Dambisa Moyo on Globalization
Budding public intellectual and critic of foreign aid, Dambisa Moyo says the promises of globalization have not been realized. The Independent interviews the economist.
Globalization may not have been as beneficial to the average Westerner as promised. And I would say housing is probably one of the main reasons we are seeing this. Real wages didn't actually rise. Instead the people who hold labour actually got more access to debt and that debt was essentially diverted towards housing. So look at the portfolio of wealth in the United States—30 per cent plus of American's income over wealth is tied up in housing, so they have not participated in this huge benefit from globalisation. The only Westerners that have benefited from this globalisation are the ones that hold capital, not the holders of labor.
- The exhaustive report is based on interviews with more than 50 people with ties to the company.
Protected animals are feared to be headed for the black market.
Dogs' floppy ears may be part of why they and other domesticated animals love humans so much.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.