Globalization: The New Face of Capitalism
Program #CHON153. Recorded in Chestnut Hill, MA on October 07, 1999.Globalization is hailed by the pundits as an irresistible natural force. It's like gravity, they say. Just accept it and go on with your life. A contrary view says this international economic order is nothing more than old wine in a new bottle. Powerful transnational institutions like the World Trade Organization, the International Monetary Fund and the World Bank are the main instruments and implementors of globalization. Nations and communities trying to maintain sovereignty, protect human rights and preserve the environment are under attack as they confront the latest version of capitalism.
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