His conclusion about locally empowered and sustainable economies vs. the greed and exploitation of faceless multinational oligarchies is right on the money. Historians will condemn this period where "free" trade was a tool used by multinationals to destroy the middle class and industrial base of the western world in the name of ever higher profits. Some will argue that 3rd world nations increased their standard of living. My argument is let the third world worry about the third world, and let them pull themselves up by their own bootstraps]. We had all the resources in the world, here in the west, to maintain healthy and sustainable economies for a period much longer than a few decades, but greed done us in.
That's the thing. Capitalism has allowed multinational corporations to exploit third world labour whilst abandoning - what's left of - the middle/working class in the West. The gentlemen who spoke in that video is David Simon, creator of The Wire
. The second season of the television show analyses the death of the working class and the diminishment of labour, whilst looking into the cons of economic globalisations and encumbered capitalism. It's a fantastic fictional depiction of a hauntingly real issue most of the West is facing.