Thread by @scal_analysis

#ThomasFriedman wrote #lexusandtheolivetree more than 20 years ago. Here is a retrospective. #globalisation
medium.com/open-source-fu…

Its... a reflection of Hubris, of the United States as a hyperpower. Of globalisation starting to make itself felt. We live with the consequences today.

There was the idea that China's governance might converge to Western norms. Had examples of village elections at that time. Looking back it was possibly wishful thinking.

There was the notion that, global capital/financial markets will force transparency on companies and countries from doing bad things. Overestimate the ability for companies and countries to influence back.

We now experience the connectivity backlash. Efficient supply chains with no fat; supply chain instead becoming points of influence for sharp coercion sometimes.

Environment degradation continued. No "sustainable globalisation" at all.

Useful activity to look at these influential books in the past and to review how their ideas continued to shape conversations.

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