"The central issue is not penguins or Trump's IQ" - Joana Amaral Dias

 

The central issue is not penguins or Trump's IQ. The issue is uncertainty, whether we are leaving a nightmare to enter a night terror or a paradise.

 

"Wow! So many people are mourning the announced end of globalization in the wake of Trump's tariffs. It seems that this model of development was so generous and beneficial.

 

The European elites and commentators are apoplectic and predicting a major recession in the US and/or a destructive inflationary process. Others simply declare that Trump is crazy, as if with this easy adjective they could produce the finest geopolitical analysis.

 

But this globalization that they defend tooth and nail was great for American hegemony after the collapse of the USSR, magnificent for China and the white sharks of international finance, but devastating for public finances, medium/small businesses and families who are now living much worse than at the end of the last century.

 

In fact, unlike Universalism, Globalization is misanthropic. It desires and builds hordes of people with no memory, no history, no roots, no connections, amorphous and homogeneous masses that can be easily trained.

 

Never in the history of mankind has there been so much instability, so many economic, currency and banking crises as in these decades of Globalisation.

Globalisation has, above all, been a financial process causing great disruption to national economies. There has been unprecedented privatisation of companies and public services, brutal labour and environmental deregulation.

The relocation of productive and even intellectual sectors abroad has been haemorrhagic. The effects of this globalisation are there for all to see: wage stagnation and impoverishment, too little industry and too much financialisation, crippling indebtedness, making it impossible for governments to fulfil basic social functions.

 

It should be noted that deglobalisation in today's multipolar world was only inevitable. It was not a choice made by the US president but a consequence of the reorganisation of world power.

 

There is a Rest of the World that is increasingly defending its interests, is not afraid of the US and is not submitting to the West, not least because it has reached high levels of technological development, digitalisation, automation and Artificial Intelligence.

 

While many countries with weak economies have been severely chastised by supranational institutions such as the IMF and the World Bank, there have been countries with political and technological capacity that have taken advantage, such as China, which has lifted 800 million out of poverty. Of course, the US couldn't continue with an economy that is deindustrialising so that its companies can make profits in other countries.

 

The US president wants to re-industrialise (very much based on technological innovation), reduce American dependence on global value chains, revive the economic frontier, protectionism and political economy. Perhaps the markets will once again depend on the state and financial capital will return to the centres of national power, no longer in the hands of a super-caste. Maybe.

 

The central issue is not penguins or Trump's IQ. The issue is uncertainty, whether we are leaving a nightmare to enter a night terror or a paradise.

Why are we abandoning this predatory globalisation?

What answers does Europe have?

More federalism and more centralism?

More racing towards the abyss?

How good it would be to have a voice to pave the way..." 

Joana Amaral Dias | Political Activist



 

 

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