This is the text of a speech delivered by Ian Bremmer on November 18 at the 2019 GZERO Summit in Tokyo.
China has made its decision. Beijing is building a separate system of Chinese technology—its own standards, infrastructure, and supply chains—to compete with the West.
Make no mistake: this is the single most consequential geopolitical decision taken in the last three decades. It’s also the greatest threat to globalization since the end of World War II.
It wasn’t supposed to be like this.
Globalization has lifted billions of people from poverty around the world. We now live longer, healthier, and more productive lives than ever before. We are better educated and better informed than at any time in history. There has never been a better place and a better time to be alive than right here, right now.
So why are so many people so angry, and why is globalization under unprecedented threat?
Why are citizens in country after country bitterly casting aside both governing and opposition parties in favor of political disruptors?
At this moment in history, why is there so much alarm?
Because this IS a moment of transformation, and uncertainty. In much of the world, the lightning-fast, cross-border flows of ideas, information, people, money, goods and services—the same forces that have created so much opportunity and prosperity—also generate fear.
Fear that the world now becomes more complicated and more dangerous in real time. Fear that the world we knew is gone for good, and fear that no one is willing and able to do anything about it.
I want to talk with you today about why all this is happening, and why it’s so vitally important that we’re having this conversation at this moment—and in the heart of this great country.
Japan is both blessed and burdened by its unique place in this G-Zero world. Japan has the political stability, the foresight, and the technological talent to help lead the world into a brighter future than the one we currently face. We all have reason to hope that Japan’s leaders, its companies, its political will, and its people will help lead the transition toward a new order, one in which human ingenuity, moral imagination, and courage can help all of us meet the challenges to come.
The Geopolitical Recession
Source:: Time – World