Globalization is a hated word, particularly in America. What is globalization, and why do some believe that its time has passed? If it’s failing, what or who is to blame? — Many believe that liberals love the idea of globalization, as do business, industry, and governments. It’s now 2023, and by all accounts, there are reasons to question the move to globalization and whether it’s alive or toe-tagged dead. First, we need to understand globalization and how it affects our lives.