The Dream and the Nightmare of Globalization

Victor Davis Hanson // American Greatness

After World War II, only the United States possessed the capital, the military, freedom, and the international good will to arrest the spread of global Stalinism. To save the fragile postwar West, America was soon willing to rebuild and rearm war-torn former democracies. Over seven decades, it intervened in proxy wars against Soviet and Chinese clients, and radical rogue regimes. It accepted asymmetrical and unfavorable trade as the price of leading and saving the West. America became the sole patron for dozens of needy clients—with no time limit on such asymmetry.

Yet what would become the globalized project was predicated on lots of flawed, but unquestioned assumptions:

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