Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The past year will be remembered as a period of revolt against what U.S. President-elect Donald Trump likes to call "globalism".Just one century later, emigration was no longer an option for people whose economic activity had suddenly become obsolete, not least because most countries had imposed tougher barriers against migration.Second, and more important, workers were able to change occupations, and many moved from the countryside to fill attractive, high-paying jobs in urban manufacturing and services.Europe and the U.S. have long attempted to support "losers" in manufacturing and services through various small-scale programs that do not, in fact, benefit many workers. For example, the U.S. Trade Adjustment Assistance program, which was augmented under the 2009 Trade and Globalization Adjustment Assistance Act, and the EU's Globalization Adjustment Fund are small, complex and expensive measures to compensate displaced workers.The most important form of mobility is not physical; it is social or psychological.
The new anti-capitalism wave around the world
Money for nothing and your bonds for free
A future without currency wars? It’s possible
FOLLOW THIS ARTICLE