The lead of The Economist «Goodbye globalization» (16.5) suggested that a more self-governing nationalism is neither financially better nor safer. And as Agamben recalls: With the national shutdowns, life’s content and relationships are as important as mere survival – what the Italian philosopher calls pure biological life.
First, it must be said that the most important thing has been to save lives – with the measures taken meant to prevent the spread of infection. But the consequences of the closure are, at the same time, enormous. Isolationism is also not new, as the United States has shown in recent years. And with the tariff-trapped trade war with China, globalisation is on its way down. A «slowbalisation» appears, where international commodity exchange falls by around 30 percent. When figures are to finally be tallied, this year a decline in the gross domestic product of 10–15 percent is expected in several western countries due to the corona crisis. This is about twice as much as the previous financial crisis of 2007–09.
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