article on Malaysia of interest

James Baird jlbaird3 at
Fri Sep 4 11:59:29 PDT 1998

>Mahathir's frustration is understandable. Economic globalization does
>limit national sovereignty; it does impose costs on working classes,
>and it does empower the controllers of financial capital.


> Without access to world markets and money, living standards will
>decline steeply with no possibility of future recovery, a truism
>understood in Beijing and Bangkok alike.

Maybe I should give up trying to understand the financial mandarins, but how do "costs on working classes" = "rise in living standards"?!

JIm Baird

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