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Comment by stuxnet79

2 hours ago

> I'd like to say a brief thank you to what the brief, golden period of globalisation was able to bring us.

Not everyone benefited. Market globalism wasn't particularly kind to the global south, and the specific mandates that the WTO enacted on countries in latin america / africa (Washington Consensus) greatly increased local wealth disparities despite visibly growing GDP for a time.

America profited handsomely because for most of the past 30 years, it was where the (future) transnational conglomerates were based. These companies stood to benefit from the opening up of international markets. Now that these companies are being out-competed by their asian counterparts, instead of going back to the drawing board and innovating they are playing the "unfair trade practices" card and of course the current administration is on-board with it.

Globalisation is not going anywhere, but America is increasingly alienating itself from allies who it could stand to benefit from.