It should not be about compensating losers but about distributing better the dividends of globalization.

Sir, Danny Leipziger and Michael Spence the vice chairman and chairman of the Commission of Growth and Development in their “Globalization’s losers need support” May 15, by talking about the need for protecting losers are, whether they know it or not, sending a quite wrong and negative message about globalization. A more constructive way to phrase the issue would be along the lines of “We have to make sure that the immense dividends from globalization are adequately distributed” Let us be honest, it must be clear by now that some beneficiaries are just getting more than their fair share.

If for instance a Mr Carlos Slim of Mexico is able according to Forbes to turn himself into the worlds second richest persons with a wealth of $53bn by controlling the Mexican telecommunication industry, it should be perfectly clear that this has nothing to do with globalization and all to do with bad regulators.

In this respect we only wish that Mr Leipziger and Mr Spence would give more attention to the obvious needs of scaling up global antitrust legislations and of finding ways of how to assure that the many monopolies that are created through assigning and defending the intellectual property right are reasonably exploited, instead of thinking about compensating handouts. That Bill Gates gives back is commendable, but that cannot be the basis for a government policy, when every citizen should have the right to earn his own keep, even if only employed as an unemployed.