According to the latest data released by the World Trade Organization, from the middle of 20 17 10 to the middle of May 20 18, WTO members adopted as many as 75 trade restrictions, with an average of 1 1 added each month.
This shows that the original relatively stable economic cooperation began to be broken, the pattern of global trade conflicts gradually spread, and the principle of "market priority" advocated by neoliberalism was challenged.
2. The democratic system centered on individual freedom has been impacted.
The "Populism Index of Developed Countries" published by Bridgewater Associates, one of the largest hedge funds in the world, shows that the domestic political conflict index of major developed countries in the west is at the highest point since World War II, and extreme political forces have performed well in the elections of western capitalist countries, and even the votes of far-right and far-left parties have increased significantly in many countries.
3. The pluralistic and inclusive social value system is gradually weakening.
Immigrants and refugee flows have shaken the political balance of the EU, intensified social division in Europe, and even caused the risk of re-polarization between East and West in Europe.
The social crisis caused by European immigration shows that the value concept of pluralism and tolerance advocated by the original neo-liberalism is gradually declining, and populism and political polarization are on the rise. In fact, European and American countries can absorb and accept foreign immigrants, which can make up for their labor shortage and stimulate their economic growth.
4. The global governance model based on multilateralism is challenged.
20181216,550 angry Europeans protested and marched in Brussels, the EU headquarters, and refused to sign the global immigration agreement. The United States, Australia, Hungary, Poland and other countries decided to withdraw from the agreement.
In fact, this is because in the current globalization process, capital elements such as labor and commodities have achieved global mobility and allocation, and the influx of immigrants has caused a huge impact on the nation-state standard.
The financial policy pursued by capitalism has caused damage to public institutions.
In the past ten years, many countries have been pursuing tight fiscal policies, which has led to the destruction of public institutions, which is exactly what we need to deal with a crisis like COVID-19.
Since 20 15 years, Britain has cut the public health budget of 10 billion pounds, reducing the long-term investment in public health. In the United States, the Trump administration has been reducing its financial support for the US Centers for Disease Control and Prevention and other important medical institutions, which makes the public health system without sufficient financial support into embarrassment and burden.