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Dr. Alan O'Sullivan

๐Ÿ‘ค Speaker
1737 total appearances

Appearances Over Time

Podcast Appearances

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

And he frames this in the terms of a positive sum versus a zero sum game.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

Globalization was seen as this positive thing where other countries would compete with each other, as I said, trade with each other.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

But natural competition would be good, good for the consumer, good for perhaps global equality, et cetera, et cetera.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

But as I've said in previous interviews with the likes of Louis Vincent Gave and a lot of other people,

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

China's ascension to WTO in 2001 laid the groundwork for the likes of Trump, laid the groundwork for politicians like Nigel Farage, Marie Le Pen.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

I could go on and on and on.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

Victor Orban, who lost his seat, lost his position in power last week.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

So...

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

But this leads to this politics of resentment or othering, economics infected by domestic.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

So what if we look at the U.S.?

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

And this can be mirrored across the world, really.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

If you look at the United States, hollowing out of the middle class in the U.S., the export of all those manufacturing jobs, this has led to a crisis in domestic politics in the U.S., the emergence of Trump.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

That has fed into economics, which has then fed into geopolitics.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

And we can see this.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

What do you mean?

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

You can see, look at the post-World War II institutions such as the World Bank, the IMF.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

Look at the UN.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

Look how weak that looks today.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

And we see these other institutions, the Asian Infrastructure Investment Bank, I think it is, National Development Bank.

The MOST Important Thing
The MIT Website, Newsletter and Market Wrap

And these are...