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Tag Archives: globalization
The Next Economic Crisis and the Looming Post-Multipolar System
The Next Economic Crisis and the Looming Post-Multipolar System The Impending Crisis At one time, specifically during the post-World War 2 Bretton Woods era, it looked like as if the capitalist model could be indefinitely sustainable and avoid plunging the world into major world conflicts. That era began to come to an end during the […]
Bruno Latour on Politics in the New Climatic Regime
Bruno Latour on Politics in the New Climatic Regime Why are so many zones of the world descending into chaos and confusion? There is no single reason, of course, but the French scholar of modernity, Bruno Latour, has a compelling overarching theory. In his new book, Down to Earth: Politics in the New Climatic Regime (Polity), Latour […]
The founder of the World Economic Forum shares what he sees as the biggest threat to the global economy
The founder of the World Economic Forum shares what he sees as the biggest threat to the global economy Economist Klaus Schwab is the founder and executive chairman of the World Economic Forum which will be holding it’s Annual Meeting in Davos, Switzerland January 22-25, 2019. Schwab explains the theme of this year’s meeting, “Globalization […]
Steen Jakobsen: The Four Horsemen Portend A Painful Reckoning
Steen Jakobsen: The Four Horsemen Portend A Painful Reckoning Even the US is now ‘swimming naked’ Steen Jacobsen, Chief Economist and Chief Investment Officer of Saxo Bank sees economic slowdown ahead. Specifically, his “Four Horseman” indicators: the drivers of economic growth, are all flashing red. Jacobsen believes that the central banks will continue their liquidity […]
Three Reasons to Fear Another ‘Great War’ Today
Three Reasons to Fear Another ‘Great War’ Today Still think globalization will bring peace? They thought that in 1914, too. Things exploded quickly. Photographer: J. J. Marshall/Hulton Archive via Getty Images Last month, I traveled to Vienna, the former seat of the Austro-Hungarian Empire and a fitting place to contemplate the approaching 100th anniversary […]
Catabolism: Capitalism’s Frightening Future
Catabolism: Capitalism’s Frightening Future Photo Source SPACES Gallery | CC BY 2.0 “Out of the frying pan, into the fire” is an apt description of our current place in history. No matter what you think of globalization, I believe we’ll soon discover that capitalism without it is much, much worse. No one needs to convince […]
Globalization Has Hollowed Out Rural America
Globalization Has Hollowed Out Rural America The value of local control and local capital far exceed the pathetic “savings” reaped from shoddy commoditized goods. What do we make of an economy in which a handful of bubblicious urban areas are magnets for jobs and capital while rural communities have been hollowed out? The short answer is that this progression of […]
The Global 1% Is Destroying Democracy
The Global 1% Is Destroying Democracy Unraveling a web of dark money “Wherever you live in the world, you’ve been robbed. Not by a hidden bandit, but a global kleptocracy: the super-rich who’ve managed to rob the poor blind in every corner of the globe for the past seven decades.” — Michelle Chen We’re living in a time […]
Our “Prosperity” Is Now Dependent on Predatory Globalization
Our “Prosperity” Is Now Dependent on Predatory Globalization Nowadays, trade and “prosperity” are dependent on currencies that are created out of thin air via borrowing or printing. So here’s the story explaining why “free” trade and globalization create so much wonderful prosperity for all of us: I find a nation with cheap labor and no […]
We Are All Hostages of Corporate Profits
We Are All Hostages of Corporate Profits We’re in the endgame of financialization and globalization, and it won’t be pretty for all the hostages of corporate profits. Though you won’t read about it in the mainstream corporate media, the nation is now hostage to outsized corporate profits. The economy and society at large are now […]
Make Capital Cheap and Labor Costly, and Guess What Happens?
Make Capital Cheap and Labor Costly, and Guess What Happens? Employment expands in the Protected cartel-dominated sectors, and declines in every sector exposed to globalization, domestic competition and cheap capital. If you want to understand why the global economy is failing the many while enriching the few, start with the basics: capital, labor and resources. […]
Localization: a strategic alternative to globalized authoritarianism
Localization: a strategic alternative to globalized authoritarianism For those who care about peace, equality and the future of the planet, the global political swing to the right over the past few years is deeply worrying. It has us asking ourselves, how did this happen? How did populism turn into such a divisive and destructive force? […]
Our Economy Is Failing Our Society
Our Economy Is Failing Our Society If we want to extend the opportunities for positive social roles to everyone, we have to change the way money is created and distributed in our economy. One of the most unrecognized dynamics of our era is the structural dependence of our society on our economy. One set of […]
Macquarie: “This Is The End Of The Liberal Order… But At Least No Wars Yet”
Macquarie: “This Is The End Of The Liberal Order… But At Least No Wars Yet” One week after Council on Foreign Relations president Richard Haass wrote an op-ed in which he waved farewell to the world he helped create, saying “Goodbye, Liberal World Order.” Then overnight, one of Wall Street’s most original, if underappreciated analysts, […]
Central Banks Have Killed Free Trade
Central Banks Have Killed Free Trade Defenders and critics of “free trade” and globalization tend to present the issue as either/or: It’s inherently good or bad. In the real world, it’s not that simple. The confusion starts with defining free trade (and by extension, globalization). In the classical definition of free trade espoused by 18th […]
