Quote of the Day (Janan Ganesh, on the 1960s, ‘The Last Pre-Global Decade’)

“The 1960s were the last pre-global decade. The 1970s would bring free-floating currencies and the opening of China. It would bring OPEC crises that smashed apart the highly managed economic order. The 1980s would go much further. For people who have found globalisation discombobulating (and you will have noticed there are a few), the 1960s must seem like the last stand of a more familiar world. In other words, a decade that has for so long been synonymous with breakneck progress is now idealised for exactly the opposite reason. The ‘meaning’ of the 1960s has slowly changed.” —British journalist, author and political commentator Janan Ganesh, “Remembering the Last Pre-Global Decade,” The Financial Times, Aug. 17-18, 2019