The Internal and External Challenges Facing Globalism

Globalism stands at a crossroads.

Globalism is an ideology that views the Earth as a single community.

In concrete terms, it involves the global expansion of free trade (where the government does not protect domestic industries from foreign trade, but instead leaves it to the free market) and the market economy (where goods are freely traded through the market).

Examples include multinational corporations such as Apple, Amazon, Netflix, OpenAI, SpaceX, as well as Toyota and Sony, which operate across national borders.

For a long time, globalization was believed to bring prosperity to the world. This is because if countries involved in global trade specialize in producing the goods they excel at, overall global production increases.

For consumers, this means better products at lower prices. For companies, business opportunities expand on a global scale. After all, simply being able to obtain goods that cannot be produced domestically is a benefit in itself (for example, Japanese companies currently lack the technology to construct offshore wind farms. Furthermore, the mud-lifting pipe used this past February to recover rare-earth mud from the seabed at a depth of 6,000 meters off Minamitorishima was based on British technology developed for offshore oil field development).

However, nations remain too fragmented to view the Earth as a single community.