Globalization on the rocks

 from New Internationalist. "David Ransom argues that the shipwreck of the markets spells the end of one era, the start of another."

Huge transnational corporations promote international trade because they control most of it – local or ‘domestic’ trade is a riot of diversity by comparison. The ‘globalization’ of local economies enabled corporations to scour the world for the cheapest labour, the lowest costs, the most compliant governments.