Globalisation is becoming an increasingly dirty word — and for good reason. Over the last two to three decades, the West’s opening up to low-cost, export-oriented economies like China has hurt the working class and made us worryingly dependent on distant and fragile supply chains.
But did all that free movement of labour, capital, goods and services make us as rich as we were promised? A stunning set of charts from American Compass provides part of the answer (and from a US perspective, obviously).
