Under the Influence: Goodbye Globalization

Remember the age of globalization, if you can. The world was flat. High finance was king. Swelling economic prosperity had lifted hundreds of millions out of poverty. Capitalism, in a variety of configurations, stretched from one end of the earth to the other. Even individual states were fading in importance, and the threat of a great-power war had all but come to an end. How quickly that utopia has been shattered. In short, the world is very much round again. Investment banking has collapsed. The global financial crisis is elbowing the poor aside. Corruption and rampant irresponsibility have resulted in […]

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