The Limits of Economics: Globalization - From a Cornucopia to a Goblet of Poison?

Abstract

After the coronavirus crisis, a so-called Reconstruction Program of the European Union was adopted, initiated by French President Macron and German Chancellor Merkel. It is intended to counteract the far-reaching consequences of the extensive economic and social isolation in the face of COVID-19. However, Corona has undoubtedly been and will continue to be a catalyst that accelerates the inevitable transformation of what we call modern global and universal civilization, whether within the borders of the Eurasian area or beyond. The article examines why, in general, investments in global climate protection or in programs for the comprehensive digitalization of the planet, which is also the aim of the reconstruction program of the EU, will not eliminate the obvious structural distortions in the Eurasian economy caused by the acting individuals of the first two decades of the 21st century.