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Globalization as we know it is over. Industrial policies dismissed as obsolete for decades have been embraced by governments worldwide, geopolitical tensions are reminiscent of those at the height of the Cold War, and a resurgent far-right challenges the very foundations of contemporary democracy. In this book Jamie Merchant examines the roots of this significant shift in the global landscape, reaching further back than the commonly blamed failures post-Cold War. Instead, reviewing the global economy over the entire previous century, he shows that the great political and economic changes of the last decade are due not to a failed ideology of globalization, but to the long-term decay of the modern, market-based economic order. Endgame offers a historical perspective on the period of globalization, illuminating the future path of the global economy and world politics.
Globalization as we know it is over. Industrial policies dismissed as obsolete for decades have been embraced by governments worldwide, geopolitical tensions are reminiscent of those at the height of the Cold War, and a resurgent far-right challenges the very foundations of contemporary democracy. In this book Jamie Merchant examines the roots of this significant shift in the global landscape, reaching further back than the commonly blamed failures post-Cold War. Instead, reviewing the global economy over the entire previous century, he shows that the great political and economic changes of the last decade are due not to a failed ideology of globalization, but to the long-term decay of the modern, market-based economic order. Endgame offers a historical perspective on the period of globalization, illuminating the future path of the global economy and world politics.