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The truth is that Trump has a point about globalisation | Larry Elliott

The president’s belief that the nation state can cure economic ills is not without merit Once every three years the International Monetary Fund and the World Bank hold their annual meetings out of town. Instead of schlepping over to Washington, the gathering of finance ministers and central bank governors is hosted by a member state. Ever since the 2000 meeting in Prague was besieged by anti-globalisation rioters, the away fixtures have tended to be held in places that are hard to get to or where the regime tends to take a dim view of protest: Singapore, Turkey, Peru. This year’s meeting will take place in a couple of weeks on the Indonesian island of Bali, where the IMF and the World Bank can be reasonably confident that the meetings will not be disrupted. At least not from the outside. The real threat no longer comes from balaclava-wearing anarchists throwing Molotov cocktails but from within. Donald Trump is now the one throwing the petrol bombs and for multilateral organisations l...
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TV Aerials and Satellites Installations in wigan

The left must be bold and back a green new deal | Larry Elliott

Progressives were caught napping by the financial crisis. They cannot not be as ill-prepared next time

It’s often said that real change takes place at a time of crisis, but that’s not the whole story. A crisis makes change possible, but only when new ideas are knocking about does it actually happen. Otherwise, it is soon business as usual. The US economist Milton Friedman understood that fact, which is why he toiled away in the political wilderness to plot the downfall of postwar social democracy and was fully prepared when trouble arrived in the mid-1970s.

The left was so in thrall to market forces and globalised capital that it blew a golden opportunity in 2007

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from The Guardian https://www.theguardian.com/commentisfree/2019/jan/31/left-green-new-deal-ocasio-cortez
via TV In Wigan

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