Most of us are likely familiar and comfortable referring to economic globalization, which is basically the sourcing of production in one country with the lowest labor cost, and exporting the final ...

Race to the bottom. The smug Davos Crowd. Neo-liberalism at its most vile. Great for a small number of billionaires and communist dictators, disastrous for the working and middle classes in the West.

William Bratton is author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.