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The left diagnosed ills of globalisation but the right is eating our lunch

Donald Trump who shot down TPP that had been the object of so much criticism coming from the left

People during a protest march at the G20 summit in Hamburg
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People during a protest march at the G20 summit in Hamburg on Friday. Police said protestors ransacked storefronts, burning cars and Molotov cocktails thrown at officers. Photo: Reuters

Walden Bello | FPIF
Free trade and the freedom of capital to move across borders have been the cutting edge of globalisation. They’ve also led to the succession of crises that have led to the widespread questioning of capitalism as a way of organising economic life — and of its paramount ideological expression, neoliberalism.

The protests against capitalism at the recent G20 meeting in Hamburg may seem superficially the same as those which marked similar meetings in the early 2000s. But there’s one big difference now: Global capitalism is in a period of long-term stagnation following the global financial crisis. The newer protests represent a

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