BRAIN FOOD: Matters for the mind to chew on - Global business - Capital on over-excited Frenchmen

BRAIN FOOD: Matters for the mind to chew on - Global business - Capital on over-excited Frenchmen - 'You're worried about globalisation, or mondialisation as you call it,' Felix Rohatyn, former head of Lazard Freres and now US ambassador to France, tells

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Last Updated: 09 Oct 2013

'You're worried about globalisation, or mondialisation as you call it,' Felix Rohatyn, former head of Lazard Freres and now US ambassador to France, tells Capital readers. 'It's not just economic anxiety, it's become almost a philosophical debate.

Some of you have tried to shut out globalisation, and you've blamed Americans for it. But it's quite normal for an economy our size to have a commensurately large influence in the world - it's not our fault, if you don't mind my saying so!

Sometimes you seem to regard the US as more of a threat than an ally.

I find that both sad and completely unfair. Don't forget, we've suffered much more than you have in this era. In the '80s thousands of factories shut and unemployment reached 8% of the working population. We didn't start globalisation, we've just been ready to adapt to it, however bitter the medicine.'

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