The Three Globalizations | Episode 17 | Everything is Everything

Humanity should not be divided. Globalization is a powerful force for good. But it is has ebbed and flowed. Are we retreating to a more insular world -- or does globalization continue, but in a modified form? Welcome to Episode 17 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah. In this episode, Ajay talks about the first two waves of globalisation -- and then explains the term he has coined, 'The Third Globalization.' We still live in a globalised world, he explains -- but with caveats based on economic statecraft. (And yes, he explains what that is!) Amit explains why we should not worry about trade deficits, and why we should celebrate babysitters. Amit then recommends "the greatest podcast of all time,' and Ajay talks about a book that left him transfixed in an Irani cafe. If you enjoy watching Everything is Everything, please like, please subscribe, please share, please comment! TABLE OF CONTENTS: 00:00 Teaser and packaging 00:58 Introduction: Friendship and Evolution 05:17 Chapter 1: The Expanding Circle 10:28 Chapter 2: What is Globalization? 16:17 Chapter 3: The First Globalization 32:44 Chapter 4: The Second Globalization 38:09 Chapter 5: The Third Globalization 58:46 Chapter 6: Bravo, Babysitters! 1:02:02 Chapter 7: Recommendations USEFUL RESOURCES: 1. Amit on Twitter:   / amitvarma   2. Ajay on Twitter:   / ajay_shah   3. The Seen and the Unseen -- Amit's audio podcast: https://seenunseen.in/ (Also on all podcast apps. And YouTube, though less than 1% of listens come from here: https://www.youtube.com/@TheSeenAndTh...) 4. Ajay's organisation, XKDR Forum, on YouTube:    / @xkdr   5. In Service of the Republic -- Vijay Kelkar and Ajay Shah: https://amzn.eu/d/hwGILb3 6. The Art of Clear Writing -- Amit's writing course: https://indiauncut.com/clear-writing/ 7. Why Freedom Matters -- Episode 10 of Everything is Everything:    • Why Freedom Matters | Episode 10 | Everyth...   8. Dawn of the third globalisation? -- Ajay Shah: https://www.mayin.org/ajayshah/MEDIA/... 9. An Indian view on dollar domination -- Ajay Shah: https://www.mayin.org/ajayshah/MEDIA/... 10. Cross-border activities in India need more freedom, not less -- Pratik Datta and Ajay Shah: https://www.mayin.org/ajayshah/MEDIA/... 11. The importance of services exports -- Ajay Shah: https://tinyurl.com/4hrmvvc2 12. The industry structure of India's large firms: IT is the biggest industry -- Ajay Shah: https://tinyurl.com/2nrpdyvz 13. Dunbar's Number: https://en.wikipedia.org/wiki/Dunbar%... 14. How Many Friends Does One Person Need? -- Robin Dunbar: https://amzn.eu/d/dPnkcBJ 15. History of European Morals -- WEH Lecky: https://amzn.eu/d/3xapvbH 16. The Expanding Circle -- Peter Singer: https://amzn.eu/d/gkcVzaH 17. An American Tail -- Don Bluth: https://tinyurl.com/y2sjbbea 18. When world leaders thought you shouldn’t need passports or visas -- Jo Adetunji: https://tinyurl.com/ms7dubyx 19. How Amul became utterly butterly delicious and salty -- Vikram Doctor: https://tinyurl.com/bdhrnm2y 20. Making it Less Random -- Lapham's Quarterly: https://www.laphamsquarterly.org/luck... 21. Range Rover -- The Archives of Amit Varma's poker column for Economic Times: https://indiauncut.com/category/range... 22. Unlikely is Inevitable -- Amit Varma: https://indiauncut.com/unlikely-is-in... 23. Comparative Advantage explained: https://www.econlib.org/library/Topic... 24. The Great Redistribution -- Amit Varma: https://indiauncut.com/the-great-redi... 25. The Incredible Insights of Bastiat and Hayek -- Episode 6 of Everything is Everything:    • The Incredible Insights of Bastiat and Hay...   26. The China Model is Broken -- Episode 16 of Everything is Everything:    • The China Model is Broken | Episode 16 | E...   27. ‘Stop the war.’ 44 Top Russian Players Publish Open Letter To Putin — Sam Copeland: https://tinyurl.com/zyf58jpa 28. A trade deficit with a babysitter -- Tim Harford: https://timharford.com/2005/12/a-trad... 29. How I Reversed My Type 2 Diabetes -- Episode 9 of Everything is Everything:    • How I Reversed My Type 2 Diabetes | Episod...   30. Public Opinion -- Walter Lippmann: https://amzn.eu/d/0QFf24G 31. Hardcore History -- Dan Carlin: https://www.dancarlin.com/ 32. Supernova in the East: https://tinyurl.com/bds7xb8k 33. Blueprint for Armageddon: https://tinyurl.com/2m97ywrt 34. Seizing the Enigma -- David Kahn: https://amzn.eu/d/a47Gpy6 Produced by Amit Varma and Ajay Shah Shot by Vartika Singh:    / @vartikasingh7   Edited by Nomsita MS Haritashya:   / nomsitaharitashya   Thanks to Gaurav Chintamani for helping with sound:   / gaurav_chintamani   Chapter images & additional illustrations by Simahina:   / i_am_simahina