Protectionism
Global Problems for the New Gilded Age

Global Problems for the New Gilded Age

Worried critics decry the similarities between the corruption-laden late 19th-century American Gilded Age and the crony capitalism of today, but similar historical lessons surrounding the problems of global trade and foreign policy have gone neglected.

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Kicking Away the Ladder: The “Real” History of Free Trade

Central to the neoliberal discourse on globalization is the conviction that free trade, more than free movements of capital or labor, is the key to global prosperity. Even many of those who are not enthusiastic about all aspects of globalization–ranging from the free-trade economist, Jagdish Bhagwati, advocating capital control to some non-governmental organizations (NGOs) accusing the developed countries for not opening up their agricultural markets–seem to agree that free trade is the most benign, or at least a less problematic, element in the progress of globalization.

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