The globalization backlash: A new world economic order? | Business Beyond

After World War II, rising consumerism and a reduction in trade barriers led to an ever more deeply connected and interdependent global economy. As more goods got to more people more quickly, the United States emerged as the world’s undisputed economic superpower.
But in recent years, there’s been a backlash to American-powered globalization. The turmoil and uncertainty unleashed by the financial crisis of 2008 was followed by a rise in populism and protectionism around the world. Recent events, including the Covid-19 pandemic and Russia’s war in Ukraine have exposed further fractures in the global economy. This has led to a debate about an alternative economic order. China's rapid rise, as well as the establishment of economic alliances like BRICS (Brazil, Russia, India, China and South Africa) have led to speculation that the era of US-dominated globalization could be coming to an end. In this edition of Business Beyond, we ask: has globalization had its day, and if so, what will come in its wake?
00:00 Intro
01:48 A unipolar world, coming undone?
03:48 The big question: China
06:03 An alternative alliance? The BRICS
07:59 Stuck in the middle - India
10:31 Breaking up the old order - Russia’s dream
12:43 The battle of the superpowers - two systems or one?
14:32 Conclusion: A new order?
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#Globalization #Pandemic #UkraineWar

[@kennethenston9562]

As someone who has been following the development of history all my life (75 yrs) I have to commend the producers of this documentary. The synthesis of the wide-open possibilities is remarkable. The fact that it comes to no conclusions is just a reflection of how open the future is - we 're on the doorstep of a new world. If you're wondering whether you want to listen to this, believe me, you should.

[@jxiros827]

So you were watching the news in your diaper? And what is your take on why we need to back down to Chinese Communist Party?

[@kennethenston9562]

@@jxiros827 You eitheer didn't watch the video that's beeing discussed here, or you're incapable of it.

[@gregorysagegreene]

If you think you're on a doorstep, you should get the hose ready. There's a firestorm just off the back porch.

[@GuardateDJ]

Acceptance of impermanence. Of course globalization will not last 200 more years. Question is … when do we accept that we can come up with a better solution to host 10 billion people. we should be smarter and avoid countless suffering. But than I think.. we are just animals anyway…

[@jxiros827]

@@GuardateDJ as long as we don't head towards a society like China's.

[@tutubee507]

The intelligent leaders for sure knew this could happen, but greed is more powerful than what is right.

[@richardshane2080]

That "greed" you speak of is innate in every entity on planet Earth...this greed is kinda a propellent for existence that has come under intellectual observance....many humanistic behaviors are under discreet analysis...this tidel surge of global reality has an influence on the civilized world at the moment that is being observed in the soo called "real Time" phenomena experienced by many in 2022...our basic reality is "eat

[@Ryanowning]

With you saying that it's genuinely hilarious that people think peace is what's coming now that America has withdrawn from the world. RIP world order. It's been fun all.

[@richardshane2080]

@@Ryanowning people have been trying to predict the future since the beginning of time good luck... Peace and love always enjoy your ride

[@Ryanowning]

@@richardshane2080 When people predict the future they have a chance to be mistakenly right, but then, if you stop looking at individuals and remember that humanity has no free will you can identify the causes of action. There's a particular line of reasoning that has predicted everything correctly nearly 100% of the time relating to human decision making outside the scale of the individual. It's unfortunate that it's only a decade old, but it has correctly predicted everything including economic turmoil. Demographics and economics are destiny.

[@rka-truthalwayswins5127]

It's funny that USA's Biden talks of "Democracy vs. Autocracy"!! Yet! It was the USA which brought autocratic China into WTO & "globalization"!!

[@natalieruss599]

I THINK I'M BLESSED BECAUSE IF NOT I WOULDN'T HAVE MET SOMEONE WHO IS AS SPECTACULAR AS EXPERT AVA LIO I THINK SHE IS THE BEST BROKER EVERYONE SHOULD BE PROUD OFF

[@mavelldenis307]

Yes I'm also a living testimony of expert mrs ava.

[@mavelldenis307]

Crypto currency and NFTs will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% money online with her.

[@marann1065]

@@mavelldenis307 Often times we just look for what to invest in and usually encounter this problem it's either the money is too huge for he/she have to invest or it could required more than expected. Cheers!!

[@kevinbrian9332]

@@marann1065 People are scared of investing because of the high rate of scammers.

[@Vivian-vp9ft]

@@kevinbrian9332 I'm from Indiana i have been an investor with ava in cryptocurrency for over 4years now.

[@benng5754]

India and China has always had this love and hate relation. Over the years China and India have come together in order to sort out problem. Both country will stand for development. Both countries are thousands of year's old. It never had any conflict in history. It's only in this 1and half century relation are tensed. Both countries can come to terms and work together.

[@user-kh5jz1vg5d]

Definitely bad peace is much better than good war!

[@spunkinator5000]

Unfortunately they're destined to fight over water. Coming to terms and working together will be impossible when it comes down to which country wants water for its people.

[@dhank2242]

@BenNg Pipe dreams

[@jordie4423]

The west is happy to see India prosper, as the biggest democracy in Asia. It would be better to continue to diversify the supply chain and become less dependent in autocratic regimes like Russia and China

[@Sugabullets]

It's not globalisation, it's the deals that were set in place.

[@gjerrildkro]

Nobody wants to be poor anymore. Everyone wants a new pair of shoes.

[@socialistsolidarity]

I didn't know that people enjoyed being poor in the first place. 🤔

[@rtquest22]

That "nobody" needs to start managing it's finances from the ground up and learn how to gain and accrue wealth rationally.

[@arun86713]

@@socialistsolidarity You should see elections in Asian countries.

[@Ryanowning]

Meanwhile the world itself didn't get any richer. We're all still vying for the tiny piece of steak and now that the US is done being the world's police we'll see just how long it takes before the dogs of war smell the steaming steak. The Russo-Ukraine war was only the beginning.

[@haynesatteh4463]

Intriguing, I always knew there was more to life and i have also been looking for a way to find not only protection but a way to be influential to the human society, wish to do more and give more than i am doing now, always feel like i was born for something greater.

[@jamesbennett3843]

oh well you can achieve all that and even more by being a part of the illuminatus brotherhood, i know it sounds like a mystery but there are ways you can actually get in contact with them.

[@haynesatteh4463]

@@jamesbennett3843 hi, i thought the brotherhood is a myth, i mean i have heard it exists but never really been close to any elite of that nature.

[@jamesbennett3843]

@@haynesatteh4463 Well it is not and you can't actually expect it to be open to everyone, but if you want to know more about the brotherhood, you can look up ANTHONY MARK SZYMON online, you will find something interesting.

[@haynesatteh4463]

@@jamesbennett3843 oh really, wow i just saw his website, interesting.i will leave him a message, thanks for your help xoxo.

[@queenbola2068]

@@haynesatteh4463did you finally join the Illuminatus brotherhood

[@markfomenko8873]

I was born in 1954. My father worked at what is now Exxon for 42 years. He never had a supervisory position. He was able to buy a house, raise 4 kids, put two of them through college, and buy a new car for cash every few years, all while my mother stayed at home managing the household. They retired comfortably. Now, here in the U.S. 2 income households are often barely able to remain financially viable and retirement may be impossible. Globalization is in large part responsible for this. The unfettered corporate greed culture advocated by economists such as Milton Freedman led to globalization. The looming climate change crisis will force drastic change. What that change will be is unknown.

[@kennethenston9562]

Yes all the increased profits over the past 50 yrs have gone to those at the top. I think it is well established that real wages haven't increased since 1973, if they haven't gone down. I was born in 1946, and my father was a machine operator in a clothing factory, but he was able to buy a house, etc.

[@kishorbhat743]

Things looks similar in India. My parents generation was able to raise 4-5 kids without much financial burden but current generation needs to carefully plan kids. Globalization is mostly responsible for income disparity and as a result rich became richer and poor became poorer

[@susank4878]

Jack Welch's trashing of GE, which before him was called "Generous Electric" started the corporate greed and the impoverishment of working people, while more and more of the top 1% became billionaires. The loss of our industry as it shifted to low wage countries continued to attack the welfare of ordinary people. I hope that China's greed and military aggression will continue to encourage the US to disentangle from China, which is notorious for stealing technology and intellectual property. We as Americans don't need official action to change our balance with a China which teaches its young people seething hatred of us, and which is building a huge military thinking that's all they need to just take whatever it wants, with no consideration for legality or world-wide norms. We don't need major government action, because since China still makes most of its profits from selling manufactured goods, and the US is its #1 customer, we as individuals have the power to avoid buying anything at all made in China. Xi's temper tantrum about Taiwan (Nancy Pelosi's visit was just his excuse, he had already planned the military response) has shown the whole world and especially the American consumer exactly what his intentions toward us are. We don't need to buy a single thing from a bunch of bullies. His country is already so corrupt that a very small push from US consumers may be enough to speed its collapse. For the sake of the Chinese, I hope that after this China collapses they find a way to make a better government.

[@redwhite_040]

@@kishorbhat743 It's top 1% rich that's has endless greed and hunger for more profit. The 99% rest of the world have to work till death.

[@s546813]

Don't blame on globalisation, is the distribution of wealth in our society which is the role of government. Blame on corruption.

[@jimbo770]

Globalization definitely is showing signs of declining. The supply chain induced shortages during the initial period of the COVID pandemic show that geographically extended supply chains (those initiating in Asia) are no longer a viable solution for reliably sourcing parts/subsystem components for US based manufacturers. This problem likely extends to European manufacturers as well. Re-shoring is going to be a requirement to re-establish reliably secured supply chains going forward.

[@ferdomravec1520]

Yes, and we return back to 1930s isolationism with everybody playing Trump with "my nation first" .... we know how those years ended.

[@martins3885]

@@ferdomravec1520 yes because Europe comes first, protectionism is best way

[@buildmotosykletist1987]

@dictatorofneptune ; Globalisation has it's roots in 'Cheap Labour' and 'Fossil Fuel Usage [climate wars]' more than any other reason.

[@druggy1868]

I don't think it is declining at all. If anything it seems to be accelerating. It's only that its effects are starting to show and some people are getting uncomfortable. Both covid-19 and the war in ukraine revealed just how heavily reliant we are on each other now every country in the world is reeling from the effects of war in the ukraine and in an effort to solve this crisis both the west and russia are seeking closer partnership with the rest of the world which only drives further globalisation. At this point globalisation is a necessity not a convenience and despite the growing pains every country has no option but to comply.

[@mikhailsharon4331]

China?

[@Robertgriffinne]

My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.

[@Natalieneptune469]

As with any big financial decision, it’s important to keep your guard up for economic risks. However, smart planning, time management and seeking advice from a financial adviser can help keep you and your money safe.

[@marianparker7502]

I agree with you. I ventured into stock with less than $100,000, and now I'm about 17,000 short of half a million dollars. Credits to Nicole Ann Sabin . She's verifiable.

[@Robertgriffinne]

@@marianparker7502 wow, this is really impressive, who is this advisor?

[@marianparker7502]

@@Robertgriffinne Nicole Ann Sabin Look her up online

[@tradekings5433]

I just looked up this person out of curiosity, and surprisingly she seems really proficient. I thought this was just some overrated BS

[@Scar626]

For globalization to have worked I think compromise would've been necessary. So when a country says please don't do the following and another country just blindly ignores that request, I doubt it would've ever worked. Right now I see no one willing to compromise their relentless pursuits, unlike the days of the Cuban missile crisis. Where one side gave up their pursuits for the exchange that the other side compromised something as well. I don't see that happening anymore, so how I can nations overcome the differences?

[@Daniel-yh9dz]

Agree. Compassion brings people together, aggression divides people. Personally and nationally.

[@FrancescoDondi]

If one country makes outlandish demands that it has exactly zero rights to, completely ignoring absolutely is an option. Countries should cooperate for the same reason that the baker makes bread in the morning: not because someone asked please, but because it's in their interest.

[@hollybigelow5337]

Sometimes compromise is in everyone's best interest, but sometimes it is also important to maintain your own identity. For example, some control freaks in my HOA tried to pass an HOA rule that every single condo owner had to paint all of their internal walls with the exact same shade of paint. It is fair that our external walls are all the same color, and we have to come together to compromise on which color that should be because we want our external walls to be harmonized. But what color I paint my inside bedroom should be completely up to me. These same people also wanted to pass an HOA rule that every resident had to keep their curtains in every room open for a certain number of hours per day so he as a self-appointed vigilante could go through the entire neighborhood making sure he approved of everyone's interior decorating style. For example, he had happened to notice a neighbor was storing a few clothes in their front room, and he wanted the HOA to force them not to ever store clothing in their front room under any circumstances. The scary thing was I think he had a majority of HOA members on his side. They were ready to pass these measures. The only reason they failed is because the HOA lawyer was present at the meeting and told them even if we had a unianimous vote to implement these measures they were all illegal and couldn't be adopted. I know I am talking about a small community, but these same principles apply to large communities. Like our external walls in our HOA, there are some things that it is helpful for all States to agree to and cooperate on. But like the walls in my bedroom, there are also certain rules that it makes sense for each State to decide for themselves. There are some things it makes sense for nations to cooperate on and compromise on, and there are also some ways that people from different countries with extremely different cultures and extremely different values should be allowed to decide for themselves. For example, I personally believe it should be up to Saudi Arabia if they want to have a law that women need to be fully covered when they are out in public, and in the United States for us not to require women to be fully covered. It isn't a life and death thing. A hijab has a very different meaning in Saudi Arabian culture than it has in American culture. I especially support those measures if there is a degree of freedom in where people live so that those who want to live in a society that values modesty can choose to live in Saudi Arabia, while those who value religious freedom and who have a different standard for what they consider modest can choose to live in the United States. However, if women in Saudi Arabia are being executed for converting from Isam to Christianity or for studying Engineering and those women have never been given a chance to say live in the US, so they didn't agree to living in a society that expects women to never study engineering and to never convert away from Islam then the situation is serious enough that we might need to interfere a bit with their sovereignty. It's all about balance. A World Order doesn't allow balance. It expects every community and every culture to sacrifice personal preferences and the things that make them unique and beautiful and interesting to conform to just one culture and one set of values. It also shuts down disagreement and thinking outside of the box. World cooperation is definitely desirable, but a World Order where everyone is controlled from a central place made up of the self-appointed elite is not something I ever want to see. I love many beautiful parts of French culture. I have no desire to control France or to turn France into the US. I don't like the Communism part, but there are many parts of Chinese culture, especially ancient Chinese culture, that are beautiful and contain a ton of wisdom. I have zero desire to control China or to make China into the US. I also believe the US culture has a lot of unique aspects, and I certainly have no desire to be controlled by China or France or to become China or France. I definitely hope for a world where France and the US can cooperate peacefully to make the world a better place. I definitely hope for a world where China and the US can cooperate peacefully to make the world a better place. I hope as neighbors we look out for each other. But we don't have to surrender our uniqueness to be able to cooperate.

[@krisjustin3884]

An excellent, balanced documentary focusing on facts and well informed opinions without resorting to negative perspectives to undermine another person or nation. That’s what I like about DW - clearer attention to objective reality! From a proud subscriber!

[@darkhorseman8263]

Part globalization, part intelligent protectionism of strategically important goods and jobs. It's not one extreme or the other.

[@blardymunggas6884]

The world is never more united Against the U S A. Thank you Putin. World peace soon after the collapse of N A T O and U S A

[@seymorefact4333]

🇺🇸 American depend on slave labor overseas. Because our people are aging lazy obese drug addicted unreliable expensive workers! Until we work for $2 a day , 80hrs a week, with no benefits. Get rid of ALL environmental regulations. JOBS ain't coming back to USA.

[@hidesertroamer]

That’s a good theory. But aren’t we letting corporate decisions control our job markets and our citizen’s prosperity too much? They upend an entire region’s economy by deciding to leave to where labor is cheap. But still control many of our representatives’ decision making, and American policy, in spite of essentially only selling goods here. Money in politics is at least as big a problem as globalism. Most Washington representatives are for sale. It leads to very detrimental decision making for the population at large.

[@thorstenroberts4726]

The mistake this video makes is the assumption that the global order isn't constantly changing. The US GDP is largely dependent on central bank stimulus to fund a massive trade imbalance. It's arguably what has led to low inflation coupled with low affordability for the last 14 years in the western world. Americans had cars and TVs in the 60s when they were manufactured in the US. What America didn't have was billionaires. shifts in globalization is an oligarch problem.

[@frankprit3320]

in other words GREED!!

[@cornelianeagu611]

I think that globalization should encompass many other points of view, especially when we are talking about concentrating wealth in the corporate elite, disrupting industries and making local economies more vulnerable. We have to protect local economies that could easily get disrupted. Globalization increases the returns to capital in rich countries and decreases the returns to labor in those same countries. (because of their cheap labor). With globalization we may lose values, precious cultural practices, and languages. I also think that globalization has empowered multinational corporations at the expense of governments and citizens.

[@nowisgodinyourlovelylife717]

Basically we from the West unleashed the wild capitalism practice and the power we gave to firms to exploit, destroy the environment and use labour force from fear of poverty to always accept the minimum exported to autocracies years ago. Now guess what, we helped them to enriched by the same means and we're not friends or very called enemies disputing for more military might

[@larry3648]

Agreed. Protectionism however brings a host of many other problems. For example; who is protected? Who decides who is protected? What of the people who lose out to the newly protected? Why should we have to serve the corporate elite? Who would replace the corporate elite? Will it only be a reversal to times when dictators decided who is protected?

[@a.r1832]

In other words: the problem with globalization is, the problem of globalization?

[@analyticalmindset]

Agreed. That's why we need a change

[@kennethenston9562]

If the vetos allowed to the "5 great powers" in the United Nations security council, we would have the makings of a democratic world government. But voting power would have to vary at least according to population, and since the USA, etc would never agree otherwise, according to something like GDP.

[@patrickskramstad1485]

As long as individuals believe they can have a profitable deal with China or any other country, those individuals will continue to do business with them. When those individuals lose trust or faith in their dealings, then they will do something different. A continuing open and honest dialogue during these stressful, disruptive, and deceitful times can help maintain trust and keep all economies stable. Create a harmony if you can.

[@Nobleheart111]

Not possible with China.

[@natbirchall1580]

You don't need to decouple in a week you can take 2 or 3 decades what is the problem.

[@colinsmith2488]

India needs to start restructure its economy and social systems and repositioned itself starting now, because in a decade or two the US and the EU who are China's biggest trading partners will inevitably forced to decouple from China . It also needs to re-examine its relationship with Russia because sooner than later Russia will be subservient to China who is its biggest morbid enemy ,so there is hardly any future in its relationship with Russia going forward

[@jirachi-wishmaker9242]

@@colinsmith2488 Sino-India or Indo-China tensions dates back to 60's. It is one of the calm period in last 6 decades (despite border standoff).

[@buildmotosykletist1987]

Nope, "Decades" is far too long and "Weeks" is laughable. Inside a single decade is realistic, 5 to 7 years probable.

[@suhaslamkhade5265]

@@colinsmith2488 India need to isolate itself more and created it's own independent economy like it was for centuries. Why should India sell finished goods to foreign markets for their piece of papers? Western economies are not real.... they are mostly based on services.... kind of Ponzi schemes. In real material output China dominates followed by India. American dog Narendra Modi and his so called Hindu nationalist clowns not gonna stay in power forever.

[@rka-truthalwayswins5127]

@@jirachi-wishmaker9242 India China tensions boiled when China invaded Tibet! Else India & China have had great relations for thousands of years as the world's biggest economies & culture centers!!

[@MuhammadAfzal-un3bs]

Really a fantastic commentary. Love that!

[@clivemalunga6061]

The world global order is changing, it has changed for the better. We don't want to be punished through vicious sanctions, but to be equal partners on the world stage. We are one human race, why the sanctions?

[@Cassp0nk]

On who?

[@word42069]

sanctions because of a bloody evil war perhaps?

[@clivemalunga6061]

@@Cassp0nk On Zimbabwe for taking back our God given land. Why should we be punished for what is rightfully ours? World order has to change.

[@dennykeaton9701]

@@clivemalunga6061 No idea what your on about.

[@John-vp1ej]

Great piece overall, and thanks for the great content... my only criticism is the background music. I think you need to ease it back in the audio mix (probably take some of the high end out too) it started to become a bit distracting towards the end there especially. Other than that, thanks DW! :)

[@agritech802]

Well done on a great documentary. imo it is fine to trade on a global basis as long as it is spread out for supply security. However, the West should minimize the amount of business it does with Authoritarian regimes, all we are doing is giving them more money to continue carrying out the same abuses. We should also be careful not to import inferior quality product that does not last, ends up in landfill and damages the environment

[@lowwastehighmelanin]

Minimize? It needs to be eliminated. Any business done is legitimizing their insane behavior.

[@888strummer]

America's main problem is the shrinking of our middle class. That has always ben our main advantage over China. More Americans are motivated to work hard because they can have better lives than the average Chinese worker. But as America's middle class struggles to get paid a fair wage and inflation swallows up their pay checks; the motivation of Americans is slipping. This needs to be fixed in America ASAP or American labor production will slip and China can overtake us

[@danielarcadia7243]

Nope ...America is going hard right ..short supply lines ( kills all idea's of foreign Ind subsidies used in supply lines ) .. domestic manufacturing ( England and EU is not included ) ... think more a case of Fortress North America ... we have nothing in common with you ... you are crashing by every metric ..Oooo as you know Biden admits American oil / gas is going to highest bidder ( EU/England ) using trashy currency printed out of think air ... lol .... bets that ends with in a month ...lol

[@AB-fi5jt]

US becomes an authoritarian regimes in the world’s economy, it’s much worst for the world than any type of “authoritarian” system inside a country.

[@francotheafrican7550]

@888strummer You just nailed it right there! The disappearance of America’s middle class is basically due to our capitalist policies. This whole debacle between The West and East boils down to, “Would you rather be controlled by an Authoritarian Regime or Be controlled by a few wealthy oligarchs in the U.S. under the guise of a so called government system called ‘CONGRESS,?” As much as we in the U.S. would like to believe we are free and make our own decisions; it is not so. Everything is being directed and orchestrated on a chest board. It’s just a matter of who is pulling the strings. Do you want an Authoritarian System doing it? Or Do you prefer a “Democratic” system that’s controlled by the 1%? Democracy would be ideal if corporations didn’t have their sticky fingers in the mix setting our laws, policies, and way of life.

[@markpukey8]

Love the graph at 2:43 It really throws the magnitude of globalized trade right into your teeth. And if it does unwind... probably into several smaller, regional networks, it's hard to see the total volume remaining even 1/4 of what it is today. The implications are overwhelming.

[@kennethenston9562]

I was impressed by that graph too.

[@theredtechnician]

The graph is deceptive at a glance cause it looks like the difference 2010 and 2020 is larger than 2000 and 2010

[@davidmizak4642]

You deliver excellent content to your audience. It's very interesting material. All of your effort put into creating this video is much appreciated. I'm truly grateful for your help!

[@roxasabela3218]

Very very good content... Kudos!

[@MasterDk78]

I liked the info, thank you for sharing.

[@jimpickins7900]

I agree with this and all I hope is that the move from globalisation to regionalisation is as slow as possible as doesn't happen within a decade after some crazy war where the old world order is humiliated

[@natalie8NB]

The social and financial interdependencies vs. competitions are well out in the open. Peter Zeihan's perspectives on deglobalization and the demographic-impacted gearing of the evolving world order is broader context and quite an interesting addition to this report's content

[@ryanfillmore]

Very interesting. As a Canadian, I see globalization as the second biggest scam created by westernized economies & aligned nations, the first biggest scam being trickle down economics. Continental self sufficiency in all industries/markets should come first, then build an open trading marketplace for westernized countries to participate in. Authoritarian countries should be isolated and excluded from trade with westernized economies. Next, stop measuring economic health by GDP because debt driven economies and policies have continuously driven down wages & disposable income for the 99%, fueling the anger, resentfulness and hatred between have & have nots, political parties & personal beliefs that the democratic system is refusing to address income & wealth inequity. A countries economic health should be measured by how little debt exists, income parity & equity, reducing the population of the 1% and happiness.

[@gregorysagegreene]

I like what you are saying, but the Systems contrived work against all this as a matter of existence. I am beginning to realize that many of our problems, such as rampant homelessness and unemployment coming out of recessions are a necessity to the system. They are a feature, not a bug.

[@tt3local918]

Well said. Mate you put it well. People from Europe especially must stop this thing of undermining Africa, Asia and so called 3rd world countries who have the resources, becuase without out us Economically there is no "EU" economy whatever that means. Times are changing look how MBS just fist pumped Biden like he was nothing, go there and begging for oil

[@nehcooahnait7827]

I thought you were gonna say something smart and then here we are

[@tt3local918]

@@nehcooahnait7827 in the future please use the "@..username" functionality when replying because people do not know who you are directing a reply to by using "You". Remember that In the context of a youtube discussion, there will be a lot of comments so using Subjective personal pronouns like "You, she, he, it" is not going to help you get your point across when attempting to reply to someone. Capeesh Uomo?

[@markpukey8]

I agree with most of your post, but I think you probably define "globalization" differently than I do. As far as I can tell, the global free market access as defined and enforced by the US has resulted in a far larger percentage of the human race, all over the planet, living longer, healthier lives with access to capital they had never had and which they use to develop their internal economies in ways they never could in the past. A side effect of globalization, which started in the Bretton Woods Accords, also ended European Colonialism. Britain didn't just 'decide' not to crush smaller nations after WW II, they were prohibited by the terms of the BWA. You may define it differently, but it's far, far, FAR from a scam to the billions of humans who are alive today because they had food, medicine and parents who did not die before having kids! But Trickle Down Economics IS the worst thing the US ever did to the world. On behalf of all the sane Americans, we're very, very sorry we did it here, and that some of your governments got in on that scam too. And you're dead right that GDP is a terrible way to measure national success. We might debate the details of what is better, but the idea that ANY WEALTH is good is purely nonsense.

[@isoryte201]

The world needs and wants globalization. But not the globalization defined by the current US hegemony controlled by 1. its Reserve currency status, which gives US the privilege to print any amount of money and the whole world pays for it, 2. its financial system, which US uses to control other countries participation in same global trade, 3. militarization of the world, with military bases and alliances, to enforce a Jackboot "diplomacy" and US economic interests all over the world The world needs a globalization supported by 1. No reserve currencies - we can work with local currencies and/or Index/bloc currencies. Geographical areas can develop their own regional/bloc currencies as a coordinating index currency(e.g Euro) for their local currencies and for use in int'l trade with countries outside their bloc. 2. No collective sanctions - country A can sanction country J, but wouldn't force the rest of the world to do same 3. No stealing of another country's assets in the name of sanctions. if country C sanctions country M, it has to release country M''s assets in its possession to country M 4. No military bases and alliances - a UN military defense force can secure peace among countries

[@Rob_F8F]

You solutions for a non-US based globalization is fundamentally not globalization. Your first point on having localized index currencies is regional and not global. It recreates the colonial system where there was a pound bloc, a franc bloc, a person bloc, with not a single global hegemon, but multiple regional hegemons. For the non-hegemon countries, they remain as disempowered as before, but with fewer trading partners. Your second point on non-collective sanctions doesn't work in the local trading blocs that you advocate. These trading blocs would have similar positions on trade and would work together against another country or bloc in terms of sanctions. Even if non-collective sanctions could be magically imposed, it would lead to a greater risk of military conflict. Sanctions are a non-violent step in the conflict escalation ladder. If sanctions are limited to Country A and Country B, the former may find that its sanctions are woefully ineffective and determine that military action will be the only effective means foe conflict resolution. Finally, your suggestion that the UN should be imbued with supreme military power is the stuff of fantasy. How would the UN decide to take military action? Majority vote? Super-majority vote? If nations are unhappy with the decision of the UN, they would initiate military action on their own. The trading blocs that you advocate would probably work together despite your "no-alliances" rule. The world would be back to warfare of the 19th and early 20th century with coalitions. There may be many major issues with the current system, but your solution solves none of those and just makes the world a more violent place.

[@Suksass]

1. Not gonna work. 2. No one is forcing anyone. 3. Why? 4. Ha ha ha. This is hilarious. You are a jester. UN army keeping peace. LoL.

[@PikeProductions23]

That would take a whole lot of international cooperation which I don't see happening. After all, the permanent security council nations can't even agree on Ukraine-- one is the primary aggressor and three others are heavily supplying the opposition. There's no way these five nations could work together to keep global shipping lanes secure. Maybe NATO could do it (assuming other NATO countries are willing to spend as much on military as the US does), but certainly not the UN.

[@stevenkraft8070]

Your proposed solutions would result in human rights/democracy/colonialist/military disaster. It would allow current neo-colonialist aggression like in Ukraine to run rampant. (How well does your proposed UN military look, given the current stalemate over Ukraine in the UN Security Council?) In ending the current alliance systems you would be forcing many European and East Asian states to build their own nuclear arsenals to prevent domination by Russia, China and other potential aggressive powers, and do away with the ancient diplomatic truth that nations are free to choose their friends. Your #3 option would basically force nations trying to peacefully oppose aggression to hand over resources to those same aggressors, whereas freezing of foreign assets has been a diplomatic tool for hundreds of years. #4 is a bad joke--the UN as a military force has already been tested and failed the test in places like Bosnia and Rwanda, and as I said earlier it will be held hostage by any member of the UN Security Council that has a veto. Honestly, I can't figure out if you are a huge admirer of Vladimir Putin and Xi Xingping, or just hopelessly niave about the actual global geopolitical reality.

[@isoryte201]

@@Suksass If we are to continues with the mentality of military might, remember that men in flipflops chased away the "biggest military" in the world and military technology is not resident only in one part of the world. If military power decides, then no country will win any wars.

[@vergelab3399]

great episode, like to see more on this global shift

[@robertsanders7060]

The post-democratic model - Turkey, Brazil, India, Hungary, etc. - is gaining ground while the North Korea model is also becoming more prevalent (Russia, China). We live in dangerous times.

[@Karthik-ut3vo]

This not for long. But I can say America gaining more and more than others countries...

[@Mrac-zz8vh]

Hungary is post neoliberal, certainly not post democratic. The gov has the biggest support out of all EU country's governments. Apart of the Hungarian none of the EU governments have public support over 50%. By definition it is the most democratic governance in Europe.

[@robertsanders7060]

@@Mrac-zz8vh Hungary is post democratic.

[@monishboro8648]

Just because you go vote for 2 party system and a president do you are free? USA is a police state and will become more oppressive in the future.

[@jirachi-wishmaker9242]

India Brazil Hungary is not as same as Turkey. Not even close. Is it some kind of joke?

[@moziburrahman5002]

Thank you for the good wisdom, thank you for costing the common people of the world, thank you again for lifting the blockade

[@johnenfrance7349]

Hi DW, good piece. When you call globalisation... that thing we have blind faith in... who answers the phone? A pity you could not have had Chinese think tank folks to balance the piece.

[@DSBW]

I hope it stays competitive on the economy side, not on the weaponary side.

[@WAGNERMJW]

Entirely unrealistic. The number 1 priority of the CCP is it's survival as the command authority without rival or accountability and everything over which it can control or coerce will be used to achieve that end.

[@Mrac-zz8vh]

It is funny how that Europe is not even mentioned in this relations. It is the second biggest economy and has the second biggest population out of them. Also about 20% percent of the Global economy. So who ever the EU allys with(BRICS or US)..it makes it twice as big as the remaining one. Economicly, potentionally militarily, in natural resources. Not saying Europe needs to side with BRICS, but handleing it as a disposable economic war tool is loughable.

[@FALprofessional]

I would be more surprised if the EU *doesn't* align with the US. There have been some sore feelings, but the US has generally had extremely close ties with the largest economies of the EU. It is also actively strengthening ties with Ukraine, likely to become an EU member. Not to mention the obvious strong military ties via the ever-growing NATO. With the addition that the EU will become more dependent on US natural gas going forward.

[@misterqiu-zic3d162]

@@FALprofessional I do NOT want to be led by NATO or by the USA, Europe must also refuse any interference from China but especially from the USA, the Europeans are unable to make a decision without the orders of the USA and we really have it fed up, the USA has a record number of homeless families and people on the streets and sends billions of dollars for weapons... here in Europe we do everything to house and help them

[@robertbones326]

I don't understand this expectation that Europe will side with BRICS, given the BRICS identity is very weak and cooperation among member states is low. BRICS isn't NATO or the European Union.

[@jbrown8601]

The USA has deep cultural ties to Europe. The brics have no real ties to Europe or each other.

[@buildmotosykletist1987]

@@FALprofessional : Ukraine will never be a NATO member in the foreseeable future. [ Even Zelenskyy says that. ] It may be come an EU country.

[@divinahorsewoods7747]

Abused citizens should be given a voice to root out corruptions, crimes, etc., for truth and justice because those who are getting the benefits from any system don't want to rock the boat.

[@davidpilgrim3455]

Hope so !!. Here in Latin American countries, globalism brought losing millions of jobs, poverty, recession, inflation.

[@llamaboss1434]

Accurate. It's not clear that globalization has been good for most nations middle class across North and South America. However globalization allowed a middle class to begin emerging across Asia, Africa and the M.E. which is where most humans numerically live. The America's aren't overpopulated (still have mostly cheap food, energy, fresh water, space) and have access to most of what they need. New world power will likely be USA, hopefully stabilizing the America's. With most of the rest of world in some form of obvious decay, outright collapse, and violent competition.

[@sonneh86]

Latin American countries for poor mostly due to mismanagement

[@davidpilgrim3455]

@@sonneh86 Yeah, and is due to extreme local corrupt upper class and politicians partners. But from high echelon of central globalisms, those behaviors were promoted, animated on Latin American elites.

[@rka-truthalwayswins5127]

@@llamaboss1434 US is losing it's way if it had any!!

[@Lords1997]

Bring on Peter Zeihan!! This is what he’s been writing/talking about for years. He’s an economist & geopolitical analyst

[@ClericChris]

It's far more complicated than what can be addressed in a short news story. Peter does a good job at unraveling it. I'm not convinced what he says is correct but I do think he has a better understanding of what's happening compared to most. It seems like he will be mostly right though.

[@darrenfrancis5790]

I've only known his existence for 3/4 months now and he's going mainstream !

[@Lords1997]

@@darrenfrancis5790 that’s what happens when people discover some unknown whose been preaching the future for years. He’s on the New York Times best sellers list. Very grateful towards his work.

[@darrenfrancis5790]

@@Lords1997 I know i feel like the late ones to the party but once I get his book that's on its way in a couple of weeks, I still will be way ahead of rest of the people who havnt caught on to him, he'll be on Joe Rogan soon and that will be it for the deepstate and China then

[@Lords1997]

@@darrenfrancis5790 get out I didn’t know he was going on Rogan! Well congrats to him, can’t wait to catch that lol. Thanks brother & enjoy the book :)

[@felipesilvapinheiro56]

Another important point. Nowadays, Brazil is commanded by a far right president who hates China and the Communism, our relationship with China is terrible To be worst, Xi wants include Argentina in Brics. Relationship among Brazil and Argentina is also terrible due to ideology of argentine president

[@eelkeaptroot1393]

The more things "change ", the more they stay the same....

[@johndmullin]

I'm a 78 year old retired Navy male from America. I started out an ultra conservative, john birch was on my left. I've watched a lot of programs about America and how it took advantage of everyone we touched. It's time to tell the real story of America and corporate greed. An article about all of the elected officials in Central and South America that we had replaced by dictators would come in handy. Why do we hate Cuba so much? If you want to destroy any country just say the word "Communism" and America will do its best to undermind it. Anyway, great article thanks much John Mullin

[@Ryanowning]

Yeah, communism did seem scary, but we genuinely weren't trying to get rich off it. It all actually was about stopping communism. Wealth was just the happy accident of putting boots on the ground all over the entire world. Blind sided us, really, after all we didn't engage in imperialism. The stuff people call "imperialism"? LOL, China wants to correct you in the following decade. You think what the US did was bad? Take a seat, boy have the Chinese got a show for you.

[@alchemist7412]

Look at the pictures of Afghan women during communism & after US backed "Mujahideen" take-over. Mujahideen later changed their name to Taliban.

[@monkeyking-self-proclaimed7050]

The truth will save America and the world.

[@Ryanowning]

@Michelle LOL, you think America is bad? LOL. China is going to prove you wrong.

[@tdtvegas]

Globalization to the average U.S citizen has been slow speed poverty as our good jobs have been shipped overseas.

[@noggin48]

Yes, the snuffing out of the globalisation, is definitely a good thing for all of the ordinary people everywhere!

[@druggy1868]

You couldn't be any more wrong. Give me the basis for that belief coz from where I sit globalisation is not only good but necessary for humanity to prosper. It is also impossible to stop it now so you might as well get used to it.

[@Justyn_Lim_]

Get ready for much higher costs of living without globalisation. All the affordable and stable prices you have enjoyed so far in the past decades was the direct result of trade with other countries around the world. Because of the pandemic, war in Ukraine, and China's decline in growth, inflation will rise. In fact, if you're an American, you're already feeling the effects of the decline of globalisation, from rising prices of oil/gas, and other basic commodities. Without globalisation, the price of your average smart phone would have been twice the price.

[@DAB_1903]

I don’t think so. It may be pausing, or slowing because of the current geopolitical situation, but I think it is macro trend and it is not going anywhere. People think of it as a political phenomena, but it is more a technological one. Globalization has happened ultimately, just because is posible, and there are economic incentives to it. Economic retrenchment would only work if all economies do it. If not, the economies that remain open will disproportionally gather the benefits of it, generating a dynamic that makes opening to trade trendy again. The genie is definitely out of the bottle, the profit incentives of globalization can just not be unseen.

[@uncriecrasant]

Unfortunately, some old-world powers prefer to call the card of chaos, in a desperate attempt to survive. So sad and so dangerous. If not "their way", they rather see the whole world suffer in destruction. I won’t call names, but those rigid “leaders” are easily identifiable...

[@gnhonho]

The US has been printing unprecedented amount of money for over 20 years. Are we really surprised by inflation, since every other country has to buy dollars - and therefore import inflation?

[@unconventionalideas5683]

And now that the US has shot interest rates really high and maintained interest rates higher than most other countries in the world prior to the pandemic, which should in theory be cooling the inflation rate down, as it has slowed down QE and other measures dramatically, for the second time since the 2008 recession, why wouldn't global inflation be coming down?

[@sportsfanivosevic9885]

The US dollar is based on debt. It is only powerful if others use it.

[@ASH9366]

Great news report 💳

[@aminech1027]

As a citizen of the world, I think that we live in an unjust world. The global order only benefits few people. It was designed to make the poor poorer, and make the rich richer. For instance, How come India, one of the greatest economic nations in the history, a huge number of its people still live in slums? Why African countries are prohibited from transforming their raw materials? Why in 21st century we still have poverty problems ? why do students in some countries still have to walk 10 kilometres to get to school or to the nearest hospital. Why did we design a system that enslaves people, a system that does not care about the human race. Where is the human being in your wealth upon wealth equation. These anti-humanity agendas have to stop. The world needs a system that benefits all of its humankind fairly and equally.

[@carlstereway4327]

Localism is the future of freedom and independence.

[@LuisVargas-ih5vm]

Historically, once inflation has gotten above 5% it has never come back down without the Fed funds rate being raised above the CPI. We're either going to live through an exception, or we're going to see some of the highest interest rates in more than 3 decades. Great tips near the end, I totally agree!

[@kansasmile]

What we are seeing global inflation. I saw it in the news that most countries are all competing for parts, products, food etc. Even nations that managed their rates better are seeing major issues. The glut of money was an issue sure, but the surging demand from nation that re-opened from covid lockdowns played a larger role. Add to this pandemic-related staffing issues, Russia-Ukraine Conflict and the intentional global oil supply problems and its a nightmare.

[@emilyjacobsen9955]

I think we need to stop softening the blow with the word “recession”. This is going to be a depression. 4 top economist agree on this. When the market reached high in mid 1930 it took until mid 1932 to reach the bottom. people can’t buy when they have no food, the trucks don’t have DEF to mix with the diesel to run (in all diesel trucks newer than 2009) No trucks-no food-no fertilizer.

[@gagnepaingilly]

@@emilyjacobsen9955

[@LuisVargas-ih5vm]

@@gagnepaingilly Great points laid out Mario. I am 61 & i have been working almost all my adult life. i am approaching retirement & i think this is the last window of opportunity for me to become a millionaire before retiring, as Recessions are where millionaires are created. Currently i have some lump sum in a savings account and will like to work with a fiduciary financial advisor to achieve my goals. Please how can i reach Theresa?

[@gagnepaingilly]

@@LuisVargas-ih5vm You can look her up as she has an official webpage for consultations. Also, she is verifiable across various Financial Advisory bodies; like FINRA & SEC. According to Warren Buffet "I don’t think most people are in a position to pick single stocks. A few are, maybe, but on balance, I think people are much better off buying a cross-section of America and just forgetting about it" In Other words, you need expert hands to be able to outperform the index.

[@leroygates3239]

Blame World Economic Forum...up to no good😂😂

[@nehcooahnait7827]

London school of economics, IMF, World Bank, WTO, the UK and the US…

[@Arational]

The Just In Time supply chain could not withstand the challenges of the last couple of years. Manufacturers will need to hold inventories of components and raw materials to not get caught again. They can certainly afford to do that now with the windfall profits. There will be a lot of warehousing built.

[@ericramirez2171]

Financial and business concerns may usurp EU's resources, most importantly time to a point where the full appreciation of the beauty of European life is blunted. Let's all ENJOY THE GIFT OF LIFE.

[@blardymunggas6884]

China has not became a super power, China is just recovering to its former glory. China is back. World peace and prosperity soon. Silk road is back

[@joexavier4070]

Ru on high

[@rka-truthalwayswins5127]

@Doesn't Matter Dictatorship as a resource for the corrupt European union technocrats perhaps??!!

[@elizabethmorton4904]

This was an excellent video, and I wish it were much longer so that the issues it reviewed could be discussed in more depth. Take us deeper, DW! Both China and Russia will soon face critical demographic crises in the very new future, and I very much wonder how much that might affect their ability to challenge Western economic hegemony. Another issue is the current political turmoil in the United States. How serious is that turmoil? Might it impact America's ability to lead the Western world in international issues? As to whether globalization will retreat, I don't know, but if it does it might be good thing in many ways. It might be much healthier for advanced, Western states to be more self-sufficient in certain areas, such as capacity to manufacture pharmaceuticals, etc. I don't know what the pay-off's might be to non-Western states, but that doesn't mean that there would be none.

[@changchadchanamdong2668]

Western world is getting tired of liberal lead leadership

[@btrue2day]

To answer your question, find out how did Japan overcome their demographic issues during WW2

[@elizabethmorton4904]

@@btrue2day Thanks for this hint, Jimmy! I will definitely follow up on this!

[@elizabethmorton4904]

@@btrue2day The crisis DURING the war, or the one that FOLLOWED the war? Is this about the "comfort women"?

[@65cquintero]

The soundtrack on this doc is wild

[@endoftheroad6513]

This vid feels like everyone just read peter zeihan's new book and said let's make our own vid about it 😂

[@tooeasyy5287]

Less government intervention is always better. Government is there to set the guidelines and make sure everybody plays by the rules, free enterprise will always beat out bureaucracy.

[@jw7500]

With the added remark that it really needs to step up audit systems and economic punishments for economical crimes. As it stands stuff like cartelization or illegal competition is illegal if you cannot pay the set fines, if you have a billion dollar multinational, the crime is part of the risk analysis. It needs to punish with profit margins being taken away, only then the big players play by the rules.

[@tresphorempundu3185]

This analysis was useless to say the least. But of course it was expected.

[@rka-truthalwayswins5127]

Absolutely!! This is more like political talk & NOT analysis by United Slaves of the European Union!!

[@miguelacostavalverde6439]

¡Qué buen análisis de la dirección actual de la globalización! No estoy tan seguro que pudiera darse una nueva ola de entusiasmo por la globalización iniciada en los años ochenta. En cambio, creo que estamos en medio de una lucha para definir cuál de los dos modelos económico-políticos prevalecerá.

[@cratecruncher6687]

Great job reporting. I don't think it's a matter of two extreme alternatives. There is a spectrum of balanced "disentanglement" decisions at the micro level that will lead to a more stable system.

[@alfredxavier6785]

Definitely globalization has helped the western currencies especially the american dollar to prop up in value artificially by invasions, sanctions etc. In other words globalization is continuation of colonization in a democratic world. When EU countries have free movement of goods amongst themselves, what is the point in the west coersing other countries to follow common rule as envisaged in global trade rules.

[@danielhutchinson6604]

The value of Currency has become a detriment to Western Nations as the Russians and China, find allies in India, Pakistan, Iran and the other Producer Nations seem to look at the effect of their alignment as a way of getting a better deal from the Consumer Nations? The alignment of Asian Producers to market their Goods, seems to become a threat to the Collective West? The ability to deliver goods to Africa and Latin America seems to cut into the economic benefits that Western powers seem to enjoy from exploiting those areas? The US Federal Reserve Note as a Fiat Currency can be used to regulate trade values through it being keyed to the use of The SDR that the Swiss use as an exchange value for all international trade..... The value remaining low encourages other Nations to buy from the US, the increase in value seems to limit the ability of other people to buy US products........... The Illusion of Democracy was destroyed in 1948 when the fine Fellows at Brown & Root bought themselves a Senator, and the race to buy a Congressman commenced..... Political Prostitutes are not good Stewards of the interests of the Common Individual in any supposedly Democratic Nation.....

[@Seastallion]

@@danielhutchinson6604 It's worth noting that US Exports trade-to-GDP have NEVER been more than 12% (it was 9% last year). That means for every $1 of wealth created by the US, $0.90 of it was created entirely internally to the US, that is, no foreign trade involved whatsoever. There is a reason the US was already the wealthiest nation on Earth by the 1870s. Location, location, location.

[@DivinesLegacy]

Wdym China heavily benefited from globalization and the US lost their entire manufacturing base to it.

[@alfredxavier6785]

@@Seastallion how the USA's stimulus economy affects the world ? The federal reserve, american central bank, (a private entity ) prints cash and borrows from other american private banks to bail out the american government. The american government in turn issues bonds and accepts these funds. Now the american debt stands at 130 % of it's GDP. American government can never be able to repay these debts in full. With these excess funds america boosts it's economy and share market. As long as america manages itself internally, rest of the world would not suffer. When excess cash is printed and circulating in any country there has to be inflation and naturally it's currency should weaken in relation to other country's currencies. Why the reverse is happening for the US dollar is bacause of it's coersion tactics of other countries with sanctions, invasions and regime change. America gets the support of EU countries and other NATO member's support to achieve it's objectives. Now how rest of the world is affected ? The IMF and world bank are getting most of it's contributions from the western countries. IMF and world bank lend money to developing countries at relatively low interest rates. However when it comes to repayment in US dollar, a strengthening american dollar will always continue to affect the developing countries since their currencies continue to depreciate against US dollar. Imagine the plight of a country like venezuela ,which has the world's largest petroleum resources and yet remains poor because of western sponsored sanctions. Ever since gold was delinked from printing of currencies from 1971, america is resorting to this practice and exploiting the developing countries. This must and will come to an end in order to ensure peace and prosperity to the rest of the world. The west was desperate in breaking up of the soviet union . Now the world understands that most of the world's essential supplies come from the former soviet union countries. What the west supplies is the non essential arms and ammunition which will destroy peace, democracy and prosperity in the world.

[@mariacheebandidos7183]

6:06 American power and influence doesn't come from raw numbers or relationships, it comes from inventions, innovations, socioeconomic and political attractiveness.

[@gregorysagegreene]

... and a Navy ... and Space Force.

[@matrix6553]

And cultural center.

[@williamofy6376]

I am a recent college graduate. I have a degree in Finance and a minor in Economics. My college really pushed the idea of globalization. I brought up to my professor that there is a serious weakness in this line of business. We are assuming we will not have countries we deal with becoming bad actors. Now we have Russia...:P

[@Chris-ey7zy]

That’s because most colleges are liberal led which would love to have the US become socialist

[@andylewis248]

College professors are often agenda pushers. There are certain questions you must not ask. Get your Certificate of Indoctrination, then find your tongue. You are on that path. I salute you.

[@druggy1868]

Could you give me the alternative. How can any business grow without expanding its market beyond it's national borders? How can any country remain sustainable without seeking resources from outside? Russia might be a bad player but Europe cannot meet it's energy demands from within it still has to seek energy somewhere? Russia will still need someone to buy their energy to fill its coffers. I don't get why anyone thinks globalisation is a convenience we can just cast away. It is the only way forward. Governments will just have to learn to cooperate.

[@williamofy6376]

@@druggy1868 So, when YOU go purchase something, do you think about how it got there, whether it was ethically made or produced? You likely do not. If you do you are in the minority.....Globalization is what we do without thinking about what, how or even if it was ethical government et al.....That is problematic...this is what I was trying to explain...bad actors, we deal with them...That is a huge flaw in a global economy.

[@williamofy6376]

@@andylewis248 so we are assuming every person who has a Doctorate is a liberal and not a republican/conservative or has strong religious beliefs? Because I consider myself conservative and many of my instructors gave that vibe too(conservative)....maybe the women studies professor was suspicious, but honestly, most of the professors I had never gave that vibe...stop watching Fox, Glen Beck... Et Al...think for yourself...get your own opinion and not a parrot for the "patriots"

[@edwardzerilli4550]

Yes to your question of unfettered globalization. The future is having a seat at the table. As it should be.

[@edfast5893]

The closing statement is so powerful! “ Blind faith in globalisation has come to an end.” The question is why and who propagated it? DW that would be a good expose as a follow up to this one.

[@Curly743]

And Klaus Schwab is not to far away...Hear what Blenn Beck has to say about the great Reset and ESG from banks!

[@druggy1868]

Globalisation has grown out of necessity rather than convenience so I doubt it can be stopped. Europe will still need to acquire energy whether they like Russia or not,The US will still import from China, China will still seek markets in Africa, New cultural practices among the young will still be driven by the media, North korea will still seek collaboration from China, Expertise& cheap labor will be seeked all around the globe despite nationality, Cooperations will keep diversifying, Governments will still seek new trade agreements. IT CANNOT BE STOPPED. It's the only way forward otherwise the resources within our own countries will not be enough to sustain us and drive economic growth.

[@nowisgodinyourlovelylife717]

Basically we from the West unleashed the wild capitalism practice and the power we gave to firms to exploit, destroy the environment and use labour force from fear of poverty to always accept the minimum exported to autocracies years ago. Now guess what, we helped them to enriched by the same means and we're not friends or very called enemies disputing for more military might

[@noahway13]

It is no big secret or conspiracy. Just follow the money.

[@sodalitia]

Boomers got wealthy on exploitation of slave labour and housing ponzi scheme. Now that the world is waking up to the scam, they run and point fingers to those holding the bag.

[@andrewareva4605]

Is it weird or just me that a 20 min documentary didn't ask a single Chinese person or someone who every looks like they speak and read Chinese.

[@tonysu8860]

Is just you. Why should it be necessary for anyone to present reasons for what China does? Simply monitor actions. As always, actions speak louder than words.

[@rond5936]

CHINA is always covering up what it does and sweep things underneath the carpet. A DW reporter can send an email to several Chinese private sector entities and government agencies for comments and they will all decline for fear of persecution by the Chinese Government.

[@nathanwilliams1143]

I think people are starting to see the problems when it comes to working with and investing in a totalitarian country

[@jordie4423]

The west is happy to see India prosper, as the biggest democracy in Asia. It would be better to continue to diversify the supply chain and become less dependent on autocratic regimes like Russia and China.

[@boonhaiteoh905]

If BRICS is not successful, why is the west making such a hoo hah?

[@jbrown8601]

Need something to hoo about

[@mahfujulislam2428]

I am totally agreed with her. Her concept is very clear and informative.Thanks mam. We want to know more unique concept about history and politics from you

[@seymorefact4333]

🇺🇸 American depend on slave labor overseas. Because our people are aging lazy obese drug addicted unreliable expensive workers! Until we work for $2 a day , 80hrs a week, with no benefits. Get rid of ALL environmental regulations. JOBS ain't coming back to USA. If it does.... robots are here to takeover.

[@dennislaflare2293]

Bot 🤖

[@seymorefact4333]

@@dennislaflare2293 zombie b itch

[@rka-truthalwayswins5127]

Lolz!! What has Islam to do with progressive policies??!!

[@Mexican01o101]

The order has indeed shifted and now the countries that export foods are the emerging markets.

[@Tubes12AX7k]

The power, however, is not with nations but with the very large multi-national companies that pushed for globalization from the start. And the real power lies with the people and entities that own the majority of the stock. The companies are sort of "stateless." Populism began to rise after these companies began shutting down plant sites or moving them overseas, dramatically changing the landscape and employment opportunities for those who live in an affected area.

[@kennethenston9562]

That's why I say we need to collectively move toward world government - it will inevitably be influenced by multinationals, but if there is no political effort the multinationals will become the world govt - that's an idea that has been explored a few times in SF.

[@everythingisfine9988]

Globalization is done by ship mostly. And those ships were protected by the world's largest navy. But this has been done less and less over the years. At this point, the US has virtually stopped providing this "free" service to the world. But it was never really free. The American taxpayer was footing the bill and it led to the direct decline of middle class jobs.

[@truthful3777]

Nonsense! The enemy is created by USA itself. If no provocation no enemy will surface.

[@gjerrildkro]

Give us your raw materials and we give you "trash".

[@jmvpams1380]

But if you'll not give your raw materials, you will be "trash" (cause they'll kill you)

[@WiseOwl_1408]

Sure hope so. End this corporate nightmare

[@glennalexon1530]

"Never before has the post-war economic order has been on such shaky ground"? Have you forgotten the Berlin Wall already DW? The Korean War? The Cold War? China before 1980?

[@sportsfanivosevic9885]

Saying the Brics is not an alternative to the global economy naively dismisses the fact that Brics countries will not be contributing as much to the growth of Western economies as they did in the past. To deny yourself some of the largest markets in the world and then flippantly dismissing them is denial in the extreme.

[@thechosenone1533]

BRICS countries won't cut off from the West except for Russia and they didn't make that decision.

[@JamesSmith-ix5jd]

@@thechosenone1533 he probably meant the financial side of things, Russia, China, India trade in their own currencies more and more, Brazil, Iran, Saudi Arabia will surely join (maybe to smaller extent). Any value transfered outside of the USD trade system is less control for the US as well as less need for US dollars, which is deadly for American economy.

[@jaibholenath6900]

BRICS is a non starter given Xi's hegemonistic attitude. We should stick to our bilateral relations with Russia and Brazil and South Africa than to band with Xina which only expects us to be it's vassal

[@sportsfanivosevic9885]

@@jaibholenath6900 Bric's is a reaction to America's hegemonic thuggery.

[@aiswaryabersan7983]

Brics is not danger but NATO is. Nato is a military alliance

[@itsirkeel]

What a gift this was to watch! To be reminded that we're really in new territory, and honestly the best thing we could do is ask our most creative people to think wildly outside the box and start envisioning a better world that doesn't yet exist. We need a wave of Futurists. I know I'm one, but I don't know how it will manifest yet. I'm looking to a timeline in which instead of fiat currency, we use the value of consciousness/self-awareness as currency. A post fiat currency world of some kind. That's at least the vision I have now! I'd love to see a valid branch of Economics spring up as well, that uses as basic facts that our species acts with lunacy around money, not rationally. Facts.

[@maryoleary899]

Young one

[@willtheoct]

globalization is around, but slowed down - wild, impulsive investments into large scale transport are a bad idea. We can still trade essentials with boats globally without issue

[@jimshock9114]

Interesting, but the background music-noise is too loud, annoying and distracting.

[@Solitas777]

In 1945 the United States said to its allies that we will open our markets, ensure global trade so that anyone anywhere could import and export anything; and in return we write the global energy policy. The Soviet Union is gone. Only 5% of America's economy is involved with trade outside North America. We have oil to meet our own needs, and great land to feed our own population. We never needed globalization. China and Germany do. The United States is closing its markets and has lost interest in ensuring global stability. Many have yearned for a multi polar world. We're going to let it happen because we don't care to maintain the global system. Good bye Germany. Good bye Russia. Good bye China. Good bye South Korea.

[@blackcatcat9953]

Is this true 🤔

[@TomNook.]

Your leaders say otherwise

[@ibrahimn22]

If only that was true the rest of the world would say goodbye to the USA But its not true . The largest number of sanctioned nations is proof . The largest number of military bases around the world is proof If Americans stayed home and kept there military home the world would be better more peaceful place .

[@greysonpeter6403]

Delusional

[@simmelimme5305]

I have basically heard the same from other geopolitical experts (check out Ian Bremmer and Peter Ziehan). They think, especially Peter, that the US don’t need the rest of the world with the arguments you mention (also the demographics is in favor for the US) and will turn more to isolation. Europe will have to fend for it self. I’m European.

[@bhadreshsolanki5505]

Most of the guests were purely biased in their analysis and had no open mind in accepting the new reality.

[@ErnestoSun]

Regionalism! Local autonomy doesn't contradict national prosperity or common identity. A world of regions. Small is beautiful.

[@spaaarky21]

15:38 Who is editing these videos?! I’m trying to listen the interviews, not the hammed up background music!

[@florissteenkamp1962]

Very informative. DW is one of my most favourite channels for knowledge- and research-based information.

[@radhika00240]

🤣🤣🤣🤣they you know nothing about world or history. Dw is BBC of Germany liar propagandist. Russia is one of richest country in world interm of resources, Iran is key for central asia, India will be next super power more likely to replace China if gutter press and foreigner actor didn't play same game in India.

[@xi1864]

lol

[@nazmanaebbbz]

Globalization has hurt the environment the most

[@songnianzhang366]

the developed countries sold their industry trashes and household waste to the poor countries.

[@eveleung8855]

The old globalization is aim at profit, the new model of globalization is aim at working together to find a better solution for humanity to moving forward, you are very welcome to join, or not to join.

[@alchemist7412]

Nah, consumerism has hurt the environment the most. Human greed for products is never ending.

[@RodBarkerdigitalmediablog]

a very shallow view of human existence on this planet - to ignore that we are reliant on environmental limits is to ignore the causes of our fate that is being unleashed through consumerism, fossil fuels, pollution and destruction of nature to extract more resources for a growing population

[@Azamat421]

We're doomed sorry

[@onionpie52]

Underlying this article is an attempt to find an answer to the complexities of world trade, finance, governance, and geo politics. It rambles on from talking point to talking point, and leaves the whole objective draped in a shroud. If you are interested in this question, find a good reading list and reach your own conclusions.

[@lastChang]

Countries now are smart enough to know about China 🇨🇳. It *can't fool* others anymore.

[@nbgoodiscore1303]

They are still doing business with china

[@juanandreas97]

exactly, like u believe how sacred cow Dung to you

[@songnianzhang366]

Without China, your country's inflation would be double. Don't follow the cia instructions anymore.

[@Ryanowning]

@@nbgoodiscore1303 Who cares? China will be dead in ten years. The PROBLEM is the tantrum they're likely to pitch while they go down. Just like the tantrum Russia is doing now in Ukraine; their nation-states won't survive the decade. Demographics are destiny, but war can reshape that fact and those two know that.

[@qaz120120]

Have they ever tried to fool anyone?

[@ilichio]

The only problem with globalization is that China has the upper hand and the US doesn't like that, so let's break all the system to keep things working as I like and the timing is just perfect as my economy right now is just a sh** show :)

[@jaibholenath6900]

Xina is a worse version of US

[@GAMEOVER-td4kv]

@@jaibholenath6900 and india is a worse version of china. india is low

[@exchange522]

good work thank u but idont see its the end but its the time to go a level up

[@MachineThatCreates]

It's like a big global game of chess in constant stalemate. That BRICS initiative represents exactly half the world's population resulting in massive buying power. If they can avoid political conflict they will be prosperous ultimately.

[@casbarbosa37]

"when China says win-win often means China wants to win twice" ....... Well, take "China" out of this sentence and replace for "US" or "EU", and the phrase still very accurate

[@africa_revealed]

Exactly. That has ALWAYS been how we've been treated by the West. This woman thought she said something profound. Hypocrites

[@deniscare112]

hm BRICS lol i don't see India and China together on border to shake hands xD

[@lehoang3532]

Because India and China are decently in parity with each other. Give Mexico and Canada the same level of power as the US, and let's see how it plays out in your backyard.

[@anilvashist6758]

The strategic thinkers in the West are thankful for India in the BRICS. As long as India is a member, China cannot dictate the terms of the Group and cannot convert it into an instrument to harm the West. The West partnered with India will remain too strong for China or any coalition that it can create.

[@alchemist7412]

The BRICS is not an alliance it has never been. However, the BRIC countries are open to a new alternative to US based Bretton Woods financial system ( the IMF & world bank). All the BRIC nations were happy to create the NDB bank & the reserve currency arrangement. India is using its UPI as an alternative to EU based SWIFT & other BRIC countries are also doing the same. India is doing this because it receives less voting rights in the IMF & world bank than say Italy despite being home to 17% of humanity. Unless you democratise the post colonial global institutions exclusively based in the West, they will get irrevalant with time as developing but populous countries in the global South makes economic transition. The West cannot counter it unless they manage to increase their population more than the South.

[@lehoang3532]

@@anilvashist6758 The existence of BRICS is already alarming enough for the western world. After all, how dare those colored people and (former) colonies dare to step up against their (former) master? /s

[@akashkrishnat481]

We can't say anything, anything goes in politics (US supported Pakistan and opposed India like 20 years ago we can't say anything about the future) And economy order take decades to establish and deteriorate

[@lurkingarachnid7475]

Covid: not anymore you ain't 😏😏😏

[@randycastillo1353]

Time to end globalization

[@yurik383]

I consider myself as a child of the globalized world, for all my life (i'm 30), globalization was an ideia presented as a key to common progress and as a tool com help different countries in the world to overcome the differences, or at least, to cooperate besides the differences. I'm still convinced that a west-leading approach to international organizations and world trade is the key for this, for some reasons. Firstly, we saw previous regimes becoming more open to tourists, customers and foreign investment, as the benefit to local populations is undeniable. Then, giving some purchasing power too poorer countries help to develop a more self-interested way of life, that fights-back against most common ways of repression, either backed by authoritarian states or oligarchies. After that, we also see that generally, most states are willing to deepen those relations rather than avoid them. So the momentum is definitely there. Considering that, it's true that China was one of the greatest beneficiaries of this movement, and a lot of other countries are still on the line to gather more benefits from that. Either if this current trade-wars background music is here to stay or not, at least should guide the trade matrix to become more diversified as other countries are more willing to just join the ride than to impose setbacks on the course. One way or another, guess that as economic ties grow up, is difficult to imagine a future where some ideological tensions don't arise from time to time. I guess it's only a sign of further growing closeness. For the recent events that we're assisting, seems that a lot of countries have endangered the economic progress pursuing their own political agendas and the lessons are here to stay. I want to believe that globalization isn't a tool to keep totalitarian regimes on endless international subsidy, but i guess we need to wait to see the next chapter. A post-carbon economy will probably help on that.

[@songyong2395]

China believes in action than the west empty talk. Great leaders act quietlly with pragmatic vision, achievable objectives, futuristic national n people's welfare in mind with a competitive edge globally in every possible field ! Cambridge Prof. Martin Jacques who lived many years in China as consultant m adviser to Chinese government knows the real China that any other western 'soothsayers n fortune telles' on China !

[@qaz120120]

May the strongest survive!

[@windy1267]

I WILL NOT EAT ZE BUGS!!

[@NTraveller]

A bunch of clichés, I'm sorry

[@NTraveller]

What evidence do you have that the "democratic" US is less aggressive that "authoritarian" Russia? What evidence do you have that trade-restrictive sanctions policy and the monopoly on financial system leads to free trade and globalisation? What evidence do you have that renewabes satisfy energy needs of the globe? There's mounting evidence to the opposite, while believers repeat the same clichés instilled by the media, as if repetition can alter the reality. I would also like to live in a world without borders for people, economies, finance and ideas, but monopoly in economy and information should be contained, the condescension in international relations is unacceptable. You speak of "authoritarian regimes" from a country that tolerates Turkey's imperial ambitions, Saudi's bloody war on Yemen, bureaucracy in the EU, multiple aggressions of the US, growing far-right movements in "young democracies", sanctions that ihas been mpoverishing Cuban population for the last 65 years. So, step down from the moral grounds where you put yourself and admit at least that the world is imperfect

[@devendrapandey8794]

India isn't in the trouble here, it has very strategically placed itself between US & Russia, getting cheap energy and defence equipments from Russia and trading in large quantities with US where it not only exports more but also seen as a possible Ally. while its perfectly capable of balancing China on its own

[@chirag4648]

Not trouble but of course in a quandary. USA is willing to give room to India right now because they are thinking about the long term and trying to persuade India to do course correction viz; China and Russia. Russia-China and India-China relationship has also complicated things for India. How can you talk about co-operation(like BRICS) when their soldiers are training guns on each other at the borders? India is more realigned towards West in its economics compared to Russia and China. India has restricted many Chinese companies from operating in India. So, India is in a quandary and will have to make some tough choices in the future.

[@SiamSentin3l]

India is trying to decouple from reliance of tech from China but it is decades yet even with support from the US. If India warms up with China and Russia it makes more strategic sense for the whole of Eurasia since there really isn't much the US can do for India.

[@chirag4648]

@@SiamSentin3l Before Russia-Ukraine, India didn't have much trade with Russia, it was mostly limited to India buying weapons and some other stuff. For China, India is just another market, China enjoys a massive trade surplus with India. But with the USA India enjoys a trade surplus and it is India's biggest trading partner. It is also ramping up security ties with India and is one of the biggest sources of FDI in India. As I have said before, in an economic sense, India is more aligned with USA compared to Russia and China. But the problem is the USA wants India to act on its whim and fancies and literally has opinions on every matter within India but Russia doesn't have such tendencies(in the case of China things are not normal and recent border clashes only exacerbated it). It is not an easy decision for India.

[@Humanaut.]

India is still vastly inferior to china. Both in terms of development as well as military capabilities.

[@straybirdpei]

What we called economic globalization is actually super power globalization in the past.

[@lowwastehighmelanin]

Who did the music on this? It's very distracting and loud. Edit: seriously you keep playing loud electronica over top of the expert interviews. It's beyond inappropriate. Please never do that again, this is a serious matter.

[@himanshusingh5214]

Good name

[@Dangic23]

The US market is also heavily controlled by the government. Only difference is that China does it openly, and the US does it discreetly

[@ytht21]

I thought its the other way around. Corporates control the US gov. It's the other way around in current Russia and china

[@Dangic23]

@@ytht21 True. The Corporations are the Government. But Legislators make laws for them. So yes, US case is much worse than in China.

[@ytht21]

@@Dangic23 Well...Fudge. Why is it always choose the lesser evil

[@lmy2366]

"the US market is controlled by the government." My friend, it is the market that controls the government! And for the better.