Globalization Isn’t Dead, But It’s Taking a Nap

membership ticker

Autocratic forces are ascendant.

Truth-telling independent media is one remaining bulwark against an autocrat’s unrestrained exercise of power. At a time when billionaire owners of corporate media are making accommodations to political leaders, our nonprofit newsroom cannot be bought, bent, or broken. Depend on it, and please stand with us.

Autocratic forces are ascendant in America. But truth-telling independent media is one remaining bulwark against the unrestrained exercise of power. At a time when billionaire owners of corporate media are making accommodations to political leaders, our nonprofit newsroom cannot be bought or broken. Please stand with us.

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.

The Wall Street Journal says that globalization is dead, killed on a rising tide of financial crisis, populism, and nationalist politics. Some threads of their evidence are more convincing than others, but a quick look at global trade shows that they have a point:

Since 2011, world trade (in both merchandise and services) has grown at a rate of about 0.8 percent per year. By 2014 it had barely recovered to its pre-recession high. That compares to a growth rate of over 17 percent per year in the first eight years of the century. Globalization may not be dead, but it’s definitely taking a nap.