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Globalization and Lobbying are not irreversible trends. The world is already starting to become less "global", with the Chinese belt-and-road initiative, Russia
by HDMI_Cable 5y ago
Globalization and Lobbying are not irreversible trends. The world is already starting to become less "global", with the Chinese belt-and-road initiative, Russian exclusionism, and the breakdown of NAFTA (among other things). Many world powers, including Russia, China, and the US (to some degree) want the world to be less open for trade and large corporations.
as for lobbying, America has been through this before. The Gilded Age saw lobbying to an even more extreme degree, with companies like US Steel and Standard Oil able to basically pay off senators. The same thing happened with slave plantations in the 1850s. After the great depression (and even before to some small extent; see the breakup of Standard Oil), laws were put into place heavily curbing lobbying, insider trading, among other things (like stock buybacks). Really, we're in another Gilded Age, and one day the balance of power between the individual, the state, and the industry will shift again.