EconWatch.com > Why Globalization is Opposed

[Economist's View] Deepak Lal of UCLA gives his theory of why globalization is opposed by the cultural nationalists in the third world and the New Dirigistes in the West: Why globalising capitalism is hated, by Deepak Lal, Commentary, Financial Times (free): Globalising capitalism is opposed by two major groups - the cultural nationalists in the third world, who fear the westernisation it may bring and the New Dirigistes, proponents of the “third way’” in the West who bear the ancient hatred of capitalism on their sleeves. Why this continuing hatred of, and guilt about, a system which promises unprecedented global prosperity?

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http://www.firenewsblog.com [Firenewsblog.com] Fire News Blog: Deepak Lal: In fact that's one of the few parts of the world where the colonial legacy really has left them in a very weak position. Again, going back to this point about political habits, the tribal chiefs were the people who actually maintained order and they made sure that money was not stolen and they were, by and large, quite benevolent, and the only country which was allowed to keep its tribal chiefs was Botswana, partly because there was nothing there, the Brits didn't want to bother to do anything about it.

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