Taking Back Globalization

  title={Taking Back Globalization},
  author={Marie Christine Duggan},
  journal={Review of Radical Political Economics},
  pages={508 - 516}
  • M. Duggan
  • Published 8 March 2013
  • Economics, History
  • Review of Radical Political Economics
Many Americans believe free trade destroyed the U.S. industrial base, and blame foreign workers for taking their jobs. During World War II, Keynes had similar misgivings about the effect of postwar free trade on Britain’s economy. Yet for Keynes, economic forces are never inevitable, and capital rather than labor was the cause of trouble. His 1941 proposal for an International Clearing Union suggested capital controls, forced creditor adjustment, and an international fiat reserve as remedies… 

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