Globalisation Conveniently Works When People Lose

07/09/2020

I am reading Globalization and Its Discontents (damn Americanisation’s), the updated version with the advent of Donald Trump, written by Joseph E. Stiglitz. In it he describes how globalisation has seemingly failed the world, producing discontents with the system. In the 2002 edition, it was mostly the developing world that suffered, but more recently developed countries have increasingly opposed globalisation. Stiglitz argued this is due to gross mismanagement, but as he admits later, even well managed globalisation results in “losers” in the system.

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The Contradiction of the Zero-Sum Game

03/09/2020

There is a contradiction in the way the proponents of capitalism approach the concept of the “zero-sum game”, the notion that wealth created or owned in one place must come at the expense of others. This conversation has taken many different forms, from the power of the British Empire on a global scale to national debates over the merits of immigration and welfare. But one on side of the debate, there appears to be a glaring inconsistency in their logic.

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