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For decades, globalization promised to bring benefits to all.In the United Kingdom, the Office for National Statistics reports that in the period from 2012 to 2014, the wealthiest 10 percent of households owned 45 percent of total aggregate household wealth. Since July 2010, the top decile's wealth has increased three times faster than that of the bottom 50 percent of the population.Governments have permitted globalization – and peripatetic wealth-holders – to outpace them. Globalization requires regulation and management. When governments failed to cooperate in the 1930s, globalization came to a crashing halt.As the business of government grew, so did the resources put into it.By the 1970s, wealthy countries' leaders in both government and business had become complacent.
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