I was reading the excellent article “Can Democracy Survive Globalization” by Benjamin Barber. It is an excellent paper, which I recommend. I share many of his concerns. Barber makes very clear the point that business, to survive needs and well articulated and functioning system of public governance. The best system we know so far, with all its pitfalls, is the democracy. Without a strong counter balance, business move, by its very natures, into the wild side. Barber put the example of the new Russian capitalism as an undesired example of where things can take us.
When business were essentially constrained to the jurisdiction of nation states, there was a balance and things, more or less worked. But now, globalization has screwed it all. There is a clear unbalance.
I with many others share this view and this is one of the reasons why advocate for nurturing a moral concern in managers. But, things move too quickly and this is probably not enough. So we need more. We need some strong and efficient multinational institutions that act as the counterpart of business.
Many of the voter pro-Brexit and pro-Trump were, in some intuitive way, probably feeling the risk of this imbalance and opted for an attempt to turn the clock back and move back to the “good old times”. But, they were wrong, there is no turning back. History evolves. Globalization will not go away, no matter Tramp or Brexit, and the decission made in the UK and the US will weakn our system of multilateral goverment. It is clear a decission that will make things worse, not better, at least for the majority of people in this planet.