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> if there is de-globalization There will not be de-globalization without a devastating WWIII and the US might as well take what financing they can get before
by henryfjordan 4y ago
> if there is de-globalization
There will not be de-globalization without a devastating WWIII and the US might as well take what financing they can get before then because afterwards it will be meaningless.
- PKop 4y ago"some degree of it". Trade wars, repatriation of manufacturing, and questioning extended supply lines due to geopolitical factors are all signs of this trend. Not a complete mass isolationism of course. Perhaps also a better frame is some degree of shift away from extreme uni-polarity towards more multi-polarity, a shift that would have similar effects even if it wasn't an absolute shift. Europe severing energy ties to Russia, regulating US tech cos, West sanctioning Chinese 5G and chip producers, confiscating Euro/Dollar reserves, China, Russia and Japan years ago stopping increasing their holdings of US debt and recently selling them, Europe re-assessing the belief they could have such extreme dependence on US military for security and Russia for energy....all signs of some degree of de-globalization (towards more autarky) >a devastating WWIII I don't think it necessarily requires a devastating war, but some war is not that unlikely (we already have it.)