We Can Now See the True Cost of Globalization

When Karl Marx called for the workers of the world to unite, it seems unlikely he had in mind an iPhone boycott. But suggestions for just such a campaign in the US have thrown the spotlight on possible abuses at firms producing goods for hi-tech giant Apple, urging the public to think again about what happens at the other end of the production pipeline that leads to its swish, minimalist stores. Stung by the criticisms, Apple boss Tim Cook told his staff last week: "We care about every worker in our worldwide supply chain," and the company is now inspecting scores of factories, providing the latest evidence that the public is no longer willing to ignore the dark underbelly of world capitalism.

Before the Great Crash, critics of globalization were isolated on the loony fringe: tear-gassed in Seattle and whacked with truncheons in Prague, as the west's leaders gathered to congratulate themselves on reaping the benefits of unfettered world trade. When the Asian financial crises of the 1990s toppled governments and forced one desperate country after another into mass impoverishment and emergency bailouts by the International Monetary Fund, the west's leaders – even many on the left – explained it away as a result of shoddy governance or poor economic management, instead of a devastating side-effect of globalization.

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http://www.guardian.co.uk/commentisfree/2012/jan/29/observer-editorial-global-capitalism-bad