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" The so-called Washington Consensus held that globalization plus liberalization in the form of privatization, deregulation and free trade would alleviate poverty and create democracy and a better world for all. Both pro- and anti-globalist ideologues typically lump globalization with liberalization, as though they were inseparable. Yet countries can integrate economies without liberalizing. Liberalizing countries, by contrast, can sell off their state enterprises, deregulate and privatize their economies, without necessarily globalizing. None of this guarantees that long-term benefits will flow from the macroeconomy to the microeconomy in which people actually live. And none of it guarantees democracy. "

Alvin Toffler , Revolutionary Wealth


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Alvin Toffler quote : The so-called Washington Consensus held that globalization plus liberalization in the form of privatization, deregulation and free trade would alleviate poverty and create democracy and a better world for all. Both pro- and anti-globalist ideologues typically lump globalization with liberalization, as though they were inseparable. Yet countries can integrate economies without liberalizing. Liberalizing countries, by contrast, can sell off their state enterprises, deregulate and privatize their economies, without necessarily globalizing. None of this guarantees that long-term benefits will flow from the macroeconomy to the microeconomy in which people actually live. And none of it guarantees democracy.