Prime Minister David Cameron made cautious reference to globalisation in a speech given today. He said that some are guilty of "embracing globalisation so enthusiastically that they lose sight of the national interest" and that the political classes have been "too easily seduced by the rewards of globalisation – and not alert enough to the risks".
It is by no means clear what Cameron is really getting at here, and it seems to be part of a tirade against how the previous Labour government positioned the UK. He may not even really be talking about globalisation at all but rather to the emergence of superstates such as the European Union.
What is most regrettable, is that our Prime Minister would describe the phenomenon of globalisation as a bad thing. The Adam Smith Institute's Ben Southwood argues that globalisation has a fantastic track record:
Globalisation is an unalloyed good, giving us everything from a wide variety of delicious and previously exotic foods to affordable smartphones.
But more imporantly, globalisation has lifted more people out of poverty in the last quarter century than the entirety of human existence put together up until that point.
The UK has historically survived and thrived through free trade. Every time a politician has threatened it, they have been felled, which is why the Tory party dropped their silly, unpopular and doctrinal opposition to it in the 1920s.