Harold James warns that we may be sleepwalking towards world war

Thursday, Feb 23, 2017
by vrosenth

In an interview with Sky News, Harold James, Princeton Professor and JRCPPF affiliate, argued that the apparent collapse in support for globalisation could prefigure armed conflict. He said that the election of Donald Trump and the result of last year's referendum suggest the world's appetite for globalisation is collapsing - something that often prefigures more conflict.

In the wake of the financial crisis in 2008, James warned of the potential for a sharp swing in public opinion away from open markets, borders and trade and towards protectionism, as happened in the 1930s and on previous occasions.

He said that the election of Mr Trump, who has pledged to raise tariffs and, if necessary, fight a trade war, suggested that what he feared is now taking place.

"We're swinging back again from an era when everyone thought globalisation was inevitable, to a period when people think there's really a big problem with globalisation," he said.

"And more and more governments, but also political movements, commentators, people on the street are thinking that globalisation just isn't working." To read the Sky article click here.