Social and Behavioral Sciences Commons^™

The Assault On The Global Economy, Murray L. Weidenbaum

Murray Weidenbaum Publications

The global economy is under assault by a strange alliance of radical groups and several mainstream environmental organizations. The outfits from the far left are long-term opponents of the capitalist system, both at home and abroad, so their opposition to trade between nations is neither new nor newsworthy. It is surprising, however, that organizations like the Sierra Club and Friends of the Earth have joined this effort to oppose the modern economy. This paper attempts to respond to these views. Isolationist policies are a foolhardy, futile pursuit in today's interconnected, globalized economy.