Bank of America: Trend For 2020s Will be the “End of Globalization”

summit.news ^ | 29 December, 2019 | Paul Joseph Watson

[867V309]

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.”

[867V309]

slower growth, precarious employment and social disruption are hallmarks of globalization.

more bureaucrats, regulation, forced immigration, diversity, cultural disruption.

can you say EU?

[Beowulf9]

If I read this right BOA is recognizing the problem with globalization?

First time I ever thought well of BOA.

[Okeydoker]

That is not what the article implies at all

[Atticus]

Interesting coming from the institution I call Bank of the Americas.

[Biggirl]

Can you say “MAGA?”

[PeterPrinciple]

Although the forecast is full of trepidation, the fact that globalism is coming to an end and that we will begin to see the possible reversal of mass immigration should offer hope for many on the right.

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would be interesting to read the whole report.

[PeterPrinciple]

The transhumanist pursuit of “immortality” will also come to the fore in the next decade,

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https://en.wikipedia.org/wiki/Transhumanism

[Moonman62]

So they are admitting that Trump was right and the first major leader to be right.

[grey_whiskers]

They've run out of even unqualified Indians (dot not feather)...

[PeterPrinciple]

A fake fortuneteller can be tolerated. But an authentic soothsayer should be shot on sight. Cassandra did not get half the kicking around she deserved.
— Robert Heinlein

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These futuristic meetings and articles are fun but reminded me of Heinlein.

[C210N]

May it lead to all the demise of all satanist forms of glowBullization:

GlowBull Warming

Agenda 21, 30, etc.

Multiculturalism

and more...

[rbg81]

Coming to an end? Hah. I will believe it when I see it. Like Commies, these people NEVER give up.

[BobL]

As far as I’m concerned Globalization was needed to break our unions, and it worked very well (how often do you hear about strikes these days, compared to 40 years ago).

But that day is over, it’s time to bring back some capability to the US.

[cuban leaf]

Haha! See tag line.

[Trumpet 1]

Never trust BOA with regards to globalization. Too much money laundering with international banking. BOA likes corruption just as much as any other multi-national bank.

[jmacusa]

These a**holes were giving loans to illegals in the last decade.

[discostu]

Not a chance. The global market is too big. There’s too many good reasons to be all over the place.

[Billthedrill]

I'd beware of terminology here. Globalization turned out to be relatively economically successful, enough so to stimulate trade protections such as tariffs. Globalism, however, turned out to be an ideology with some very suspect premises, such as that uncontrolled immigration could lead to assimilation which would, in turn, lead to a stabler welfare state. Nobody bothered to inform the immigrants of that happy presumption, nor do they appear to have reached any such conclusion on their own. Another was that a global economy would either lead to a global culture or require it as a prerequisite. Culture, customs, and traditions pushed back, hard. A third was that future society would be heavily urbanized for all but support functions such as agriculture, which would benefit from increasing automation. Turned out people don't all want to live in cities with their lives ordered to fit. A fourth derived from utterly discredited Marxian theory was that the middle class who would be called upon to fund this would be safely diminished as a result without the societies in question falling apart.

The result of these assumptions and others was that Globalization increasingly began to resemble empire, with an aristocracy and a proletariat. It's an ancient human social experiment that has consistently produced temporary success, concomitant misery, decadence, and downfall. Still people attempt it, because it's sweet to be of that aristocracy while it lasts.

This time around, though, freedom is pushing back. In time? That's the question.

[5th MEB]

I still wouldn’t, and don’t trust them with one cent of my money.

B of A is nothing but a bunch of lying, cheating, thieving, damn crooks!

[Cold War Veteran - Submarines]

Very well said. You were able to express what I was thinking but hadn’t quite been able to string my thoughts together adequately. As a corollary, like the work necessary to keep our planet clean being tied to the need to adopt socialism as the only solution. Ok, not a very good corollary but maybe you see the point.