[Newsweek] The Left's About-Face on Globalization

As the debate on globalization goes on, much of the Left has migrated from the outer fringes to the core.

In a bygone political age, an annual confab of the world’s movers and shakers — such as the one Davos hosted last week — could be expected to fall into a familiar pattern. A chorus of Bretton Woods bosses, multinational CEOs, and nonprofit leaders would summon humanity into the sunlit uplands of globalization. They would tout the benefits of lowering barriers to trade and investment — cheaper consumer goods, easy access to capital, and the lifting of millions out of poverty. To unleash more of that prosperity, they would press for structural reforms in advanced and developing economies, which market-friendly governments of the right- and left-of-center would pledge to implement.

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