Give two cheers for globalization

The benefits of globalization far outweigh its costs, according to Doug Bandow of the group Policy for Citizen Outreach.

Bandow offered his defense of globalization during today’s meeting of the John Locke Foundation’s Shaftesbury Society.

He offers two cheers ? rather than three ? because he recognizes that a changing economy will cause some pain.

• As he points out in this video clip, the pain generated by a dynamic economy is tied to the growth that benefits all of society.

4:50 p.m. update: Watch the entire speech here.