Harpers Magazine 2004 | John Ralston Saul | The Collapse of Globalism
Grand economic theories rarely last more than a few decades. Some, if they are particularly in tune with technological or political events, may make it to half a century. Beyond that, little short of military force can keep them in place. The wild open-market theory that died in 1929 had a run of just over thirty years. Communism, a complete melding of religious, economic, and global theories, stretched to seventy years in Russia and forty-five years in central Europe, thanks precisely to the intensive use of military and police force. Keynesianism, if you add its flexible, muscular form during the Depression to its more rigid postwar version, lasted forty-five years. Our own Globalization, with its technocratic and technological determinism and market idolatry, had thirty years.
And now it, too, is dead.
Despite the almost religious certainty with which it was conceived, nation states have not become extinct, international trade has not created real wealth that has spread across society and many dictatorships have not changed into democracies. In this groundbreaking book, the distinguished philosopher John Ralston Saul examines where we go from here. As the hope of global prosperity fades and the problems of immigration, terrorism and the collapsing economy cause the world’s nations to rethink their relationships, Saul’s exhilarating investigation into the collapse of globalism is essential – and timely.
(tags: globalism economy)