Has globalization failed us? 

Same problem with protectionism, greed and selfishness

problem is finance

Problem is that my dog don't speak French.

@koni Hi, 100% agree. Globalization is not the problem, Capatalist's greed is the problem.

@@_Digitalguy I'll take protectionism.

It's not working, due to the fact that many nations loose their manufacturing by giving it to other nations

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Fine for you, more fine for Capatalist's and not so fine for the global warming

Only till US provided security to the world. Now we don’t and you can see new pirates propping up and divide of wold into smaller blocks.

It DID work, except most people don't understand why Globalization was created. It was NOT to benefit countries like Rwanda; that was just icing on the cake. Globalization was created as a BRIBE from the US to the rest of the world to side with it, rather than the Soviet Union. Globalization was an American Security Strategy, not an Economic Strategy. The US was already the wealthiest nation on Earth by the 1870s, so it didn't need to get wealthy off of Globalization. On the contrary, the hollowing out of American Manufacturing over the decades since WWII, was an American SACRIFICE for the common people. Globalization moved out the manufacturing to places better suited to it, leaving many jobless from where those industries began. The protection of the US Navy of the Global Shipping Routes and securing International stability allowed less advanced nations (such as Rwanda) to participate for the first time. Unfortunately for many, Globalization could never last forever. A side effect of the Industrialization process was Urbanization, and a very significant side effect of Urbanization is Demographic Collapse. Cramped living conditions strongly discouraged birth rates around the industrialized world. It has gotten so bad that the populations supporting the massive global economy are now going onto retirement or dying off, but with far fewer people to replace them, creating reduced labor pools as well as much lower Economic demand. The topic is fairly complicated, but suffice to say Globalization as we've known it is on its way out. For a while at least, the world is going to look a lot closer to the 18th century Imperial Age going forward.

Completely agree

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Europe and US give the most sanctions to poor countries! They are really colonialist! For trade, we can turn to Asia countries

Brazil is also highly dependent upon Fertilizer Imports to sustain its Agricultural output. The disruption of Fertilizer Imports is disastrous for Brazil. Unless alternative sources can be secured, Brazil is also in for a bumpy ride as well.

Russia fertilizer will be great compliment to Brasil agriculture

Brazil has its own fertilizer

It's not just about food and manufacturing but also oil, since oil went up rest of all followed.

Globalisation is morphing as new agendas come into focus. These now drive action on climate change, taxation of global companies, tackling terrorism, sharing vaccines and the like, writes T N Ninan 5:05 Source: Business Standard

Yes, it's market dominion for others and tariffs for some

tell me what inventions were african and moved the world forward? Musa masa had an empire and so much gold, ok so what?

@@Nanix1991 So, I made the point that people ignore the innovations and accomplishments of Africans and you respond by expressing ignorance of even a single contribution made by Africans. Do you not see the grave irony of your question? The video is silent on Africa's complex and extensive trade with other ancient empires not because these don't exist, but because people don't care to enlighten themselves. The fact that you suggest that all there is to it is, "Mansa Musa" whose name you mispelt, is a reflection of your choice to not engage with African history, not what the reality is. I encourage you to expand your horizons. The history of precolonial Africa is just as rich and fascinating as any.

By the way...why Africans were not developed like Europeans? The answer could pass through trades but why not trade with them? They are afraid...simply like that.

@@carlosr192 Please stop finding excuses. Africanswill blame colonization even 200 years after. Slavery and colonization has always been humanity's history and yet each civlization managed to stand up from it.

@@YananoBere please tell me, the ignorant me about the fascinating and super developed subsaharan civilizations. I will research about it and hopefully be less stupid.

This wasn't by accident, it was by design

@@ravenwhiteduck6460 nah it's just nature.

8:05!

Irony of ironies, if the Global energy supply chains break down (which they are), people around the world will revert from Natural Gas and Oil which are relatively lower in carbon emissions, back to much more easily obtained Coal and Wood which are MUCH higher in carbon emissions. We're facing nothing short of not just global de-industrialization, but de-civilization as global supply chains break down and the world reverts back to an age of Empire with competing closed economic systems. It won't stop people from burning Coal and Wood though, as energy is energy, and desperate people don't care where it comes from.

@@Seastallion a funny globalized. wonderful summary. "Happy birthday" 8:06

If it was only so simple. If only all stopped eating animal products, you be having 75% more of a positive impact than EV cars. So, start eating the greens instead

Yeah globalization can not fail it can only be failed. That makes a lot of sense Mr laptop.

Prior to WWII there WAS no Globalization. The Global trade was divided between various competing Empires and their Colonial assets. That WASN'T Globalization. Near the end of WWII, in 1944 in Brettonwoods NH (vaguely mentioned in the video), the US essentially bribed the world into Globalization by offering to buy any Imports from said countries, protect the Global Shipping Routes, and include participating Nations under the US security umbrella (enter the Korean War and Vietnam). There has only ever been ONE Globalization in the sense we've known it since the end of WWII. Now it is failing even if the US wanted to keep it going, largely due to demographic collapse across the industrialized world. Also because the US Navy is no longer capable of securing all the world's oceans as it once did because of fewer ships. The US Navy is still incredibly powerful, but that power is more concentrated into fewer ships, not the many hundreds of ships needed to patrol the entire world's shipping lanes. Regardless of Naval capacity, demographics alone will finish Globalization off. Globalization will still survive in a way, but very much reduced only to the Nations that the US will find useful whether economically or strategically.

Because theres an inherent anti-west sentiment embedded in this video.

Many times I become the guineapig. I will get nothing in this world. Don't make me guineapig by showing hope.

Globalization and Marxism

Really? Hummm how about the homelessness, lack of housing in rich countries. The reality is another reality. Globalization is deceiving.

Absolutely agreed

Europe and US give the most sanctions to poor countries! They are really colonialist! For trade, we can turn to Asia countries

@@vedantmungre1702 petrodollar only contributes 10% to the US economy so it won't be a big deal for the US.

How globalization helped?? 😁

Helped to get you cheap Chinese iPhones

Domination

Not only is there not going to be an apple automobile there's not going to be any more Apple phones for a long long time

great comment

I care for my nation first and foremost. I want the doors rebuilt.

Maritime silk road

The world during Rome wasn't close to being unipolar

Globalisation has been happening since millenials. The americans think globalisation is their own creation yet the world had known the existence of silk road in the 13th century, the China-Indonesia-India-Egypt trades route in the 6th century, or if you want to go back much further, in the bronze age countries had been trading with their neighbours.

Nah

Globalization needs better management but humanity is too fucking selfish. We must expand international relations we must be united

Let it burn

I would prefer the age of lonely islands. I don't want to be part of some global group singing kumbaya. I couldn't give a single damn about it. I'm awaiting a decoupling. A fracturing.

One of the Soviets' greatest gifts to the world was being the bogeyman we needed to make friends. Maybe China can volunteer this time?

The Covid 19 pandemic and Russia's invasion of Ukraine have highlighted risks associated with the interconnected nature of global trade. 7:21

Lol, what?

But I will blame Russia for invading Ukraine, whetever you like it or not.

@@DiogoJ1 Can you Explain region

@@DiogoJ1 western problem is world problem but world problem is not western problem this is the biggest point

whos started the invasion?

You WISH go and ask Winnie the Pooh if he will stop his state intervention in companies without a fight

This is too idealistic and naive given the complex political and economic dynamics between nations, especially when it comes to current geopolitics.

When you get out of your little bubble, you’ll realize you are wrong. Many nations in the east, including India, have economically boomed in globalization. Europe and the US have a lower share then ever in industry, so give up old ghost.

@@Vandelberger Only the vasal states of the west but now due to china's growth I really think other countries will also start to prosper because the west doesn't have the resources to colonize the world again. India hasn't grown due to globalisation whatever India has accomplished till now is only becz of liberalisation of our huge Indian market and due to talented Indians and due to the support of Indian govt. Still you haven't answered about the $45 trillion becz the whole west has benifited from that. But still I belive that now when India will once again gain it's position on the world stage maybe till the mid of this century. I think the world will once again be a better place ,a place where equality, justice, equity, spirituality will be at its finest. After all this I really don't have any prejudice against anyone because that's what Indian values are, me as a Bhartiya hope that everyone in this world will prosper and learn how to live together with peace and harmony. Vasudev katumbhkam 🇮🇳

One of my favorite elements.