“The era of laissez-faire capitalism is over, it is said, as if the era of laissez-faire capitalism ever really began. Still, globalization has helped open markets around the world.
At a time of economic crisis, Benn Steil and Manuel Hinds mount a well-documented defense of globalization, ‘the extension of consensual economic exchange across borders.’ They warn: ‘[C]harges that financial markets and institutions, such as the International Monetary Fund (IMF), are violating fundamental rights of states remain largely unchallenged and have a natural and growing appeal to organized interests who are only too willing to harness the powers of state organs in the name of reclaiming lost sovereignty.’” Read more.
“Book Review: Money, Markets and Sovereignty”
Doug Bandow
Via the Cato Institute.
Image by Salvatore Vuono / FreeDigitalPhotos.net.
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