Economists like to think of the wreckage caused by stock market downturns, widespread bankruptcies, and corporate downsizing as “creative destruction.” As it destroys the old and the dysfunctional, the capitalist system continually spurs innovation, much as a forest fire prepares the ground for new growth. Or so the representatives of the dismal science argue. Donald… Continue reading Trump’s ‘Uncreative Destruction’ of the U.S.-China Relationship
THE MODERN GLOBAL economy rests on the foundation of modern medicine. The transactions that sustain the global trade of goods and services require an implicit assurance that merchants and financiers are not infecting one another when they meet to conduct business. Economic globalization requires that the nodes of international distribution—ports, airline terminals, railway stations, intermodal hubs—do… Continue reading COVID-19 and the Global Economy
At a dinner party in mid-February, an architect told me that he was having a problem finishing his building projects. It was the carpets. Most wall-to-wall carpeting for big construction projects in the United States, he explained, comes from China. The coronavirus outbreak in Wuhan — and the subsequent shutdown of many Chinese factories —… Continue reading Will the Coronavirus Kill Globalization?
A succession of social upheavals over the last decade has radically realigned political power throughout the world. As a result of these tectonic shifts, what had once been on the furthest fringes of the right has now moved toward the center while the left has been pushed to the margins. “Things fall apart; the centre… Continue reading Inside the Battle for Another World
A group of Italians started the Slow Food movement back in the 1980s. Stay away from fast-food restaurants, they urged: eat local, focus on traditional recipes, relax, and enjoy your meal. The Slow Food movement began as a protest against McDonald’s, which opened a new franchise near the Spanish Steps in Rome. But it grew… Continue reading Slowbalization: Boon or Bane?
In the Americas, the Trump tsunami has swept across both continents and the “pink tide” of progressivism has all but disappeared from the southern half of the hemisphere. In Europe, with the recent exception of Spain, the left has been banished to the political margins. In Africa and Asia, socialism has devolved into nationalism, authoritarianism,… Continue reading The Rising Tide of the Populist Right
You know the story: the globalists want your guns. They want your democracy. They’re hovering just beyond the horizon in those black helicopters. They control the media and Wall Street. They’ve burrowed into a deep state that stretches like a vast tectonic plate beneath America’s fragile government institutions. They want to replace the United States… Continue reading The New World Order Is Here
As an ethnically homogenous and already divided nation, Korea might seem to be immune from all the fragmentation that seems to be happening around the world today. Far from the Korean peninsula, the European Union is negotiating the British exit and facing a possible withdrawal by the Spanish region of Catalonia. The Middle East is… Continue reading Korea and the Geopolitics of Division
When the historian Arthur Schlesinger, Jr., published his bestseller The Disuniting of America in 1991, he didn’t seriously entertain the worst-case scenario suggested by the title. At the time, the Soviet Union and Yugoslavia were imploding, while separatist movements in Quebec, East Timor, Spain’s Basque country, and elsewhere were already clamoring for their own states. But when… Continue reading Donald Trump and the Fourth Great Shattering
Here at Emergency Travel Services, we believe that it’s never too early to plan your vacation. Or your emigration. Based on the latest polls, most of you are confident that Donald Trump won’t be elected president in November. If the election were held today, according to statistician Nate Silver, Trump would have about a 12… Continue reading The Globalization of Trump