Globalization has lead to a problematic gap between haves and have nots.
One of the defining characteristics of globalization is its tendency to produce winners and losers by polarizing communities – 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. The triumph of neo-liberalism has social democracy on the run most everywhere, and not least in Canada. However much this may please special-interest groups such as business communities 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 at the University of East Anglia. 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 its 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, and these features make the rioting there, and in other U.K. cities, all the more disturbing.