In 2009 this was the cool thing to say about globalization:

"Consumers across the globe have benefited from the increased competition, lowered prices and unprecedented availability of goods and services for every socioeconomic stratum." – The Hill.

Today the false promise of globalization is clear: millions of Americans lost their good-paying jobs to cheap foreign competition.  Who won? Big corporations and overseas governments.

I speak with Rana Foroohar –a Global Business Columnist and an Associate Editor at the Financial Times, and CNN's global economic analyst– to discuss how it happened. We dive into her plan for American renewal — which she details in her new book Homecoming — on TPC.