1. Anti-globalisation activists often called themselves anti-capitalist, and used the terms interchangeably. But if globalisation is capitalism by another name, why not simply call it capitalism? Substituting ‘globalisation’ for ‘capitalism’ implies that the real enemy is international capital: and that is dangerous. Opposition to global capital has been a defining feature of fascism since Hitler wrote, in Mein Kampf, ‘that the hardest battle would have to be fought not against hostile nations but against international capital’. At best, selective opposition to international capital propagates the illusion that capitalism can solve problems of poverty and unemployment so long as it remains national. At worst, it condones barbaric oppression and exploitation by indigenous capitalists, and encourages racism and xenophobia. Globalisation may be a phase of capitalism, but anti-globalisation can never be anti-capitalist, because genuine opposition to capitalism doesn’t distinguish between ‘national’ and ‘international’ capital, or support the former against the latter.