Sir James Goldsmith’s 1994 Globalization Warning — Charlie Rose Show
Sir James Goldsmith describes how the shift from locally produced goods to goods produced anywhere in the world could destroy the prosperous economies of the developed world that were built up over centuries. This will happen, according to him, because global free trade will create unbridgeable divide between the rich over the ordinary people.
The rich will stay rich by investing their capital into Multinational Companies. In order to compete and make profits, these companies will exploit ever cheaper sources of labour in developing countries.
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Source: Catherine Austin Fitts Blog
Aired: 11/15/94 12:00 AM
