Is Public Opinion Turning Against Elite Over Globalization?

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Catherine Boyle
CNBC.com

As leaders on both sides of the Atlantic wrestle with the problems posed by the financial crisis, populations in advanced economies are increasingly restive.

Protests in Greece, the threat of a new wave of strikes in the UK, and vocal opposition to the US administration’s attempts to solve the financial crisis have helped add to the feeling that all of the people are not happy any of the time.

“The feeling is that internationalism has really arrived at a price that’s too high,” Lord Malloch-Brown, former UN Deputy Secretary-General and author of The Unfinished Global Revolution, told CNBC at the “summer Davos” Dalian World Economic Forum conference Thursday.

“While elites struggle weakly to find a solution, public opinion is stridently going off in the opposite direction.”

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