De-Globalization vs. De-Nationification: Which Trend Wins?

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 8 July 2021

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today on “The Breakdown,” NLW explores what he calls “the shifting tectonic plates of the global social order.” On one side, he argues, are the forces of de-globalization, with nations turning inward and focusing on economic sovereignty. Part of that is states exerting more control over corporations and Big Tech. On the other is a process of de-nationification, where powers previously reserved for states – such as printing money – are increasingly in the hands of new internet-based networks and corporations. This shapes the larger context of crypto disruption and puts a lens on understanding the growing regulatory debate. -- Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW The Breakdown is sponsored by NYDIG and produced and distributed by CoinDesk.com

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:16.2	The breakdown is sponsored by Nidig and produced and distributed by CoinDes.
0:22.6	What's going on, guys? It is Wednesday, July 7th.
0:26.5	As I say at the beginning of every show, the breakdown is about the big picture power shifts
0:31.6	remaking our world. I've been reflecting across some of the news stories I've covered
0:36.4	and wanted to address over the last few days
0:38.5	and found a curious tension in the underlying trends I think they represent.
0:44.3	In many ways, these stories of Binance, of China, of big tech,
0:49.7	show two separate forces that are both exerting themselves on the global landscape and competing to
0:55.4	shape the future. Those forces are, one, a de-globalization and retreat from an integrated
1:01.6	global economic and political system, and two, a denationalization, or maybe better put, a de-emphasis
1:09.1	on the nation-state as the locus of global power.
1:12.3	It's fascinating and probably not accidental that these two trends are happening in parallel,
1:17.5	and I think in many ways they represent the tectonic plates of global social order.
1:22.4	Let's discuss de-globalization first.
1:25.5	Globalization as a force arguably precedes the modern state. Take, for example,
1:30.7	Columbus's voyage to the New World. He was a Genoese merchant who used connections with other
1:35.7	Genoese to win royal backing for his expeditions. The most famous, of course, came in 1492,
1:42.3	and that particular trip was backed by Queen Isabella and King Ferdinand
1:46.0	of, well, not Spain exactly, but the newly combined, thanks to their marriage, kingdoms of
1:51.0	Aragon and Castile. It was the global connections of the Proto-Italiant Merchant Network
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.