Thursday, June 30, 2011
Lamy: "Démondialisation" is "Reactionary"
"Démondialisation," a word that has been in vogue in certain circles for some time and that has been seized upon as a campaign-defining slogan by Arnaud Montebourg, is denounced as "reactionary" by Pascal Lamy, head of the WTO. Well, if Lamy didn't defend globalization, I guess he'd have to resign, but his argument--that it is technologically determined, by container ships and the Internet--rather than driven by policies and ideas is open to criticism. Technology is what it is, but policies can be modified and ideas can evolve, as we saw yesterday when the European Commission proposed a Tobin tax. Globalization can be shaped, tamed, and regulated, and Lamy would be a better defender of free trade if he recognized this rather than polarize the debate in response to an opportunistic polemic.