The sharpest description of globalization ever written is this: "Modern industry has established the world market. All old-established national industries have been destroyed. They are dislodged by new industries whose products are consumed in every corner of the globe. In place of the old wants, we find new wants, requiring for their satisfaction the products of distant lands and climes... All fixed, fast-frozen relations are swept away; all new-formed ones become antiquated before they can ossify. All that is solid melts into air."
Those sentiments of Karl Marx and Friedrich Engels formed part of the Communist Manifesto, first published in February...
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