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  3. Asia's Transformation
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  • Publisher:
    ISEAS–Yusof Ishak Institute
    Publication date:
    17 December 2021
    01 August 2021
    ISBN:
    9789814881234
    9789814881227
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    • Subjects:
    Organisational Sociology, Sociology
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    Subjects:
    Organisational Sociology, Sociology
    ISEAS-Yusof Ishak Institute
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    Book description

    Moeller's book The Veil of Circumstance, published in 2016, discussed the impact of technology, dehumanization and values on politics and economics. In this book, he takes the analysis one step further. The cocktail of capitalism, globalization and technology has turned toxic, causing disruptions and cracks in the global economy and societal structures. Economic globalization is being replaced by a mixture of globalization, regionalization and economic nationalism. Neither the United States nor China will in the mid-2030s possess the strength to be a global leader. Power will mainly rotate around a regional axis instead of globally. The existing political systems and institutions governing the global system see their primogeniture challenged. Social networks open the door to communication for literally everybody; while they link the world to a degree never seen before, they also divide people according to cultural norms and values. The large data companies possess enormous power that threatens both national governments and the global political and economic infrastructure.

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