Globalization Backlash
The cluster discusses criticisms of globalization, portraying it as zero-sum unlike capitalism, failing to deliver widespread benefits, and fueling populism, nationalism, and protectionism in places like the US, UK, Russia, and China.
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Globalism can be a real bastard.
is that true with globalisation though?
Millennials are confused; Unlike capitalism, globalization is zero-sum;
Have you read the twitter thread ? Root causes have nothing to do with globalization
I think that it's all over the place. It's Britain, sure, but it's also the US with Trump. It's Russia with Putin. It's even China.Why is the world moving this direction? I think that it's because globalization hasn't delivered a better life to people. (Or at least, hasn't delivered enough of a better life to enough people for them to consider it to be a net win for them.)
That's basically the point of globalisation though isn't it?
Unlike Capitalism, Globalization is Zero-sum
Unlike Capitalism, Globalization is Zero-sum
This is because your still able to access all the benefits of globalization. You probably have things like cheaper property prices and access to all the latest tech.You're basically leaching off goods and services provided by those in high growth areas.I think the idea is we might reach a point where globalization itself is hard to maintain and then things start to unwind, dramatically fast.
That is globalization in a nutshell.