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Harold Meyerson - Globalization of Markets: Do Corporations Need American Consumers?

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Date and time
Monday, April 16, 2012

Harold Meyerson, editor-at-large of *The American Prospect*, explores the impact of "Globalization of Markets" on the American economy. When Henry Ford revolutionized American auto manufacturing a century ago, he not only introduced the assembly line; he also paid his workers enough to allow them to buy a Ford. This move was one of the first steps in creating an American economy that is driven by consumption. If globalization is keeping American incomes low, how can consumption rebound to fuel a recovery? If globalization is moving investments overseas, what role will commerce play in the national economy?