Milanovic argues that contemporary globalisation has involved a "tacit coalition" between "rich people in rich countries and poor people in poor countries". Is that a fair assessment? What have been the economic consequences of globalisation for labour in the Global North and Global South and with what real and potential political ramifications?

Essay 2 Topic: Milanovic argues that contemporary globalisation has involved a "tacit coalition" between "rich people in rich countries and poor people in poor countries". Is that a fair assessment? What have been the economic consequences of globalisation for labour in the Global North and Global South and with what real and potential political ramifications? Additional notes: See the "tacit coalition" idea on page 153 of Capitalism Alone The readings in the Inequality and Financialisation week are relevant to the question Note that the topic asks you to engage primarily with class dynamics (labour-capital relations) and not with national or regional dynamics in the global economy The final phrase of the essay topic is obviously speculative yet try to critically engage with some of the ideas advanced by others (like Piketty, Milanovic etc) regarding potential political ramifications of globalisation