As Harvard professor Dani Rodrik, one of the few mainstream economists to challenge the received wisdom of his profession in recent years, argued in 2011: ' Democracy, national sovereignty and global economic integration are mutually incompatible: we can combine any two of the three, but never have all three simultaneously and in full."
Politicians are pushing businesses to think about their impact on entire communities, not just consumers. And customers want to know whether the companies they buy from are good local and global stakeholders. In an era in which politics matters more than it has in half a century, MAIN Street, not WALL Street, will be ascendant.
Taken from:
The Financial Times, My guide to a deglobalising world, Rana Foroohar - October 21, 2022
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