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  1. Globalization and Decommissioning Democracy

    Howard Wachtel
    02 February 2021
    Article

    Discussions of the threat to liberal democracy have neglected perhaps the most surprising source that is one of the major arcs of history of the last three decades: globalization. It promised the promotion of liberal democracy encapsulated in neoliberal economics whose components include free movement of capital and finance, free trade, free movement of people, and the free transfer of ideas through social media. While globalization has achieved many of these four freedoms, it has also fostered its precise opposite: a borderless world that has stripped the principal source of political democracy – the nation state -- of much of its political and economic legitimacy for the liberal democracy that created globalization. Governments became weakened by the very fraying of its borders wrought by a globalization they promoted.