On the plane to Brussels yesterday, I read the Financial Times, and
found an interesting comment by Lawrence Summers. To put it simple he says that
workers’ scepticism against free markets is logic, because although
the economy in general terms benefit from free trade and
globalization, there is no guarantee that the working class will.
As countries have taken globalization as an argument to cut down on
social security and tax levels, the working class are right in
being anti-globalization in Summers´view. Therefore, he calls on
the US to take the lead in promoting global co-operation in the
international tax arena, and to end the race to the bottom on
social standards and try to find an international co-operation to
raise the standards all over the world.
I welcome free trade and globalization, but I also recognise that
globalization and free trade demands much of each individual. In my
generation people have had time-limited contracts for ten years.
That puts people under lot of stress. Every person in the labour
market nowadays has to be flexible, be able to educate themselves
again and again, and to start new jobs again and again. But people
can not be left to manage this totally be themselves. No, in the
globalized world that we live in today the responsibility of the
society is greater than ever. The society must ensure that in...
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