The Collapse of Global Liberalism

In the 1990s, a vision emerged of a frictionless world of globalization in which the West would become ever richer on the basis of a tech-based service economy, all underpinned by a rules-based liberal international order. It became the basis for the mainstream politics of centre-left and right. Philip Pilkington argues that this vision was always delusional and is now dying. It is based on a doctrinaire and unrealistic form of liberalism and has given rise to hollowed-out financialised economie