I can definitely buy the argument that deglobalization is going to hit a lot of sectors that are increasingly viewed by domestic populations as 'critical' - thi

I can definitely buy the argument that deglobalization is going to hit a lot of sectors that are increasingly viewed by domestic populations as 'critical' - things like food, medicine, energy, metals, and even computer chips. The pandemic exposed the fragility of global supply chains, just-in-time-manufacturing, and awareness of the results of 40 years of full-on neoliberal globalization policy (see The Rust Belt flipping for Trump in 2016 as evidence of this trend). I think this is a very healthy development, because trade in goods is best thought of as a way for different countries to benefit from surplus production. There have been historical exceptions like the New World plantation economies set up to supply Europe with rum and sugar, Brazil's rubber plantations, resource extaction in the Congo, etc. but none of these resulted in what you'd call healthy economic development. China may have the goal of becoming 'the next American Empire' but a more rational view is that the Age of Empires is quickly drawing to a close and there won't be any inheritors of the crown at all.