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

Share