Whowhatwhy's Podcasts

RadioWhoWhatWhy: Globalization — the Economics Work, the Politics Do Not

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Sinopsis

Globalization has created a true global middle class, brought millions out of poverty, reduced the price of goods, and created remarkable economic benefits. As an economic system, it has worked exactly as promised. On the other hand, globalism, as a political idea, has been a dismal failure. This is according to Eurasian Group CEO and global analyst Ian Bremmer. In his conversation with WhoWhatWhy’s Jeff Schechtman about what connects so many of the global problems we face today, Bremmer makes the case that democracy, plus technology, plus political globalism simply can't work. The West’s existing institutions cannot cope with huge amounts of wealth concentration, technology, big data, and artificial intelligence. According to Bremmer we need look no further than Trump, Brexit, and recent European elections for proof.   As counterexamples, he cites Japan and Israel. Each has, in different ways, walled itself off, maintained homogeneity, and either rejected or blocked immigrants. As a result, each has been far