The prophecies are here and it is a foregone conclusion: the post-coronavirus world will look fundamentally different from anything that we have seen or experienced, at least since the end of World War II. Even before the ‘curve flattened’ in many countries that have experienced high death tolls – let alone economic devastation – as…
After 2008, we were promised that too-big-to-fail caused by too much debt, credit, and leverage was history. Covid-19 exposed Wall Street’s culture of “Heads I win, tails you bail me out.” That’s not capitalism, it’s extortion. Are globalization’s new record highs a minefield-filled Potemkin village? In 2020, financial markets have set numerous records. In January,…
There’s no doubt that the coronavirus has completely changed life as everyone knows it, but many people are divided over whether this outbreak has become the crown jewel celebrating the commencement of the “New World Order” (NWO) or the long-awaited crippling blow to globalization that so many have been eagerly hoping for. *** The COVID-19…
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 —…
The grave risks and dangers in the process of worldwide out-sourcing and so-called globalization of the past 30 years or so are becoming starkly clear as the ongoing health emergency across China threatens vital world supply chains from China to the rest of the world. While much attention is focused on the risks to smartphone…
Globalization is one of the great issues of our time. The erasure of national borders, the weakening of sovereign governments and the impoverishment of workers across the developed world has triggered a massive populist backlash that threatens to roll back the economic-integration scheme that places Capital at the head of a new global order. Widespread…
