One of the defining characteristics of globalization is its tendency to produce winners and losers by polarizing, economically, socially and politically, within and between nations.
Globalization’s benefits have been privatized, while its costs have been socialized. The appearance of severe inequalities – in incomes, opportunities, and future prospects – after decades of generally narrowing gaps, has been one of the most worrisome consequences. With the triumph of neoliberalism, social democracy on the run most everywhere, and not least in Canada. However much this may please special interests such as business groups and the wealthy, a smaller state almost inevitably translates into program and service reductions for the disadvantaged and those least able to defend their interests.
For the past several years I have spent about a month a year teaching at the London Academy of Diplomacy. During those very pleasant interludes, it has struck me that London has become a world city primus inter pares, a cosmopolitan global crossroads and network node for business, finance, culture and education.
If you are lucky enough to find yourself in a position to benefit from it’s status as a world city, London presents vast possibilities and is a wonderful place to live and work. There is really no place quite like it.