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Page added on July 12, 2016

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Is the Era of Globalization Over?

Globalization has propelled the global economy since World War II. In that time, countries prospered and millions were lifted out of poverty. But income inequality has grown and the world is in its worst period of economic stagnation since the Great Depression. Bloomberg TV Canada’s Rudyard Griffiths speaks to economist, author and CIGI senior fellow Jeff Rubin about why countries around the world are reclaiming sovereignty and putting the era of globalization under threat like never before.



34 Comments on "Is the Era of Globalization Over?"

  1. onlooker on Tue, 12th Jul 2016 3:49 pm 

    Most assuredly yes

  2. David Bazett-Jones on Tue, 12th Jul 2016 4:10 pm 

    Onlooker- yes, except for his last point. Canada as a food basket as its economic future instead of oil? It depends on whether the prairies turn into a dust bowl with the unfolding climate catastrophe. I hope not, BUT…

  3. Dustin Hoffman on Tue, 12th Jul 2016 7:13 pm 

    Best to learn how to walk barefoot and unhook from the web if it is..

    Think of computers, essential to business operations around the world. China manufactures over 90 percent of them. Or cell phones, which, in addition to being convenient, function as an essential tool in countries lacking traditional telecommunications infrastructure. China makes 7 out of every 10 of them. 12 and a half billion pairs of shoes — enough for every man, woman, and child in the world to have two — are built in China. And nearly half of the world’s ships, the backbone of global trade, are made — where else? — in … you get the idea.

    http://www.theatlantic.com/china/archive/2013/08/chinas-dominance-in-manufacturing-in-one-chart/278366/

  4. Davy on Tue, 12th Jul 2016 8:20 pm 

    China does not manufacture 90% of computers. They manufacture and assemble 90%. We are in a global environment where many of the parts are sourced globally so China is only doing partial manufacturing. Much of the design that is then manufactured and assembly is done with companies outside of China. Many raw materials are imported then manufactured into parts for the process. China cannot maintain its manufacturing sector without exporting. There is no place for all the products to go in China. China does what it does because of the global economy. It will fail quickly without it.

  5. Dustin Hoffman on Tue, 12th Jul 2016 8:47 pm 

    Oh, Wavey Davey the self proclaimed moderator corrector premier has again straightened out all the details!
    Well, like it really matters….
    Wavey Davey….how many air conditioners does China make? You’ll need several to cool down your veggie beds from the extreme record heat as you lovingly prep in good cheer.
    Hmmm. Better how many water pumps does China make? Best put that on your lust also….veggies need plenty of water and cisterns tend to crack and leak at the worse of times…
    Best prepare for ALL outcomes…..

  6. Survivalist on Tue, 12th Jul 2016 8:55 pm 

    “The water vapor feedback goes pretty much hand in hand with other climate forcers, so the combined temperature rise due to global warming and feedbacks could exceed 10°C or 18°F within a decade.”

    http://tinyurl.com/hph4nzb

    So maybe a few 100 million humans by mid 2020’s.

  7. Dustin Hoffman on Tue, 12th Jul 2016 9:18 pm 

    Never mind extreme flooding and droughts.
    Better select the right veggies. Bet Monsanto is working on them in the lab to patent supergreens as soon as the next generation of roundup spray passes those indepnent trail studies.
    Please, I’m reading a new first issue of North American Permaculture magazine.
    Ill put it with my collectors copy of the very first issue of Mother Earth News.
    Long live BAU!

  8. JuanP on Tue, 12th Jul 2016 9:20 pm 

    DH “You’ll need several to cool down your veggie beds from the extreme record heat”

    No, he won’t. He will just need to grow different species like I do in Miami. I grow temperate weather crops in Fall, Winter, and Spring and tropical crops in Summer. And Davy already has some pretty awesome stainless steel water pumps, too.

    There is so much you ignore, DH. I hope you understand that your ignorance is significantly bigger than your knowledge. Realizing this is one of the steps on the road to true wisdom! LOL!

  9. Dustin Hoffman on Tue, 12th Jul 2016 9:32 pm 

    Oh, thanks JaunP, all Davey needs to do is move around crops…problem solved!
    Thanks..needs not worry…
    PS Jauno…may I ask if you got your idea from this fella?

    https://m.youtube.com/watch?v=TkuyY2FFR7c

    Yep, the CEO of Exxon Mobile recommends adapting to climate change, move crops to different locals, build sea walls, adapt…
    Sure we will….OY!

  10. GregT on Tue, 12th Jul 2016 10:02 pm 

    You shouldn’t be so concerned about what Davy will, or will not do DH. I’m sure he will do much better than most. Better to focus on your own plan.

  11. JuanP on Tue, 12th Jul 2016 10:35 pm 

    DH, I would never read or watch what any CEO would say, so I didn’t follow that link. Why should I care what such fools think? I am a prepper and a Permaculturist, fuck CEOs! Why are you picking on another person’s preps if you claim to be into Permaculture? It makes no sense. Even if you disagree with Davy on some things you could learn a lot from him about prepping and Permaculture. He is walking the walk while you are reading magazines!

  12. JuanP on Tue, 12th Jul 2016 10:39 pm 

    And Davy’s comment on China is spot on. When the global economy crashes China will suffer more than most other countries and its manufacturing will collapse because global supply chains and export markets will go up in smoke.

  13. Truth Has A Liberal Bias on Tue, 12th Jul 2016 11:17 pm 

    Davy is a fucking retard. If he has any knowledge worth sharing nobody would know it because all he does is spout bullshit about things he knows nothing about. Wow Davy knows permacilture. It’s not exactly fucking rocket science. Davy read some books on permaculture. What a fucking genius! Fuck you losers are such a bunch of bottom feeders.

  14. Truth Has A Liberal Bias on Tue, 12th Jul 2016 11:20 pm 

    “China does not manufacture 90% of computers. They manufacture and assemble 90%. We are in a global environment where many of the parts are sourced globally so China is only doing partial manufacturing. Much of the design that is then manufactured and assembly is done with companies outside of China”

    Wow thanks Davy where the fuck would we ever be without you lol retard. Guys got 20/20 vision in observing the fucking obvious. What a peak oil hero!

  15. antaris on Wed, 13th Jul 2016 12:14 am 

    Thalb if you don’t like it here, why do you keep coming back. I would suggest spending time with a psychologist would be of more use to you.

  16. GregT on Wed, 13th Jul 2016 12:21 am 

    Compared to Davy, you’re an insignificant little fart blowing in the wind THALB.

  17. Sissyfuss on Wed, 13th Jul 2016 1:33 am 

    Thalbs’ meds are definitely failing him, along with his raison d’etre.

  18. Go Speed Racer on Wed, 13th Jul 2016 3:49 am 

    Gotta get the fire extinguisher!
    Too many flames on this board.

  19. joe on Wed, 13th Jul 2016 3:52 am 

    Globalisation was doomed the day America and the west ignored international law and invaded Iraq. Germany did this to Poland and the results were not pretty.

  20. Anonymous on Wed, 13th Jul 2016 4:30 am 

    DH, does have a point. The exceptionalist likes to think China is continuously teetering on the edge of disaster and will fold the second his ‘complex interconnected world trope’ starts to fray, even a little. The only thing exceptional about his opinions, is how exceptionally worthless they are for the most part. China, as a people and civilization are only ~ 20x older than his own, and are also, one of the world’s oldest continuous cultures as well. China wont collapse if liberal hipsters in jew York skip the next generation of ijunks, much as the exceptionalist might like to fantasize.

    I have more faith in China’s resilience than I do him and his fellow fat, inbred and corn-fed merikans. Or my own fellow citizens as well.

  21. Davy on Wed, 13th Jul 2016 5:03 am 

    Anonymous, if you had much respect here like several others here your comment would matter to me. You are just a 20 something extremist with little education. Real educations comes with education and with age. All you have is bluster and a goofy narrow adolescent style stuck on one issue.

  22. brough on Wed, 13th Jul 2016 5:44 am 

    There is something going on with international trade which I can’t quite put my finger on at the moment. It may be that we’re in the middle of a global recession and some of the major players are in denial, or just plain ‘fiddling’ the books. May be this global recession is just manifesting itself as a reduction globalisation. Somebody needs to wake up out there and ‘smell the coffee’ or else we’re all in for a major fall

  23. JuanP on Wed, 13th Jul 2016 7:17 am 

    Anonymous “DH, does have a point. The exceptionalist likes to think China is continuously teetering on the edge of disaster and will fold the second his ‘complex interconnected world trope’ starts to fray, even a little.”

    When Davy diverts from the truth I beat up on him as much as anyone. Everyone here knows that. Gregt is the same way and does the same thing, too. If both Greg and I are defending Davy’s comment there must be a reason for it. I don’t care who wrote a comment; if the comment is truthful and accurate I will defend it. Davy’s above comment on China is both things. China’s economy is highly dependent on the global systems functioning. China is overpopulated and destroying its environment faster than almost every other country in the world. China is facing a brutal contraction and collapse. China needs to import food and energy to get by, and won’t be able to for much longer. China has a significant surplus of young males as a consequence of its one child policy and a traditional cultural preference for male sons to take care of the family graves. China is in an awful lot of trouble.

    I like China and respect its history, but that doesn’t blind me to the truth as I know it. As far as I am concerned Davy’s comment was measured, truthful, and accurate. I read it twice because I know that Davy has gone overboard when talking about China in the past, but that was not the case this time. The truth is the truth, and that’s it!

  24. JuanP on Wed, 13th Jul 2016 7:30 am 

    DH, I got my idea from my own knowledge and experience derived from years of growing food organically and studying the subject in a systematic and scientific way. If you knew anything about the subject you would know that what I said is true. I spent more than four hours yesterday working in one of the community gardens I visit regularly, building a new nursery to start seedlings for the fall, weeding, watering, mulching, taking care of the butterflies, applying actively aerated worm castings tea, applying Spinosad, and planting 100 Moringa Oleifera seeds and two pounds of Sunn Hemp. I will do similar things today, like planting more than 500 seeds for the fall! Do you even know what I am talking about? How did you use your time?m

  25. JuanP on Wed, 13th Jul 2016 7:44 am 

    THALB “Wow thanks Davy where the fuck would we ever be without you lol retard.”

    THALB, Davy is smarter, better educated, and more knowledgeable than you will ever be. If anyone is a retard here it would be you, not him. I don’t even know why I bother writing to you since I don’t think you are worth my time, but maybe someone else will benefit from it.

  26. JuanP on Wed, 13th Jul 2016 8:29 am 

    “Is the USA going the way of the USSR?” By Ron Paul.
    http://tinyurl.com/hgq6kjb
    If only we were that lucky! Most of the former USSR territories are better off today than in the USSR’s days. I don’t see no better future for any part of the USA, or the world for that matter. It will be all downhill for all of us everywhere for the rest of our lives from now on.

  27. MikeX11.2 on Wed, 13th Jul 2016 12:29 pm 

    Sure, this is BLOOMBERG, that’s reality based economic news. So, you’re getting the 10 Years before the Oil Bought out CNN and Fox Lose catch on.

    That’s good economic positioning.

    Did you notice, CRAMER just called an end to the Fake Recession they’ve been pushing since January?

  28. Dustin Hoffman on Wed, 13th Jul 2016 4:13 pm 

    Jaun0, lookahead amigo..first you are blowing smoke kiddo…Wavey Davey spends more time here than he does in his garden…also you fail to connect the dots and living in the hothouse State of Florida proves you don’t have a clue in regard to the topic. Good luck with that attempt to adjust your plants in the event of extreme climate change.
    Suggest you learn to eat sand…because that is what you harvest….some people here are too funny…think they know it all…whatever

  29. JuanP on Wed, 13th Jul 2016 5:12 pm 

    DH, your ignorance is as astounding as your stupidity and your arrogance. I eat the food I grow. How about you? I won’t bother explaining you why you are stupid because your thoughts and beliefs are completely irrelevant to all thinking people and you are too stupid to understand anyway. The people I respect on this board know what I am, what I know, and where I come from. You, on the other hand, have proven to be a stupid, ignorant jerk from your first comment. Do you expect anyone here to give a crap about your shit? Grow up, boy. This is not kindergarden.

  30. Dustin Hoffman on Wed, 13th Jul 2016 5:53 pm 

    JuanO…you and Davey Wavey have one bad habit in common…like a little child trying to dominate the playground…in this case the comment board…wag name calling and unfounded judgement.
    Give it a rest Kiddo…next time ignore my posts….it was not directed at you Amigo anyhoot. Enjoy that “SANDwich”
    LOL

  31. Davy on Wed, 13th Jul 2016 6:28 pm 

    Who cares Dustin, you are likely a fly by night goofball gone before long. If you believe in what is being discussed here then contribute and stick around. Juan and I have had our ups and downs for several years here but we have a common bond that keeps us on this board sharing and learning daily. We believe in what we talk about and we walk the walk.

    If you want to be part of that show it. If you think you can get under my skin or Juan’s then you don’t realize how bad it gets on this board at times. Your comments have yet to measure up. You have some potential if you could can your asshole attitude.

  32. Dustin Hoffman on Wed, 13th Jul 2016 6:43 pm 

    The Old Timer Good Old Boy strikes AGAIN!
    Been here several years and I’m intruding on you all turf…so friggin sad…
    Stick it both of you and please NEVER again post anything that is of or directed at me…
    Pretty analaholes blowing smelliest…
    Need fresh air.

  33. JuanP on Wed, 13th Jul 2016 7:57 pm 

    DH, Why ignore you when I enjoy picking on you? I am having fun and enjoying this fight, fool. If you hope that I will stop calling you what you are, you will die waiting. I have a lot of free time in July and August because its too hot down here too spend all day outdoors and I don’t have to work for a living because I am a rich prick. You can look forward to my pointing out your ignorance and stupidity very regularly if I feel like it. It will all depend on my mood. I hope you enjoy being insulted and mistreated, fool!

  34. Davy on Thu, 14th Jul 2016 7:04 am 

    What we have economically now is an acceleration of dysfunction and deflation further manifested:
    “Soon” And “Really, Really Crazy”: Starting Up The Helicopters”
    http://www.zerohedge.com/news/2016-07-14/soon-and-really-really-crazy-starting-helicopters

    The move to more easing is a further lurch of monetary control from a macro failure to overcome systematic deflation and the physical decay and depletion. Normal fundamentals of price discovery that rewards sound economic decisions and productive economic investment based on real growth continues to be discarded. We are moving ever more into the moral hazard of easing with the underlying extend and pretend finance. Spend now pay “never” of monetize debt for the connected and covertly and camouflage it with wealth transfer and steady erosion of the value of wealth.

    Finance and economics are good at baffling with bullshit. We are now taking a finite amount of resources and shifting them to a chosen group. This is just arranging the deck chairs for the connected differently. This group is the rich and it is robbing Peter to pay Paul. It is pork barrel politics of rewarding loyalty and support. These policies are malinvestment and always have been but in earlier times we could afford it. We are now in overshoot and these policies have negative consequences for a majority. These polices are not based on sound economic fundamentals so are programed to fail by default. They are a temporary drug effect. They will create more distortions and further drive the economy away from what is its most productive potential. Capitalism is about risk reward and risk punishment. In moral hazard of wealth transfer you have nothing but legalized theft which is the best of both worlds for the chosen. Risk is rewarded without punishment and the costs are socialized from the public to the private. The chosen group to prosper becomes ever more entrenched in socio political revolving door of patronage. The rule of law both civil and criminal are being diluted. The divide between public and private is being diluted allowing private profit from public service.

    Helicopter money sounds good to the disenfranchised. It sounds like money for nothing. The next step is a debt jubilee but that is really an end game of complete theft because then the disenfranchised will be left with no opportunities and wealth. They might get a token like a car or house but these thing depreciate into nothing. It means serfdom for many. Those not connected need to remember instead that there are no free lunches and cake has to be eaten eventually no matter how cute. This policy is the final step into full scale theft that is the end of representative democracy and market based capitalism which has as its basis fairness and equitability. It is a stocking up of a life boat of the chosen. This cannot last because a village does not survive on a population of only the rich.

    In other worlds Helicopter money means bleeding the global economy to continue the status quo. We have vital commodities depleting without rest. Climate is in a new and dangerous paradigm of change. These are end game paradigms that in normal circumstances would change policy directions at the top. We should be practicing crisis economics and public policy but instead are indulging in polices of moral hazard to maintain the status quo for a few.

    There is some sense to these final effort because once globalism drops below a minimum operating level for an undetermined but real time frame it will self-destruct. Confidence and trust will erode and trade among people we don’t know each other and never met will end. Laws will be disregarded and social networks and compacts of trust broken. Crisis polices would address this and the addressing of these coming problems would end globalism. This is because the solutions are localism and ending globalism. So crisis management would be dismantling globalism. That is economic suicide so in a sense it is normal and could be considered natural law that our system follow this current line of actions of self-perpetuation at all costs. It is denial of death at the very top. This is what civilizations do when they near the end.

    It is you as an individual that needs to react to this. The system is indifferent. It only sees maintenance of the status quo. You as an individual have to recognize the end game in this and adapt and prepare your mitigation efforts for collapse. If nothing else develop meaning from all this so you understand collapse as it starts happening to you. Poor decisions in crisis kill. Be able to make good decisions based on meaning. Change the discretionary part of your life if nothing else. Do you really need to gamble or should you be prepping instead as an example. Clean up your life and remove the deadwood. There is really nothing society can do if it is just following natural law of what civilizations do when they reach their end but you can do something that will buy you time or at least give you meaning when everything starts to fall apart and you experience hunger and loss.

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