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In a report mapping out what to expect over the next decade, BofA analysts said that largely unchecked globalization, which ran roughly from 1981-2016, “is coming to an end.” This change will take place due to “the widespread recognition that while globalization has meant lower consumer prices, it has also meant slower growth, precarious employment and social disruption.”

Economist Paul Krugman, the longtime defender of global free trade and a member of the failed “Never Trump” movement, now admits that globalization has failed American workers. In a column for Bloomberg titled “What Economists (Including Me) Got Wrong About Globalization,” Krugman admits that the economic consensus for free trade that has prevailed for decades has failed to recognize how globalization has skyrocketed inequality for America’s working and middle class workers. Krugman, though, writes that he and his fellow free trade economists “had no way to know” that globalization of the American economy or a surge in trade deficits “were...

…….When the national debate over illegal immigration and border security was heating up back in 2005 and 2006 in response to amnesty proposals in Congress, I was roundly criticized for suggesting the opposition to amnesty was rooted in opposition to secure borders. I was attacked by some prominent leaders of the Republican Party for saying that the U.S. Chamber of Commerce saw illegal aliens as cheap labor and the Democrat Party saw them as future Democratic voters. I take no pleasure in observing in 2019 that Democratic leaders in Congress are aggressively advocating open borders as a path to a...

Pope Francis calls for new ‘supranational’ authorities to enforce UN goals ROME, May 2, 2019 (LifeSiteNews) — Pope Francis made a strong push for globalism on Thursday, calling for a supranational, legally constituted body to enforce United Nations’ Sustainable Development Goals and implement “climate change” policies.  Speaking to members of the Pontifical Academy of Social Sciences in the Vatican’s Apostolic Palace, the Pope said: “When a supranational common good is clearly identified, there is need for a special legally constituted authority capable of facilitating its implementation.”  “Think of the great contemporary challenges of climate change, new slavery and peace,” he told members of the Pontifical Academy,...

Andrey Melnikov, the editor of NG-Religii, reports on a conference this week at the Russian Cultural Center in Budapest devoted to the growth of conservative national consciousness in the members of the European Union and the rest of the world. The meeting, which attracted representatives from 24 different countries, is formally the 25th Conference of the International Foundation for the Unity of Orthodox Peoples, a group that, in Melnikov’s words, has “positioned itself as an international conservative organization” which criticizes globalization from the perspective of “fundamentalist Christianity.” The meeting is taking place in Budapest, the Moscow journalist says, because Hungary...

China’s assistant commerce minister said on Wednesday that the latest proposed tariffs from the United States harms the World Trade Organization system and hurts globalization. […] The Ministry of Commerce’s Li Chenggang said the only correct choice for China-U.S. relations was cooperation. …

Saturday, March 10, 2018 We're From the International Community and We're Here to Help Posted by Daniel Greenfield >3 Comments “I've always felt the nine most terrifying words in the English language are: I'm from the Government, and I'm here to help,” Ronald Reagan famously said. But the most terrifying words in every other language are, “We’re from the international community and we’re here to help.” In Haitian Creole that would be, "Nou soti nan kominote entènasyonal la e nou isit la pou ede." When an earthquake hit Haiti in ’10, everyone who was anyone in the international community quickly...

A headline in the Wall Street Journal last month put the matter plainly: There are “Two Americas.” One America that gains from globalization, and another, much larger, America that loses from globalization. And as we now know, this cleaving of the nation is not just a matter of economics, it’s also a matter of life and death. The Journal piece was an interview with the Nobel Prize-winning Princeton University economist Angus Deaton; two years ago, Deaton and his wife and fellow Princeton economist, Anne Case, burst into prominence with a rigorous study on the rising death rate of white Americans....

The Global Failure of Globalization Can we survive its collapse? October 20, 2017 Daniel Greenfield Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is an investigative journalist and writer focusing on the radical left and Islamic terrorism. “We cannot allow to fall back into pre-globalization times,” German Chancellor Angela Merkel warned. Merkel was welcoming Obama back to Berlin for the last time. The election had been fought and won nine days earlier. And Obama and Merkel were defending globalism against President-elect Trump. To Merkel and Obama, returning to pre-globalization times was every bit as mad as going back...

When you leave the classroom or office and go into the world, you see at first its richness and confusions, the variety and tumult. Then, if you keep moving and do not quit looking, commonalties begin to emerge. National success is eccentric. But national failure is programmed and predictable. Spotting the future losers among the world's states becomes so easy it loses its entertainment value. In this world of multiple and simultaneous revolutions--in technology, information, social organization, biology, economics, and convenience--the rules of international competition have changed. There is a global marketplace and, increasingly, a global economy. While there is...

Apple CEO Tim Cook defended globalization on Saturday, arguing that it is generally "great for the world." During a public speech in China, Cook reportedly warned world leaders against abandoning globalization even though gains are not equally distributed within nations. “I think the worst thing would be to—because it didn’t help everyone—is to say it’s bad and do less of that,” Cook said during his speech at an annual conference sponsored by the Chinese government, The Wall Street Journal reported. “I think the reality is you can see that countries in the world … that isolate themselves, it’s not good...

Billionaire tech entrepreneur and adviser to President Trump, Peter Thiel, declared globalization to be over on Tuesday, claiming it’s “so 2005, it feels so dated.” “I’m naturally inclined to think of it in those terms,” said Thiel on the topic of how Trump’s victory showed the American people’s dissatisfaction with globalization. “There’s something around globalization that’s not been working that well.”

SAN FRANCISCO (Reuters) - The University of California, San Francisco on Tuesday laid off 49 information technology (IT) employees and outsourced their work to a company based in India, ending a year-long process that has brought the public university under fire. The university announced the plan last July as a way to save $30 million over five years. The University of California system, which includes health care and research-focused UCSF, has been struggling to raise revenue and cut expenses. Globalization and outsourcing have become hot-button political issues in the United States, as more employers cut costs by farming out work...

Hot on the heels of retailers who have halted sales of Ivanka Trump's clothing line in protest against Trump (and free marketing buzz), the tech "resistance" against Trump got its lead from Facebook CEO Mark Zuckeberg who on Thursday posted a lengthy note "rebuking isolationist “America First” sentiment, and touting the merits of globalization and a “global community” working for innovation and progress." In short, the CEO of the "social network", whose business model is predicated upon uninhibited globalization allowing advertisers to reach into every corner of the world with 3 second video clips, is calling for a global government....

World citizens are going through an "identity crisis," leading to some of the political upheaval seen across the globe, World Economic Forum (WEF) founder Klaus Schwab said on Sunday, addressing the rise of the anti-globalization sentiment. The man behind the annual gathering of elites in the Swiss mountain retreat of Davos outlined why he believed that led to events such as the election of U.S. President Donald Trump and Britain's exit from the European Union. Schwab said that globalization has created a "new economic equation" in which labor prices have fallen while those who have capital have benefited. He said...

Global humanitarian reasons for current U.S. immigration are tested in this updated version of immigration author and journalist Roy Beck's colorful presentation of data from the World Bank and U.S. Census Bureau. The 1996 version of this immigration gumballs presentation has been one of the most viewed immigration policy presentations on the internet.

China’s President Xi Jinping warned on Tuesday against scapegoating globalization for the world’s ills or retreating behind protectionist walls, staking out an alternative vision for the international economy days before Donald Trump takes office. The global economic order has been led for decades by the United States, but the president-elect is threatening to tear up the rule book, and Xi used his debut appearance at the World Economic Forum in Davos to insist that globalization was irreversible. “Pursuing protectionism is like locking oneself in a dark room. Wind and rain may be kept outside, but so is light and air,”...

During a shouting matching Thursday night between top aides of Donald Trump and Hillary Clinton, the President-elect’s campaign manager Kellyanne Conway summed up a key reason for why my Democratic Party lost – and will likely continue to lose. “There’s a difference for voters between what offends you and what affects you.” To understand what she meant, look to the recent developments in Indiana. Millions of voters in the Rust Belt are in awe as 1,100 of their fellow blue-collar workers at Carrier narrowly missed being laid off. Instead of training Mexican replacements, these Hoosiers are celebrating an American paycheck....

see link below

Looks like another factory in Indiana planning to relocate - this time Rexnord Bearings. Link: http://fox59.com/2016/10/16/rexnord-bearings-employees-planning-for-their-jobs-to-dissapear-to-mexico-by-april/