[2018] It’s A Problem That America Is Still Unable To Admit It Will Become #2 To China

So why is there a perception that globalization has failed? The simple answer is that Western elites who enjoyed the fruits of globalization did not share them with their Western masses. Even worse, they did not prepare their populations for the disruptive change caused by the spread of globalization. In a forthcoming book, I explain how Trump and Brexit are the result of this failure. In it, I write:

Instead of reacting thoughtfully and intelligently [to the 9/11 attack in 2001], the prevailing intellectual hubris led to the disastrous decision to invade Iraq. America has the world’s best universities and think tanks, as well as the most globally influential professors and pundits. Yet none of them told their fellow citizens that the most important event in 2001 was not 9/11. It was China’s entry into the World Trade Organization. The entry of almost a billion workers into the global trading system would obviously result in massive ‘creative destruction’ and the loss of many jobs in the West.

This, to cut a long story short, was one major reason why Trump and Brexit happened 15 years later in 2016. The working-class populations could feel directly what their elites couldn’t feel. Their lives were being disrupted by fundamental changes taking place in the world order, and their leaders had done nothing to explain to them what was happening or to mitigate the damage.
— Read on www.huffpost.com/entry/trump-america-first-china-asia_b_5919fed0e4b0809be15727f5

Researching.