The Problem is Not Globalization, It is Selective Protectionism

In an interesting piece on the decline of the political center, E.J. Dionne wrongly lists globalization as a villain. He tells readers:

"Globalization weakens the ability of moderate governments of both varieties to deliver on their promises. Capital can flee easily to more congenial climes, undercutting a nation’s tax base and its regulatory efforts."

Globalization should also have the effect of reducing inequality by making it easier to take advantage of lower cost professional services (e....