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globalization | John Feffer
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Trump’s ‘Uncreative Destruction’ of the U.S.-China Relationship

Economists like to think of the wreckage caused by stock market downturns, widespread bankruptcies, and corporate downsizing as “creative destruction.” As it destroys the old and the dysfunctional, the capitalist system continually spurs innovation, much as a forest fire prepares the ground for new growth. Or so the representatives of the dismal science argue. Donald Trump, who is neither...
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COVID-19 and the Global Economy

THE MODERN GLOBAL economy rests on the foundation of modern medicine. The transactions that sustain the global trade of goods and services require an implicit assurance that merchants and financiers are not infecting one another when they meet to conduct business. Economic globalization requires that the nodes of international distribution—ports, airline terminals, railway stations, intermodal...
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Will the Coronavirus Kill Globalization?

At a dinner party in mid-February, an architect told me that he was having a problem finishing his building projects. It was the carpets. Most wall-to-wall carpeting for big construction projects in the United States, he explained, comes from China. The coronavirus outbreak in Wuhan — and the subsequent shutdown of many Chinese factories — was having a ripple effect across the global economy...
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Inside the Battle for Another World

A succession of social upheavals over the last decade has radically realigned political power throughout the world. As a result of these tectonic shifts, what had once been on the furthest fringes of the right has now moved toward the center while the left has been pushed to the margins. “Things fall apart; the centre cannot hold,” poet William Yeats wrote at a time of similar political churn...
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Slowbalization: Boon or Bane?

A group of Italians started the Slow Food movement back in the 1980s. Stay away from fast-food restaurants, they urged: eat local, focus on traditional recipes, relax, and enjoy your meal. The Slow Food movement began as a protest against McDonald’s, which opened a new franchise near the Spanish Steps in Rome. But it grew into much more than that. Slow Food was a finger in the eye of...
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