Is globalisation finished?
The election of Donald Trump as president of the United States crystallised fears among sections of the financial elite that the world economy was beginning to spin towards a new era of protectionism. During his campaign Trump used rhetoric that echoed right-wing populist parties elsewhere in the developed world. In its most virulent form, trade protectionism was conjoined with anti-immigrant discourse aimed at Mexicans and other Latinos “south of the border”. The message was designed to appeal to workers disaffected and distanced from the neoliberal elite whose free trade policies had supposedly caused job losses as employers sought cheaper labour abroad. The message worked for Trump, as the Democrats had no place to hide from the suggestion that they were to blame.