Post

It's so exhausting to to be constantly told by American leaders that the defining policy of the 80 odd years during which the US became the most wealthy and powerful country in the history of the world was a grossly unfair failure for them.

Heather Stewart@guardianheather.bsky.social

US trade secretary Howard Lutnick really not mincing his words here at Davos: "We are here to make a v clear point: globalisation has failed the West and the USA. It's a failed policy. It's what the WEF has stood for, which is, export, offshore, find the cheapest labour in the world."

Librarian

@isbi.bsky.social

20 Jan

One shouldn't overlook the class distribution of gains.

Dmitry Grozoubinski

@explaintrade.com

Were Sweden and Australia experiencing a different form of globalization to the United States?

20/1/26, 6:10 pm0 reposts0 likes

Librarian

@isbi.bsky.social

20 Jan

No, but the consequences are different; social security is more generous in Sweden/Australia; the political culture is different; I'm not claiming that the US situation is specifically negative, but it is a major,

Librarian

@isbi.bsky.social

20 Jan

decades-long change that cannot be evaluated exclusively positively or exclusively negatively. In any case, excessive reliance on supply chains that extend to autocratic states obviously and unequivocally threatens security.