Today it’s de rigueur (oops! pardon me for using an imported word)…. Today it’s acceptable and commonplace to assert that globalization, on many different margins, has failed, is failing, and will continue to fail and, therefore, must be replaced by economic nationalism. This assertion is indeed now issued and heard so regularly – and from individuals spread all over the political and ideological landscapes – that many (most?) people treat it as an established fact, opposition to which comes only from “globalists,” “cosmopolitans,” “neo-liberals,” and faceless multinational corporations.
But this assertion is complete nonsense. It’s false. Support for it rests on a combination of cherry-picked anecdotes and an immense mountain of economic and historical ignorance, typically offered up in trains of reasoning fantastically illogical.
This video from my colleagues at George Mason University’s Mercatus Center is the first of a series aimed at debunking popular myths about globalization. If the remaining videos in this series will be as good as this one, globalization – indeed, humanity – will have truly found another remarkable friend.
This video is just under eleven minutes long. Do watch the entire thing. I loved it from the start, but grew to love it even more as it went on.