Upside down: America’s war on globalization? — RT Op-Edge

Upside down: America’s war on globalization? — RT Op-Edge

Who would have thought a unitary superpower on Earth would accelerate a return to regionalism in place of globalization?

For all those who deem ‘Financial Innovation’ to be an
oxymoron, that brilliant invention the credit card springs to
mind. It probably would never have made sense to a focus group,
but from humble beginnings as a monthly account with the Diners
Club enabling restaurateurs to welcome guests cashlessly, it is
difficult nowadays to envisage life without MasterCard or Visa.

Being empowered to shop around the world thanks to a bit of
embossed plastic is a cornerstone of modern globalization for
travellers and online shoppers alike. Frustrated by the Crimean
referendum, President Obama imposed sanctions against Russian
financial institutions in an effort to squeeze Russia out of the
global market, forcing US card services halt some of their
operations in Russia.