Globalization: The Race to the Bottom

The international economy has been transformed by the growth of transnational corporations. Three hundred of them now own about one-quarter of the productive assets of the world. Of the top 100 economies, 47 are corporations. Businesses lay off workers here and then they subcontract the work to low-wage, non-union Third World countries. A major consequence of the globalization of production is bringing the Third World home.

Recorded at the Community Church of Boston.