GLOBALIZATION THE GREAT ILLUSION

No doubt it was a 'feel-good' idea for the supremacy of Western capitalist democracy, but China’s leaders talk about the “century of humiliation.” They complain about the way the arrogant Westerners try to impose their values on everybody else.

Moreover, both China and Russia clearly want to establish regional zones that they dominate. Some of this is the kind of conflict that historically exists between opposing political

Globalization Is Over. The Global Culture Wars Have Begun.

(Image Credit...Tim Lahan)

By David Brooks

nytimes.com

"I’m from a fortunate generation. I can remember a time — about a quarter-century ago — when the world seemed to be coming together. The great Cold War contest between communism and capitalism appeared to be over. Democracy was still spreading. Nations were becoming more economically interdependent. The internet seemed ready to foster worldwide communications. It seemed as if there would be a global convergence around a set of universal values — freedom, equality, personal dignity, pluralism, human rights.

We called this process of convergence globalization. It was, first of all, an economic and a technological process — about growing trade and investment between nations and the spread of technologies that put, say, Wikipedia instantly at our fingertips. But globalization was also a political, social and moral process. . .

THE "HAPPY-TALK" FALLACY:

In the 1990s, the British sociologist Anthony Giddens argued that globalization is “a shift in our very life circumstances. It is the way we now live.” It involved “the intensification of worldwide social relations.” Globalization was about the integration of worldviews, products, ideas and culture.

This fit in with an academic theory that had been floating around called Modernization Theory. The idea was that as nations developed, they would become more like us in the West — the ones who had already modernized.

In the wider public conversation, it was sometimes assumed that nations all around the world would admire the success of the Western democracies and seek to imitate us. It was sometimes assumed that as people “modernized,” they would become more bourgeois, consumerist, peaceful — just like us. It was sometimes assumed that as societies modernized, they’d become more secular, just as in Europe and parts of the United States. They’d be more driven by the desire to make money than to conquer others. They’d be more driven by the desire to settle down into suburban homes than by the fanatical ideologies or the sort of hunger for prestige and conquest that had doomed humanity to centuries of war.

This was an optimistic vision of how history would evolve, a vision of progress and convergence. Unfortunately, this vision does not describe the world we live in today. The world is not converging anymore; it’s diverging. The process of globalization has slowed and, in some cases, even kicked into reverse. Russia’s invasion of Ukraine highlights these trends. While Ukraine’s brave fight against authoritarian aggression is an inspiration in the West, much of the world remains unmoved, even sympathetic to Vladimir Putin.

> The Economist reports that between 2008 and 2019, world trade, relative to global G.D.P., fell by about five percentage points. There has been a slew of new tariffs and other barriers to trade. Immigration flows have slowed. Global flows of long-term investment fell by half between 2016 and 2019. The causes of this deglobalization are broad and deep. The 2008 financial crisis delegitimized global capitalism for many people. China has apparently demonstrated that mercantilism can be an effective economic strategy. All manner of antiglobalization movements have arisen: those of the Brexiteers, xenophobic nationalists, Trumpian populists, the antiglobalist left.

There’s just a lot more global conflict than there was in that brief holiday from history in the ’90s. Trade, travel and even communication across political blocs have become more morally, politically and economically fraught. Hundreds of companies have withdrawn from Russia as the West partly decouples from Putin’s war machine. Many Western consumers don’t want trade with China because of accusations of forced labor and genocide. Many Western C.E.O.s are rethinking their operations in China as the regime gets more hostile to the West and as supply chains are threatened by political uncertainty. In 2014 the United States barred the Chinese tech company Huawei from bidding on government contracts. Joe Biden has strengthened “Buy American” rules so that the U.S. government buys more stuff domestically.

The world economy seems to be gradually decoupling into, for starters, a Western zone and a Chinese zone. Foreign direct investment flows between China and America were nearly $30 billion per year five years ago. Now they are down to $5 billion.

As John Micklethwait and Adrian Wooldridge wrote in a superb essay for Bloomberg, “geopolitics is definitively moving against globalization — toward a world dominated by two or three great trading blocs.” This broader context, and especially the invasion of Ukraine, “is burying most of the basic assumptions that have underlain business thinking about the world for the past 40 years.”

Sure, globalization as flows of trade will continue. But globalization as the driving logic of world affairs — that seems to be over. Economic rivalries have now merged with political, moral and other rivalries into one global contest for dominance. Globalization has been replaced by something that looks a lot like global culture war. . .

[. ] I’ve lost confidence in our ability to predict where history is headed and in the idea that as nations “modernize” they develop along some predictable line. I guess it’s time to open our minds up to the possibility that the future may be very different from anything we expected..."

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