Tag: wakeup

There is no question that globalization has been a good thing for many developing countries who now have access to our markets and can export cheap goods. Globalization has also been good for Multi-national corporations and Wall Street. But globalization has not been good for working people (blue or white collar) and has led to… Continue reading My War on Globalism 28

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A story in the Washington Post said “20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. In the U.S. and Europe consumers would have their pick of inexpensive items made by people thousands of miles away whose pay was much lower than theirs. And… Continue reading My War on Globalism 27

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Pursuing greater self-sufficiency also comes with other risks that are harder to quantify. When the pandemic spread, for example, nearly every nation in the world turned inward, closing borders to try to keep the virus out. No country did it more thoroughly than China, which has now kept its borders shut for more than two years in… Continue reading My War on Globalism 26

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Throwing globalization into reverse has forced big changes in corporate strategy. Resilience has become the new buzzword, replacing the just-in-time strategy that led many companies to save costs by reducing inventory and relying on efficient global distribution networks to source components and get products to customers on time. After several years of supply chain disruptions… Continue reading My War on Globalism 25

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