Two Clips from the article above
In the United States and other advanced countries there is great and growing fear of having to compete with industries located in presently poor, impoverished countries with extremely low wage rates, and where labor is suddenly rendered dramatically more productive by the investment of capital coming from the advanced countries. The combination of radically lower wage rates coupled with dramatic increases in productivity results in foreign competitors in the backward countries with sharply lower costs of production. These lower costs, it is feared, enable those foreign competitors to be profitable at prices that producers in the advanced countries simply cannot match without selling at a loss or without requiring wage reductions from their own employees.
Whether or not globalization will continue and reach its ultimate potential depends on the global acceptance of America's traditional values of private property rights and economic freedom. The once seemingly insuperable obstacle of socialism has been swept away. Environmentalism, which is merely an enfeebled, primitivized reincarnation of socialism's hatred of capitalism, remains. It too will need to be swept aside if the world's presently backward countries are to have access to the raw materials they must have in order to achieve a modern standard of living. And, of course, it will also be necessary for the world's rogue states to be deprived of the ability to inflict harm on their neighbors or in any other significant way to harm the further development and maintenance of the global division of labor.
