On January 20 local time, U.S. Commerce Secretary Rutenberg delivered a speech at the World Economic Forum held in Davos, Switzerland, saying:
"Globalization has let down the West and the United States of America. It is a failed policy, which is precisely the concept long advocated by the World Economic Forum."
The Davos Forum's "Global Risks Report 2026" has pointed out that "geoeconomic confrontation" is one of the most serious risks today. Rutenberg's remarks can be seen as an embodiment of this confrontational thinking at the policy level.
Rutenberg's use of the phrase "globalization has let down the West" reflects a microcosm of the severe challenges currently facing globalization. Behind this is the U.S. practice of unilateralism, deep divisions within the alliance system, and long-term reflection on the unfair distribution of economic benefits from globalization.
Original article: toutiao.com/article/1854896735757324/
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