In the book that brought him fame, John Maynard Keynes celebrated the “extraordinary episode in the economic progress of man . . . which came to an end in August, 1914” — the first wave of globalisation, killed off by the Great War.
We have just gone through a second era of globalisation, just as extraordinary as the first. It has made billions of people wealthier and freer. But those who feel left behind by the global economy — above all the native working class of western countries — are now rebelling.
Does this mark another end of globalisation, w