The End of Globalisation?

Globalisation has undoubtedly facilitated world trade, yet its effects on democracy within nations seem to be adverse.

The US has reaped significant benefits from globalisation, particularly in sales, but the country's unstable political environment prompts doubts about globalisation's overall efficacy.
If it is not working in the richest country doing the most exports, then surely it is not working for other countries - at least when considered with medium to long term objectives

Global monopolies or oligopolies have given rise to the wealthiest individuals in history, leading to an unprecedented concentration of wealth and power among a select few. Globalisation has propelled China to the forefront as the world's leading manufacturer creating a competitor to Democracy (or what we have left of it)

Despite potentially noble intentions, these billionaire figures have not been democratically elected to address social or economic issues from behind the scenes.

Public trust in politics is at an all-time low, exacerbated by numerous politicians' close ties with affluent individuals who finance their campaigns or offer bribes. It remains unclear whether this issue stems from the global economy, where power is frequently situated in fewer people. (Going backwards, like fall of the Roman empire)

The decline of primary and secondary industries in Western countries has hindered economic opportunities for individuals better suited to specific types of work.

Domestic industries have been supplanted by foreign imports, primarily from China and the US, leading to economic downturns in rural areas. This shift has resulted in a concentration of jobs in the tertiary sector (professional services) within urban locations.

Several democracies, such as the UK, have overly relied on the tertiary sector. While a weaker currency has benefited overseas manufacturing labour costs, the rise of AI and automation underscores the importance of competing across all industries because people costs will decrease.

The US is at the forefront of the IT and software manufacturing industries. The dominance of China and the US has transformed the EU into a market that predominantly purchases rather than sells. Consumers of foreign products, instead of putting their own industry first. 

I think many countries in the EU are starting to see that over-globalisation is just weakening their own industry in the long term, and realise that their local producers need economic protectionism to develop industry instead of allowing it to become a foreign import.

Some trade is certainly good, but not at the expenses of not competing within an industry. 

Trump has capitalised on this situation with his America First slogan, as it seems to many that the global economy is put ahead of people within that economy. (Trump is a conman and oppertunist with no plans to fix the problem). 

Countries are starting to build up their armies again for the first time in decades. The world is less stable now, and being economically depdepdent on a global supply chain leaves them exposed (e.g. Energy).

The derisking from China is the starting point, but that could potentially be extended to the US. Not in the a negative way, but just to make sure that local suppliers are competing in every single area possible. The US has become more authoritarian with their monopolies and the cabal (e.g. Bill Gates) being the main shareholder in so many industries.

As usual just one good fact can debunk an argument. Here it is:

U.S. goods and services trade with the European Union totaled an estimated $1.3 trillion in 2022. Exports were $592.0 billion; imports were $723.3 billion. The U.S. goods and services trade deficit with the European Union was $131.3 billion in 2022.

I would not classify that as debunking an argument about globalisation potentially having more adverse effects than good.

What it does do is point out is that the EU has high sales to the US

I am surprised that the US is importing  more from the EU than it is exporting though.
Look at Amazon, it accounts for nearly 50% of all online sales - so it is very surprising in the least.

I am not anti-global trade, I just want to see countries competing in more sectors- instead of just being a consumer to other counties.
IT in particular as this is the area that is going to drive change and new products.

Number one on the shit list is China as it becoming a major competitor rather than a place for cheap labour. I support de-risking from China to weaken their economy- or at the very least not let it benefit from the West. 

The anti-competitive US global are 2nd on the list.

 SB

The question s not only relating to import and export of goods - it goes much wider.   Globalism entails the removal of borders and aim at the destruction of nation states and culture in that enviroment - democracy is a specific target for elimination snce it poses a threat as an alternative center of power to the control of the world by the  ultra-wealthy.

For the Globalists any threat to their unlimited power objective comes from extremist right wing opponnets - which in most cases it is not.    It is a way of the media owned by the ultra-rich to ensure that they control politics.    For them nation-states is an abomination that must be eliminated at all costs,   That is part of the reason for the Open Border Policies of the EU and USA.

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Fair enough,  I was referring to the part about Europe ‘ derisking’ from the US. With that balance of trade  and an even bigger imbalance in essentials Europe is in a weak position to engage in restrictive policies.

So is China, except in that case the balance of essentials may be reversed because of too much Chinese outsourcing  to achieve economies.  It’s a natural consequence of private enterprise, but just as private enterprise sometimes needs government backing eg 2008, it also sometimes needs some national policy direction.

But this is hard to do in a free enterprise society. I once brought up the Chinese issue in a Board meeting, but the final conclusion was the company had to follow the major trend.

The strength of America is its acceptance of change, so even though open doors for China now looks like a mistake, even though Walmart basically built modern China, the country will just adjust.

Europe is in a much more difficult position. The inevitable decline of the great machine shop which is Germany, with the advent of EVs, will add to the difficulties. Incredibly Europe and America are killing their own massive auto industries while allowing China to go on emitting CO2 without constraints.

Punishing Google, a natural monopoly, is not going to change any of this.

It seems that the US has started de-risking first. Not just from China, but from the global market. 

The is vey little evidence that Biden has had an "America First policy"?  Fact is the Biden policies are all aimed at A merica Last as is evidencd by his fuither exploits with  regard to export of jobs from the  USA and none of the 303 000 new jobs created this month was iro industrial development.    The Green policies of Bden is exactly a replica of similar policies of the EU.   In itslf it goes against what India and China are up to and it causes the USA o bcome major importers of goods like fertilizrs from Russia and China.   Food shorages are part of the same problem and again Russia is the one who gain from that BS.   

The Global Warming religion is undermining both the USA and EU countries causing a direct ben efit to the BRICS countries. in their food and industrial sectors.   In fact it is exactly what the WEF  is driving  at  and within any understanding of globalism is about one has to understand that the situation at present is totally against demcoracy and the Democratic systems of Government.                 

Hilarious to see poor sharktwit and Mozzietard talk about Globalism.

Sharktwit has a vague idea Globalism might not be a good thing. He has made some progress from thinking Globalism was a conspiracy theory. 

Trouble is neither of these two ignorant loons have any idea what the WEF Globalists are all about.

They have no understanding regarding the war against humanity these Luciferians are waging. 

Two complete bone heads. I have little hope these two backward, ignorant dopes will ever wake up. 

Mozart

ead the WEF Website and  you will find thir are demons in the closet. .

DumbMike, the US oil production is higher than it has ever been. That is good because of what is happening with Russia, and pushing more oil into world markets will reduce the price of energy. 

Their is investment in clean energy - if for any reason that it will eventually be cheaper on a like for like basis than oil.

With more development, it will become more economical. 

 So why has the  USA run dry using  the Startegic Oil Reserve and is importing oil from oher countries - oil that actually came from Russia.    Never in your life will that happen.   The oil companis are not investing in drilling for oil to replace the wells that ran dry.    The crazies think that the Green energy system is going to replace other forms of energy suffer from  lunaticy.

As to the prices of  oil going down - you live in Cloud Cuckoo land.   Since 1977 Kissinger arranged that all oil sales in the world sh ould be priced in dollars.   So what happened next?   They decided that any oil deliveries to their countries should be in their trade in ail cut out the US dollar and uses the Yuan and other cirrencies they trade in.   Most of the oil producing countries in the world are now dealing with oil sales not in dollar anymore - when the USA, the EU countries and Canada buy oil from ME producers and African sources the prices will be set in dollars - but supply will force the prices up not down.    The 1977 strengthened to dollar - the new situation weakens the US dollars and as a net importer of oil the producer countries will set the pries though having one prices amongst themselves and the supply to the USA and allies will force the prices up and there is nothing they can do about it.  .    

The North Sea Oil production is slowing  down and the UK for the first time in years has to import oil - so the exporting countries are laughing  all the way to the bank.and the US food supply is under threat from the oil prducers and they sell  oil now more openly on the oil black market with most of it coming  from Russia. 

I would not bank on what you claim the situation is and petrol prices in the U SA has already start icreasing and with it inflation.     The Govenment set their own  data they want to make public.   They claim that food pries in the period from 2021 to at present increased by 26,2% - while buying  the same volume of food inmdicates that it would cost 46% more.    

It is the norm in countries to lie about inflation in data they release and the USA is getting into that same situation.    The wealthy enjoy the situation - they do not worry about inlffation becaue that increase ther wealth - but the mddle and lower classes are suffering badly.   Like Biden lies continuously about everything th Biden Adminsitration is given he license to lie as well.   Live with it - things will get worse unless Trump get elected and stop the rot.   The BRICS counries will have to behave or sufer - in as they laugh at Bide n,   Lets face facts they are screwing the USA and th EU countries and there is nothing the USA and allies can do about it..        .      

In any event green energy is not the answer to sufficient electricity provision - the system  has flaws and is not sufficient.   The answer to clean energy is nuclear power - but the Green idiots oppose that as well.    bad they have he Woke religion determining issues.   

Mozzietard is pretending the WEF has no policy positions. The clown hasn't realized the cat is out of the bag.

From a Globalist perspective Biden has been a.gfrat success having wrought massive damage to the West. 

Biden has succeeded in isolating the West. As many commentators have noted the dollar is under threat as many counties are finding alternatives.

God help us all if Trump is cheated out of the presidency again.

I note in passing major news items are not being mentioned on this board.