Crisis of capitalism? Perhaps, but don't blame it on globalisation

www.cer.org.uk

Globalisation did not force governments to adopt policies that divided their countries, exacerbated inequality and hit social mobility. Many of them did those things by choice.

Donald Trump, Brexit, serious populist pressures in other EU countries: are we entering a full-blown crisis of international liberal capitalism? There is no doubt that globalisation poses policy challenges for governments. But globalisation by itself did not force governments to adopt policies that have divided their countries, exacerbated inequality and hit social mobility. Many of them did those things by choice. 

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