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G8 into a G16. That would introduce in international discussions preoccupations and concerns of importance to developing countries.
      I cannot disagree with Sachs that the recent problems of globalization are caused in part by a failure to redistribute both money and power. In my opinion that failure however is not due to the absence of Third World governments from the discussions of the eight richest countries. Implicit in what I have said earlier is that the current difficulties of globalization are consequent on the operation of globalization itself. It is that process that has to be redressed. What is needed is no doubt more difficult to realize than an expansion of G8, but without something like it the benefits of globalization will be much less than they could be.
6.   A Proposal for Reform.
      Globalization and the undermining of the comparative efficiency of governments I have outlined above will go on for many more years. The institutions that were recognized over recent decades as basic to the stability of the world order — the institutions analysed m the literature on hegemony and regimes (see Keohane, 1984, for a good discussion) — will become increasingly incapable of addressing the concerns and problems created by globalization. I have argued in Competitive Governments that hegemons and, per force, regimes cannot create wicksellian connections and therefore cannot increase the (absolute or relative) efficiency of governments. As a consequence, we should expect that the comparative weakening of governments and governmental systems that is already apparent will continue for quite some time. An enormous amount of power and control over the lives of most of us of all those not in the corporate sphere of influence — will continue to be transferred to ever larger corporate interests. These interests will savage the lives of the poor, the destitute, and those who are less able to cope with raw competition, while also abusing the environment, the arts and culture as distinguished from entertainment, and so on (II).
      The negative consequences of globalization that I have just not- 11
       (11)         The savaging of the arts takes many forms. One that is particularly subtle consists in promoting artists — playwrights, musicians, painters, sculptors, and others whose works have ceased to be critical of contemporary society and behaviours. It also takes the form of allocating resources to the works of long-dead artists which, I need not insist, are enjoyable, but cannot be, as those of living artists, critical of to-day s institutions, elites, and behaviours.