Attention Economy


Thursday, October 6, 2016

Globalization – A Historical Perspective

A timely piece by Victoria Bateman:
“The free-trade movement was born some two centuries ago in the very parts of Britain that voted Brexit -- areas such as the cotton-mill towns surrounding Manchester. In those days, the working classes helped lead the way to openness. Protectionism was seen as something that benefited established elites, such as rich landowners, and restricted opportunities for new businesses and their employees. From the consumer’s viewpoint, protectionism meant higher prices for basics such as food and clothing.”