Broad world dissatisfaction with globalization

Epoch Times frets

Middle class backlash threatens globalization

A populist sentiment sweeping the world is taking aim at the global economic order set by the United States in the decades following World War II.

Rising inequality, political polarization, and a growing belief that governments serve the monied elite are destroying the trust and cohesion that healthy societies are built on.

Far right parties have found a foothold in Europe, while far left parties continue to prosper in Latin America. They differ in views but take aim at the elite and their globalization agenda. More.

Translation: A broad spectrum of people find that it isn’t working for them.

Also, from Portland, Maine, TV news we learn,

Koch brothers network rules out anti-Clinton ads

Kochs have denied meeting requests with Trump

The Koch network has previously said they will not back Republican candidate Donald Trump, but on Saturday officials told reporters that they would not run negative Clinton spots, a position taken by some Republican groups that are uneasy with the controversial GOP standard-bearer. The group is laser-focused on maintaining and expanding the Senate majority — in the midst of a $42 million television advertising campaign focused on a half-dozen states — and would only use Clinton to bash Senate Democratic hopefuls.

Network officials outlined their plans here as 400 of their donors prepared to hear from a roster of Republican leaders. House Speaker Paul Ryan is among the politicians who scored invites to one of the nation’s most sought-after political retreats at a lavish campus nestled in the Rocky Mountains.

It is working for a global elite.

Reality check: Globalization was supposed to improve everyone’s life, but what it mainly does is average things. That includes averaging our expectations of honesty in government, civil liberties, employment opportunities, and employee rights. How people feel about it is going to depend on whether they think it has made them worse off.

There is nothing inherently bad about protectionism. It’s a strategy. How it affects a country depends on the country’s goals. The North American Free Trade Agreement worked because most protectionism between Canada, the United States, and Mexico aimed at protecting industries that needed competition from roughly equivalent partners. Free trade with unfree countries is also a strategy, and it comes with the sorts of costs Epoch Times is fretting about.

See also: Bloomberg claim: Brexit part of freedom reduction

  • I bought the Kool-Aid, I regret having done so. Now it is clear our own political class has worked diligently to destroy us.

    • Alain

      I assume you mean you bought the free trade propaganda; if so then you are not alone. I and a lot of us did at the start. I could not foresee where it was going nor that it had nothing to do with my understanding of free trade. I thought it meant an end to duties and trade barriers between countries, full stop.

  • tom_billesley

    Globalization is making people pessimistic, not so much about their own future, but about their children’s.

  • Denis

    globalization is designed to and has only benefited the elite. read Amy Chu’s book to see some amazing details of just what it has done to poor countries.

  • Jessiemac

    There is some talk of returning the US to a regulation of how many media outlets one person can own. We used to have such a regulation and when it was dumped (first step of globalization propaganda) we have ended up with six moguls owning all of the US media. We need to go back to only allowing the ownership of no more than two media outlets.

    Also, some of the talk shows have pointed out that any media that prints/broadcasts its support of a candidate should have to declare that print or broadcast time as campaign/political contribution. What do the readers here think? Especially the Canadians.

    • But bear in mind that legacy media are not nearly as important as they used to be.

    • simus1

      A problem with many facets in many areas.
      The tire industry and car industry were once huge employers because there was once massive ever growing demand for cheaply made low mileage tires and fall apart autos needing much repair work that were very cost effective under mass production. But new technologies and materials which solved problems making quality high mileage radial tires on a massive scale were also added to foreign located factories with huge home markets that could reach us via container shipping systems at very competitive quality and prices.
      Just remember that rent seekers always stand ready to accommodate demands for higher tariffs on foreign goods if you want to pay much higher prices for domestically assembled stuff probably stuck together by temporary foreign workers.

      We are never going back to the glory days of highly paid unskilled labour turning out mass production junk in Hamilton.
      Large appliances excepted – for now.
      Interesting that governments have been interfering so much in that area and quality continues to plunge.