The book discusses the end of the age of globalization and the shift to a more localized economy. It was described as a 'good news' book.
Basically we've been living for the last half century in a world of hyper-globalization, nobles barred, financialization, big companies can put jobs, put money wherever they want.
— Episode: Stories of week 10/23: Midterm Outlook,...
Episode: Stories of week 10/23: Midterm Outlook, Rishi Suna...
The book discusses the end of the age of globalization and the shift to a more localized economy. It was described as a 'good news' book.
Basically we've been living for the last half century in a world of hyper-globalization, nobles barred, financialization, big companies can put jobs, put money wherever they want.
But the problem is while that created a lot of wealth at a global level it also created tremendous in country inequality and we've been living with the consequences of that.
The hollowed out parts of the Rust Belt and the South that have become red states or swing states, the deaths of despair, the sense that American competitiveness has been eroded because we've outsourced our entire supply chain all these things are now coming to the fore particularly in the wake of the pandemic and the war in Ukraine.
The world is not flat right that's one of my big feces the world is bumpy it's never been flat
You cannot have an economy that's based simply on asset prices going up and the rich getting richer it just as i think you all would agree we're really at a social breaking point here with this
Episode: 10/25/22: Midterm Updates, Ukraine War, Chinese Sp...
It was described as being about the end of globalism, the age of unfettered globalization, and neoliberalism, in a post-global world, and what the future might look like.
She has a new book about the end of globalism.
Basically your idea in homecoming is that the age of unfettered globalization is ending that we're headed in a different direction and you try to sketch out a little bit of you know the science that's already happening and also what this future might look like so just first of all did I capture that accurately and second of all lay out lay on a little bit of what you see happening here.
We've been living for the last half century in a world of hyper globalization no holds barred financialization you know big companies can put jobs put money wherever they want um that is the neoliberal paradigm and that's you know that's a mouthful but neoliberalism is really the the political philosophy that's been adopted by both parties in fact in the last half century both by the you know Reagan Thatcher sort of republicans uh but also the clintonian democrats and the idea is that trickle down theory works markets are efficient and just let people go where they will let money and goods go where they will and it's all going to land where it's most productive and best for it to do so but the problem is while that created a lot of wealth at a global level it also created tremendous in-country inequality and we've been living with the consequences of that you know the hollowed out parts of the rust belt and the south that have become red states or swing states the deaths of despair you know the sense that um American competitiveness has been eroded because we've outsourced our entire supply chain all these things are now coming to the fore particularly in the wake of the pandemic and the war in Ukraine.