Martin Harry Wolf CBE, the chief economics commentator at Financial Times, seems to have been entrusted with the thankless task of defending the indefensible collapsing globalist world order—in the face of twin attacks from China and the Global South’s anti-colonial alternative system, and President Trump’s buckshot attacks on “liberal globalism.” Wolf’s reasoned conclusion: “A pox on both your houses.”
In his latest Financial Times lament, headlined “The Old Global Economic Order Is Dead,” Wolf asks: “How should outsiders want the trade war between the U.S. and China to end? They should want both to lose.”