Globalization is About to Collapse. Here's Why (Pike Productions)

No economic model can compete with Globalization. It has lifted billions out of poverty, virtually eliminated famine, and provided untold riches that our ancestors could only dream of. Despite the pros and cons of globalization, it is doomed to fail.



Billions could have been lifted out of poverty without globalisation as we know it. Self contained countries, open to new technologies, and in limited competition regionally, not globally, can boost their people up economically.

Each country does not have to be completely open to global markets. A level of protectionism works, where a country tends to its internal markets, with local production, rather than importing everything from various production centers. Costs might be higher, but this sort of activity generates higher paying jobs.

Globalisation has actually helped keep African countries relatively poor. They are resource rich but have trouble developing because a lot of products made overseas are dumped into their nations that then stops industrial development. Africa would do well to have tariffs and produce their own goods.  

Please note: This video was posted because it deals with the reality of a globalised system. However, their take on certain geopolitical matters is very mainstream (faulty). One other point, when it comes to population decline and growth - one cannot expect endless growth. At some points in history civilisations experience deflationary periods and contractions.   

Best Comments on You Tube:

D dicin
Globalization laid waste to the middle parts of North America. As a canadian young man in the 70s I traveled extensively through all the small towns and cities from the great lakes all the way down to the Gulf coast. What I found virtually everywhere I went were thriving towns filled with upbeat and friendly people. There were factories everywhere. I often saw 'help wanted' signs prominently displayed in front of sprawling industrial works. All that was annihilated during the free trade era that began in the late 80s. Our capitalist class responsible for destroying what I considered a paradise are a ruthless bunch.

Scott Harding
This analysis largely leaves out energy as a factor of global production. It also glosses over the enormous amount of debt that has been used to finance the system.

[Posted at the SpookyWeather2 blog, January 18, 2023.]