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Hyperglobalisation Is Dead

Hyperglobalisation Is Dead

#Hyperglobalisation #Dead

“Good Times Bad Times”

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43 Comments

  1. Here in Ukraine I wanted to work on a factory when I was a kid. I liked the idea of production. But soon I learned factory is a shitty place with low wage, where people's leisure is to drink. So I had to start working in IT sector šŸ¤·ā€ā™‚

  2. Even in places like Latin America, many countries were pressured to participate in globalization as the CIA would move to disrupt local governments if they made moves against American corporations.

    At least in Chile (where my parents are from) the CIA supported a Coup to topple a democratically elected government who was making moves to Nationalize its mining industry. The new dictator moved to implement a Neo-liberal constitution which to this day blocks many movements to implement regulations for conservation of natural spaces.

    Neo-liberalism arrived on the back of Dictatorship.

  3. US started globalisation and ended it itself by globalising china head-first and china in turn killed globalisation . potential countries like India never got the chance of tasting true globalisation .

  4. Video Context: Climate Change šŸ¤£šŸ¤£šŸ¤£
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  5. Globalism is dead, because national socialists are good at rebranding but make poor leaders. Globalism was simply rebranded national socialism. The worst part about globalism are its mistakes – special, highly qualified university professors, preferably ones with masterĀ“s degrees are required to teach people to prevent repeating its mistakes, which are perceived as Ā“ideal solutions to easily solvable problemsĀ“. Problems, which simply can not be solved under national socialism. National socialists are good at least three things – rebranding, serving as captives or being in institutions as long as they are inmates. If they are given any responsible position they always manage to find ways to mess that up. Globalists do not make good decision makers. Decision making involves things like thinking outside of a prison cell, which globalists find very hard to do As a result of strange behavior and unhealthy lifestyles associated with globalism, globalism died because it could not handle stress and is unable to accept the new ideas required to keep a tradition alive.

  6. Protectionism's biggest issue is it will drive up prices.

    Globalism's biggest issue is it drives down wages.

    What we need is a happy medium. Not that I know what it is.

  7. Cheap, foreign made products cost in other ways. We would be much better off with a manufacturing industry and more expensive products than with service industry jobs that create nothing.

  8. I think you mentioned Ludwig von Mises when you meant Friedrich Hayek, his disciple. Hayek was influential in the ā€œā€neoliberalā€ā€ era, but Mises was quite dead by then

  9. Iā€™m sick of hearing younger individuals saying they donā€™t care where something is made long as itā€™s cheap! They have no patriotism whatsoever and would sellout their own country to the Chinese government if they think theyā€™ll get more cheap junk they really donā€™t need out of it! These fools donā€™t seem to understand when everything is outsourced and a few countries in Asia control the prices of everything theyā€™re not going to be able to afford anything!

  10. It would be nice to bring our troops home after 80 years on duty. It would be nice to fix our own hemisphere and eliminate illegal immigration at its root cause. But the second we do, some intelligent person (insert sarcasm) will start another foreign war that we will get dragged into. Hence the old world cannot govern itself. It must have a neutral security guarantor (America) to keep the peace that doesnā€™t have territorial aspirations. That is the way the world is

  11. the stagnation in the 70s was not due to Nixon dropping the gold standard. It was the result of the post war focus on full employment by western states (from the Bretton Woods conference). Back in 43 Polish economist Michael Kalecki predicted this in his (short easy to read paper) Political Aspects of Full Employement) the post war boom was a good thing it was the longest economic boom in history and led to the lowest inequality at any time.

    The problem was that with full employment even the lowest earning worker can move costlessly from one job to the next, wages will rise across the board.
    And ultimately Capital can no longer discipline labour and instead of taking it out of profits will pay for the increased wages by raising prices and we get the wage price spiral. Add to that the 2 oil shocks and there is high inflation with low growth (stagflation). Capital also is affected by high inflation, if you are a banker and you have 30 yr mortgages at 7% and inflation goes to 12% you might as well burn your money.

    And once again Kalecki predicted what would happen, Capital would bring about a market revolution. Which is what they did, Reagan and Thatcher get elected, crack down on Unions (Patco, and the coal miners) now the focus is on free trade capital but not labour move freely. Try striking now, we'll move your job first to right to work states and then offshore. https://delong.typepad.com/kalecki43.pdf

    The next 30 years you get more free trade, but a long stagnation of the middle class and ultimately the rise of the populist parties (not just Trump but Brexit) La Pen etc.

  12. Frankly, I don't understand the new wave of protectionism and isolationism. Yeah, on the face of it if you don't take any time to think about it, then I suppose it would seem attractive. However, history is littered with examples of mercantilism and protectionism going horribly wrong and how it makes your industries less productive and competitive. I mean, you can't take a macroeconomics course that doesn't at least touch on the Smoot-Hawley Tariff, and as Americans we all know British-American history and that the 1870s-1930s was a constant struggle for the more competitive American industries to get more access to be able to export to the British Empire's market. You literally cannot get a degree in some business category without knowing those things, so I don't understand the impulse of people when they know these things.

  13. If we want to evolve as species, globalization and cooperation is a must. United, we can achieve much more than we can as separate isolated countries when you look at the bigger picture. Development of tools like AI, can also help solve problems, which were unsolvable before and bring us in a new era of humankind.

  14. doesn't help that China censors the internet, boycotts Australia and other countries that don't agree with China and puts bans on industries (gaming, crypto, etc)

    there'd be so much more foreign investment in China if Xi wasn't in power… but no, he'll be in power for 20 years before he's out

  15. Yea if you take any statement from trump at face value, or as some truth, you lose a lot of your credibility.

    It's like thinking putin to going to be honest. It's absurd.

  16. What de-globalization? Here's a how much the global GDP expanded recently (World Bank) and it can't stop now that every developing nation wants houses, cars and all the perks of American middle-class:

    2000: $33.85 trillion

    2001: $33.63 trillion

    2002: $34.93 trillion

    2003: $39.16 trillion

    2004: $44.13 trillion

    2005: $47.79 trillion

    2006: $51.79 trillion

    2007: $58.36 trillion

    2008: $64.14 trillion

    2009: $60.82 trillion

    2010: $66.62 trillion

    2011: $73.88 trillion

    2012: $75.53 trillion

    2013: $77.64 trillion

    2014: $79.76 trillion

    2015: $75.22 trillion

    2016: $76.49 trillion

    2017: $81.44 trillion

    2018: $86.50 trillion

    2019: $87.73 trillion

    2020: $85.22 trillion

    2021: $96.88 trillion

    2022: $100.56 trillion

  17. Nawwwhhh, English will be the worlds language and we will pay in dollars, it really makes a world a better place, even though some people dont want to admit it

  18. Never before had the world seen a hypercaptialist dictatorship like china. World leaders could never have known that a government could essentially BECOME a corporation. China went so far into communism that it became captialist, the government itself became completely profit and expansion driven, with no desire to make the lives of it's people better.

  19. 1969 ā€“ The International Monetary Fund (IMF) introduces the Special Drawing Right,Ā the planned replacement for the US dollar as the global reserve currencyā€¦August 1971 ā€“ President Richard Nixon takes America off of the gold standardā€¦

    This was the first major explosion in the dollarā€™s demolition as the global reserve currency (to make way for its replacement by the globalistsā€™ SDR sometime around 2018).

    February 1972 ā€“ Nixon visits china, Rockefeller follows with Henry Kissinger. Chinese economic reform, also known as the ā€˜socialist market economy,ā€™ andĀ opened China to the global market.ā€Ā An interesting view on the hidden dynamics behind this development is offered in the above-linked ā€œColonial Elite Rules China for the Illuminatiā€ article…book titledĀ Prospect for America: The Rockefeller Panel Reportsā€¦

    India is being developed since 2020-2030- Africa 2040-2050 the reason why we saw the rise of man made migration is special to the u.s. by cooperation

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