So recent is the word “globalization” that, if you consult the revised 1978 edition of The New Political Dictionary: The Definitive Guide to the New Language of Politics by the eminent neo-conservative writer William Safire, you will not find it. Instead you will find “Globaloney,” a term used in the early 1940s to riducule the progressive foreign policy proposals of then American Vice-President Henry Wallace. It’s such a good word, it’s a shame it has been lost in history.


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