Wednesday, December 16, 2020

Globalism: Old, New and In Reality

 

 

        The modern concept of “globalism” arose in the post-war debates of the 1940s in the United States. This was an America in a position of unprecedented power, due largely to the fact that, The USA alone, among the developed nations of the world, had seen economic boom during the war as the end of the Great Depression gave way to wartime production while other nations saw their production capabilities severely limited or all but obliterated by the same war.

        US planners formulated policies to shape the kind of postwar world they wanted, which, in economic terms, meant a globe-spanning capitalist order centered exclusively upon the United States. In a sense this was almost Hitlerian or Stalinist in concept, as world domination was the goal, albeit of a “kinder, gentler” type, but domination, nonetheless. This was the period when US global power was at its peak: the country was the greatest economic power the world had ever known, with the greatest military machine in human history. In February 1948, George Kennan's Policy Planning Staff memorandum described those aims thus: "We have about 50% of the world's wealth but only 6.3% of its population.… Our real task in the coming period is to devise a pattern of relationships which will permit us to maintain this position of disparity". Read that again. Sounds like Steve Bannon wrote it. It is global in reach and intent and is Capitalism run amok. It might as well say: “Let’s do all we can to ensure the rest of the world remains impoverished relative to the USA.”  America's allies and foes in Eurasia were still recovering from World War II at this time, and that process was examined rather short sightedly in assuming that their secondary status either could or should be maintained.

        Why this lengthy opening? Simply because what Donald Trump and Steve Bannon, et. al. have derided as “globalism” shows one or more of several possibilities. One (and the most likely) is that they simply changed the definition to suit their world view, which would mean that, while their view echoes that 1948 definition, they now deride “globalism” in favor of the illusory “American Exceptionalism.”  This seems to be a sort of “Well, if we’re not totally in economic control of the world, we’re morally superior!”

        This also entails a shift in the perception of what the, US created, United Nations mission truly is. In my opinion, 1948 Globalists originally envisioned the UN as a paternalistic control mechanism for White Europeans and North Americans to exert control over world events. Again, Trump and Bannon would have been (and are) on board with that concept, but what happened is that the definition has morphed significantly. This explains far right antipathy to a UN which dares to deal evenly with all nations.

        Remembering the Kennan memo verbiage, now consider the current definition of “Globalist”: “A person who advocates the interpretation or planning of economic and foreign policy in relation to events and developments throughout the world.”

        So, bearing in mind that the latter definition is essentially the opposite of the 1948 one, which does Trump really detest? Of course, it’s the current one, and I would assure you that he has no idea that the 1948 one, which enriched his father and, by extension himself, existed, since he has demonstrated on numerous occasions that he slept through History class, and has what is most likely the lowest cultural IQ of any 20-21st century Chief Executive, save for Warren Harding and Bush 43. This would explain that, while he now uses “Globalist” in the revised sense as a pejorative, he has sucked up to Saudis, Russian oligarchs, the Chinese (even though COVID-19 has dimmed that love affair), Turkey, the Emirates, and the list goes on. Of course, we know that instead of assuming any true philosophical purity of thought in Trumpian rhetoric, we would be better advised to adopt the tactics urged upon Woodward and Bernstein by Deep Throat - “Follow the money.”

        Doing that shows that Trump himself is more globalist than not where his persona financial affairs are concerned. His long- time affair with Deutsche Bank, (aka the “Global Laundromat” for its Russian Money $20 billion cleaning service) which only recently has also cut him off as have all major US Commercial lenders already have, is an indicator that Trump will do anything and go anywhere for money, patriotism be damned. There are serious questions regarding how much Russians and the National Bank of China are owed by the Trump Organization. All this, of course, while shouting the opposite philosophy to the great unwashed at rallies conducted at taxpayer expense.

        But enough about Trump, specifically, for the moment, and let’s reconsider the current definition of globalism and the implications of worldwide changes since WWII. The earlier definition was essentially a plan for world economic domination. That ship has sailed. Even more than that, the means to accomplish economic prosperity have changed as distribution of essential of not only basic raw materials, but also relatively rare metals and metalloids has significantly altered the playing field.   

        As briefly as possible:  The dominant fact apparent in any meaningful discussions of the raw materials position of the United States is its increasing dependence on foreign sources of supply. Less than 50 years ago we produced, within our own borders, practically all of the basic materials required by domestic industries and, in addition, had some surpluses for export. Not anymore. The transition from a position of relative self-sufficiency in industrial materials to that of the world's greatest importing nation deserves to be regarded as a major event in modern economic history. It marks the transformation of the United States from an underdeveloped to a highly developed industrial economy. But also presents the reality of dependence on others.

      Currently, we consume 35 to 40 percent of the free world's output of basic materials. Our annual purchases from abroad put  billions at the disposal of foreign countries, most of them in the category known as "underdeveloped." Clearly the “new” globalization is essential to our continued economic well- being. In fact, some of the most critical rare earths used in high tech electronics, computer memory, DVDs, rechargeable batteries, cell phones, catalytic converters, magnets, fluorescent lighting, many military systems and much more are distributed globally to the extent that, for the rarest ones, China and Brazil control about 60% of the known world’s supply. Clearly, the “old” Globalism doesn’t, and can’t, work anymore, yet Trump and McConnell use the “new” context (international economic cooperation) as a negative even as (primarily) Japan and Saudi Arabia, and other foreign investors own 29.3% our national debt. You’ll probably hear some of this strange disconnect from Senate Republicans during some of the Biden cabinet confirmation hearings. Don’t be fooled into thinking Mitch McConnell ever had, or has had, the true national interest as his moral compass.  

No comments:

Post a Comment