The Dream and the Nightmare of Globalization

[endicom]

American Greatness
Victor Davis Hanson
June 18, 2018

After World War II, only the United States possessed the capital, the military, freedom, and the international good will to arrest the spread of global Stalinism. To save the fragile postwar West, America was soon willing to rebuild and rearm war-torn former democracies. Over seven decades, it intervened in proxy wars against Soviet and Chinese clients, and radical rogue regimes. It accepted asymmetrical and unfavorable trade as the price of leading and saving the West. America became the sole patron for dozens of needy clients—with no time limit on such asymmetry.

Yet what would become the globalized project was predicated on lots of flawed, but unquestioned assumptions:

The great wealth and power of the United States was limitless. It alone could afford to subsidize other nations. Any commercial or military wound was always considered superficial and well worth the cost of protecting the civilized order.

More... https://amgreatness.com/2018/06/18/the-dream-and-the-nightmare-of-globalization/

[Sanguine]

Scathing.

[endicom]

Scathing.

After WWII, we faced a situation of propping up other nations or probably losing them to Soviet expansion. Out of the fascistic frying pan and into the communistic fire. But the propping should have been temporary.

[Sanguine]

After WWII, we faced a situation of propping up other nations or probably losing them to Soviet expansion. Out of the fascistic frying pan and into the communistic fire. But the propping should have been temporary.

Exactly.