A rising tide drowns those without boats

Restoring balance to a globalized world by William Pfaff

This article might be a good place for those weened on the assurances of neoclassical economists - basically, anyone who's learned economics from respectable publications or in good universities - to happen upon the realization that the most trumpeted economic policies of the past 20-30 years have also been the most counterproductive. That is, of course, if their goal was to raise the living standards of the world's poorest, and not simply to ensure that the richest members of all the world's countries could reach stratospheric levels of wealth.