Here's the thing about globalisation in decline: when governments start handing out special favors and protection to certain players, they're basically creating economic rents. And once rents enter the system, they corrupt the whole market mechanism. The winners aren't the most innovative or efficient anymore—they're the ones with best connections. That's when innovation stalls, competition weakens, and countries start losing their edge. Businesses stop hustling. Citizens lose the drive to build something real. It's a slow spiral downward, and honestly, it's the exact opposite of how open, meritocratic markets should function.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
AirdropBuffetvip
· 9h ago
ngl That's why some projects raise the most funds during a bear market... It all comes down to productivity.
View OriginalReply0
BlockDetectivevip
· 9h ago
Honestly, that's why I am so optimistic about Web3... The traditional financial system has long been messed up by vested interests, and the retreat of globalization is only accelerating this process. In contrast, the transparent mechanisms on the blockchain can actually save the day.
View OriginalReply0
TokenEconomistvip
· 9h ago
actually this is just rent-seeking theory dressed up as macro commentary. the real problem? misaligned incentives baked into the protocol itself—whether we're talking governments or defi
Reply0
metaverse_hermitvip
· 9h ago
NGL, this is the true portrayal of crony capitalism—those connected get the meat while we drink the soup...
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)