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Aleksandra Posarac's avatar

And to think that globalization was not some kind of externally generated storm, it was initiated and flourished because “western” nations profoundly benefited from it. Enormous profits and riches were made because of cheap labor in “eastern” nations. Relative prices of electronics, clothes… all went down. This largesse had to end one way or another with the rising class of plutocrats or elite (Milanovic’s term) as the outcome. Time to reap the rewards of greed!

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Eva's avatar

Geat piece! my sense is that shift to the right is related to the aging populations in the West and an increasingly defensive, “safety first” attitude, while younger countries feed of hope and focus on the future not nostalgia? Older folks feel alienated by rapid tech development and following that, their loss of status that Elders claimed before?

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