Since the imposition of free market policies in the 1980s, globalization has come to represent an ideological battle between those who favor economic growth and deregulation through the growing power of multinational corporations, versus those who prefer a more sustainable and democratic approach to international development, socio-economic justice, and the securing of basic human rights and needs.
The rules of the game have now changed - our global financial system
has become so complex and opaque that we've moved from a world of risk
to a world of uncertainty.
Inequality may seem to be diminishing, but governments realise that support for globalisation will wane if the opportunities it offers are not shared in a more equitable way.
The European Union will declare war today on Liechtenstein, Monaco, Andorra and Switzerland. Weary of losing billions of tax euros, the EU's 27-strong high command of economics and finance ministers, Ecofin, is meeting in Brussels to agree a strategy aimed at bringing the continent's tax havens under control.
Markets reinvented the world, and nobody intended – or even envisaged – the outcome. Now the role of the left in an era of declining state power is to ensure
that the structures of governance are directed towards protecting all
equally.