In the link to the video below, economist Jeffrey Sachs discusses how globalisation has exacerbated income inequalities and the control over politics exerted by the rich. Sachs doesn’t know everything about how globalization has redistributed income from working people to the affluent. And it’s so simple. The difference between the wages from the old higher paying jobs and the new lower paying jobs goes into the pockets of the wealthy via higher corporate profits, expanding dividends and soaring share prices. The people who lose their jobs get nothing but headaches as they search for work.