE STAGE GLOBALIZATION

Just one passage:
 
Looks more and more like late stage economic cancer than good economic policy.
 
He discusses its redistributive effects.....looks he says more like taking money from some groups and giving it to others, no real booming, no bullshit lifting of all, or even most, nation states' boats, anymore, in terminal globalization.
 
Let's just call a spade a spade: late stage globalization rips off the mask of the redistributive effects of income convergence for the bottom 99.9%, the 800 pound gorilla in the room of globalization, a mask Piketty wouldn't touch for obvious reasons, because he wanted only to blame the top 1% for being globalist fat cats, while leaving the bottom 99.9% to fend for themselves by tax reform or New Deal welfare programs.

Where would you get the enormous money to pay for a New New Deal? He doesn't talk much about that. He really wants some sort of  global business leader consortium to help all oppressed populares everywhere.
 

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