The unchecked powers of globalized markets are the new weapons of mass destruction. As Edward Goldberg explains, this is particularly problematic because the raw power of global markets is so much greater than the ability of modern democracies to protect their citizens against that power.
This does not mean that there will not be some threatening geopolitical event, or that the Pakistan/India relationship or the Middle East are no longer worrisome. But the reality is that for the industrialized world, armies are less fear-inducing than economics. Today, realpolitik is defined by economics and the ability of a nation to subordinate the power of the global market to the interest of the country.
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