Populism and Nationalism vs. Globalisation

We are living in a world where globalisation and cosmopolitanism are the greatest. However, there has been surprising advancement of right-wing populist and nationalist parties such as the increased parliamentary representation of Marine Le Pen’s Front National. The election of Donald Trump and Brexit are similar phenomena. These clear manifestations of social exclusion within the western world prove that immigrants and local residents are not living in harmony and that this dichotomy is threatening our democracy. In order to better respond to the threat, we must clearly understand the reason behind the recent insurgence of populism.

“Make America Great Again” is a campaign slogan used by Donald Trump during his 2016 presidential campaign. I’ve always wondered what specifically President Trump and his supporters want to “make great again”. Since the supporters disfavour immigrants inflow, does this mean bringing back racial segregation and restoring complete white supremacy? What exactly are his concerns about the immigration? According to research provided by the CATO Institute, Americans feel alienated from their own government and community and feel that they are blocked from resources and opportunities. The CATO Institute further argued that immigrants are usually the target for blame for the alienation because their cultural unfamiliarity gives a sense of negativity which distorts perception of reality.

With the help of the right wing who sees this social chasm as an opportunity to further their political interest, many Americans and Westerners claim that they are discriminated against in favour of immigrants and minorities and that they are being treated unfairly. However, their claims of experiencing “reverse racism” are in fact very misleading and are becoming a huge hindrance when dealing with reality. Then what is the reality? What forced people into this alienation even from ones’ own country?

The answer is financialisation, and the shareholder value model.  As financial capitalism develops more and more, corporate business structure, governance, and strategies have been transformed to maximise shareholders’ profits regardless of social costs. The problem is that when the debt-to-equity ratio is increasing, there is less money available for the real economy. Inevitably, real income for all households in America decreased whereas corporate profits increased tremendously.  The feelings of alienation Americans and westerners are experiencing are real, but the causes are not from the immigrants, but from the careless advancement of capitalism.

Globalisation definitely has increased the wealth of every nation, but a fair spread of wealth allocation was not realised, unfortunately. Stagnating middle-class income and increasing income inequality are causing social unrest giving rise to nationalism, protectionism, racism and you name it. Therefore, to protect our value of democracy and promote social tranquillity, we must seek to modify economic structures altogether rather than focusing on the advantage of one social group. Although Clinton’s “Stronger Together” lost the battle against Trump’s “Make America Great Again”, we must promote social inclusivity and make globalisation great for everyone.