The world economy can't grow without China. And China can't continue growing unless the rest of the world does. The G-20 -- which brings together advanced and emerging economies representing 85 percent of world GDP and 75 percent of trade -- is the one global body capable of addressing this shared challenge. (continued)
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The great sociologist Max Weber postulated that the birth act of modern capitalism was the secession of business from the household and thus the web of moral and ethical obligations that intimate form of human organization entailed. Zygmunt Bauman has called globalization the "'second secession'" in which unleashed capitalism has "'flown away'" from the constraints of the nation-state, in effect the larger household. Now, national households are clawing back their claims, reasserting sovereignty in an anti-globalization backlash that is profoundly realigning politics.(continued)