Journal of Political Risk, Vol. 8, No. 5, May 2020
By William R. Hawkins
In the public mind, the outsourcing of jobs to China, which built the conveyer belt that carried Covid-19 from Wuhan to the world, was the fault of soulless transnational corporations. Greedy business tycoons were willing to deal with anyone in the pursuit of profit, regardless of larger consequences (of which the current pandemic is not the most dire). What cannot be overlooked, however, is that these private actors were given moral cover by intellectuals who assured them that they were fulfilling a higher purpose by spreading liberal values and promoting peace in a new era of globalization. As late as 2011, President Barack Obama could tell American and Chinese business leaders, meeting on the edge of his January summit with Chinese President Hu Jintao, that he depended on them to keep good relations between the two powers. This was in the wake of the military confrontations that had dominated the second half of 2010 after a North Korean submarine sank a South Korean warship. Major naval shows of force were conducted by the U.S., Japan, China, and Russia around the volatile peninsula. President Obama thought container ships could calm the waters.
Though the term globalization originated earlier, it became popular in the 1990’s during the post-Cold War euphoria that spawned hopes of a “new world order” devoted to economic development. The ideals of democracy and free enterprise promoted by the victorious United States would envelope the entire world and set humanity on a progressive course. The collapse of the Soviet Union and a wave of economic reforms in China seemed to confirm that the values of the West were becoming universal. The threat of large-scale conflict was no more. Yet, these sentiments were not new. They were rooted in the school of classical liberalism which had gained influence in another post-war era nearly two centuries earlier at the end of the decades-long conflicts of the French Revolution and Napoleon. Continue reading