Matthieu Creson on Globalisation: A Comment
By Duncan Whitmore
In a recent essay posted on this blog, Matthieu Creson decried the apparent retreat from globalisation in the wake of COVID-19 and “the withdrawal of countries into themselves”, risking the loss of “what has been for more than half a century one of the main growth drivers” in rich countries and poor countries alike. While Creson is right to be concerned by the possible return of protectionism and economic isolationism, his monolithic conception of globalisation is unlikely to prove helpful when defending its beneficial elements.
Creson is more than keen to explain to us what these beneficial elements of globalisation are:
Extreme poverty affected more than a third of the world’s population in 1990; today it only concerns 10% of this same population, even though the world has seen in the meantime an increase in population of 2 billion human beings. What is more, there has been a drop in infant mortality of more than 50% […] Every day, and in spite of the increase in world population, 140,000 people are able to escape from extreme poverty.
He does not, however, detail specifically the precise qualities of globalisation that produce these marvellous results. Quite a few times, Creson complains that problems caused by the state and statism, such as environmental disasters, are blamed for being “intrinsically linked to globalized capitalism alone”, and that “whenever a world crisis breaks out, they always blame it on globalized liberal capitalism, which they see as moribund”:
Globalization has always functioned as a convenient scapegoat, which saves us from having to acknowledge the (often statist) origins of the evils for which we make globalization unduly responsible.
But he offers no reason as to why academics, pundits and commentators are seemingly able to get away with this blame game so easily when, as he rightly recognises, it is usually states that cause these problems whereas the kinds of economic progress brought about by globalisation can and should ameliorate them. Read more