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Everything Changes, Nothing Changes

March 20, 2018 • GLOBAL ECONOMY, Capitalism in the 21st Century

By Graham Vanbergen

Just by looking at the everyday scenario across today’s industries, one can deduce how globalisation quite significantly changed things over the years. And, with the immense potential of globalisation in disrupting the status quo, we are presently confronted with the question “what lies ahead for us all in the next ten years”?

In my article, “The duel between big tech and big government,” I pointed out that the world was a very different place just five years ago. People were not discussing how big data would be the number one traded commodity in the world, that artificial intelligence and automation would threaten our way of life or that a small number of transnational corporations would be potentially reshaping global politics.

We have come to believe, mistakenly, that the rules based international order and post Cold-War calm would prevail. Globalisation was the answer – humanity would collaborate and prosper in mutually beneficial trade.

When we look back over the last one hundred years we see dramatic change every twenty years or so and right now, the world is in the middle of its next great change.

Much to our dismay, the opposite is materialising. When we look back over the last one hundred years we see dramatic change every twenty years or so and right now, the world is in the middle of its next great change.

One hundred years ago this March, the First World War was raging in Europe. Germany had realised that their only remaining chance of victory was to defeat the Allies in the “Spring Offensive”. By August over one million American troops joined the counter-offensive and by November the German empire had collapsed. The world declared “never again”. Yet twenty years later in 1938, Europe was on the cusp of being torn apart once again in the bloodiest fight humanity had ever witnessed. Japan was to be the only nation to experience a nuclear attack by America.

 
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Graham Vanbergen’business career culminated in a Board position in one of Britain’s largest property portfolio’s, owned by one of the biggest financial institutions in the world. Today he is founder and contributing editor of TruePublica.org.uk and director of the Equity Research Centre that focusses on Britain’s housing crisis.

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