Critics of globalisation make a variety of arguments. Which of the following arguments reflects the view of the 'left' critics of globalisation?

Contemporary globalisation represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer.

The correct answer is Option (2) → Contemporary globalisation represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer.

Critics of globalisation make a variety of arguments. Those on the left argue that contemporary globalisation represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer. Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor. Critics of globalisation from the political right express anxiety over the political, economic and cultural effects. In political terms, they also fear the weakening of the state. Economically, they want a return to self-reliance and protectionism, at least in certain areas of the economy. Culturally, they are worried that traditional culture will be harmed and people will lose their age-old values and ways.