Four decades ago Richard Nixon, a once famously hawkish Republican president, cut a deal with the Communist overlords of China to reshape the world. The result was a transformation of the global economy in ways that we are only now, with the sharp critiques of Apple's China operation, beginning to fully comprehend.

At the heart of the deal was a rejection of the basic moral claim of both egalitarian socialism and free market capitalism, the rival ideologies of the Cold War, to empower the individual as the center of decision-making. Instead, the fate of the citizen would come to be determined by an alliance between huge multinational corporations and government elites with scant reference to the needs of ordinary working folk.