Business A.M
No Result
View All Result
Friday, February 27, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Project Syndicate by business a.m.

The Case for Universalism in a Fragmenting World

by PROJECT SYNDICATE
January 7, 2026
in Project Syndicate by business a.m.
Kaushik Basu

NEW YORK – At the cusp of a new year, the global outlook appears increasingly grim. Escalating conflicts and resurgent authoritarianism are undermining domestic and international institutions alike, while rising wealth inequality is deepening economic insecurity and eroding social cohesion.


Perhaps the most dispiriting development is the growing hatred of the “other.” In country after country, political leaders increasingly dehumanize migrants and refugees, casting people fleeing poverty, persecution, and conflict as a mortal threat.
Such rhetoric brings to mind W. H. Auden’s “Refugee Blues.” Written on the eve of World War II – a period when refugees were similarly blamed for economic insecurity and social decline – the poem depicts a speaker at a public meeting who warns, “If we let them in, they will steal our daily bread.”


The rise of xenophobic populism is not occurring in a vacuum. It is at least partly driven by a profound structural shift that is often overlooked by social scientists who assume the inevitability of the nation-state.


It is easy to forget that the nation-state is a relatively recent idea that emerged when travel was slow and limited. At the time, it made sense to imagine the world as a collection of communities, each responsible for the welfare of its own members. Governing these units effectively required the cultivation of a shared identity, and nationalism emerged to fill that role.


But globalization has put this arrangement under growing strain, as the freer movement of goods, money, information, and people – together with the digital revolution – enables firms, workers, and consumers to connect across borders. Paradoxically, it is precisely that fragility that is fueling the current wave of hyper-nationalism, which represents a rear-guard effort to revive a model the world has outgrown.


We have seen this before. Claims of racial superiority were once considered normal but now provoke widespread revulsion. While it remains common for people to declare their countries the greatest on earth, assertions of national primacy will, in time, come to sound just as crude and indefensible.


The contours of this shift were already visible decades ago. In his 1992 book The Twilight of Sovereignty, former Citigroup chairman Walter Wriston predicted that national governments would gradually lose relevance. Our collective fate, he observed, increasingly rests with those who “interconnect the planet with telecommunications and computers” and the bankers who move capital across a “new global electronic infrastructure.”


Just as the rejection of slavery and racial supremacy was essential to building a more just world, so, too, may shedding the hubris of nationalism. This view is central to the work of the late philosopher John Rawls, who argued that a fair society must be designed from behind a “veil of ignorance,” setting aside accidents of birth like ethnicity, gender, and nationality that would otherwise shape moral judgments.


The moral case for universalism is not the sole preserve of academic philosophers. Indian poet Rabindranath Tagore, who won the Nobel Prize for Literature in 1913, repeatedly imagined a world free of borders. In a 1917 essay, he argued that while the nation-state remained a practical necessity, we must ultimately aspire to a day when our primary identity would be simply human. India’s first Prime Minister, Jawaharlal Nehru, recognizing the force of that vision, wrote that “nationalism is a narrowing creed” and credited Tagore with pushing his compatriots to reject its intellectual constraints.


But even if we accept the moral case for universalism and recognize how deeply interconnected the global economy has become, the question remains: Is a borderless world feasible? After all, nationalism has often provided a powerful incentive to strive and excel, thereby helping to drive growth and innovation.


Here, the Greek Stoic philosopher Chrysippus of Soli offers a useful perspective. Writing in the third century BC, Chrysippus lived a life of legendary simplicity and often turned to competitive sports as a metaphor for a moral life. As American philosopher Tad Brennan puts it, he advocated a “no shoving” ethic, according to which competitors should strive to win, but only within the rules of the game. Under such conditions, competition can coexist with friendship, cooperation, and shared purpose.


To be sure, a truly borderless world remains a distant dream. For now, what we can do is strengthen existing supranational organizations, including the United Nations, the Bretton Woods institutions, and the International Criminal Court. At a time when nationalism is once again weakening the foundations of international cooperation, their resilience is of critical importance.


As a new year begins, we must nurture aspirations for a world in which no one is treated as “other,” and refugees and migrants are not dehumanized as the ones stealing our bread. Universalism is a dream, but not an impossible one.

Kaushik Basu

Kaushik Basu, a former chief economist of the World Bank and chief economic adviser to the Government of India, is Professor of Economics at Cornell University and a non-resident senior fellow at the Brookings Institution.

PROJECT SYNDICATE
PROJECT SYNDICATE
Previous Post

Beyond fuel price war: Palliatives and the path to economic prosperity

Next Post

You must again set forth at dawn

Next Post
TUNDE OYEDOYIN

You must again set forth at dawn

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

BUA takes Nigeria’s agro-industrial ambition to global stage

BUA takes Nigeria’s agro-industrial ambition to global stage

February 27, 2026
IIF drives transition from gender advocacy to financial market implementation

IIF drives transition from gender advocacy to financial market implementation

February 27, 2026
FAAN unfolds details of N712.3bn upgrade plan for world-class MMIA 

MMIA fire: Ganduje laments equipment loss, lauds FAAN’s temporary terminal

February 26, 2026
M-KOPA reports 77% income utilisation rate from smartphone financing

M-KOPA reports 77% income utilisation rate from smartphone financing

February 26, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

BUA takes Nigeria’s agro-industrial ambition to global stage

BUA takes Nigeria’s agro-industrial ambition to global stage

February 27, 2026
IIF drives transition from gender advocacy to financial market implementation

IIF drives transition from gender advocacy to financial market implementation

February 27, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M