Capitalist Globalization reviewed by Counterfire
February 20, 2024
Martin Hart-Landsberg gives us a very clear account of the realities of globalisation, as well as a withering critique of the neo-classical economics behind it, in accessible and succinct form. There is even some debunking of key elements of classical economics, such as Ricardo's theory of comparative advantage. The latter is vital to the argument that, in a context of international free trade, national economies will specialise in certain products for their prosperity ... Like so many nostrums of bourgeois economics, the proof of this theory rests on a series of assumptions requiring an idealised state of affairs that never holds true in practice.
