Globalisation and Its Discontents Revisited

There’s a dark irony about the globalised economy’s new class of discontents, writes the US Nobel Prize-winning economist Joseph Stiglitz in an updated version of his classic Globalisation and its Discontents, originally penned a quarter of a century ago. Today, the systemic unfairness of the transnational movement of goods, services, and capital has doubled back to savage the middle classes in the very countries (the US and western European states) who wrote the system’s rules in the first place – for their own benefit.