And while globalization and technology have opened up new opportunities and driven remarkable economic growth in previously struggling parts of the world, globalization has also upended the agricultural and manufacturing sectors in many countries. Its also greatly reduced the demand for certain workers, has helped weaken unions and labors bargaining power. Its made it easier for capital to avoid tax laws and the regulations of nation-statescan just move billions, trillions of dollars with a tap of a computer key.

New Yorker link to Obama’s lecture can be found here