I would try to avoid such binary narratives. I don't think globalization and growth are done, but they will almost certainly be very different going forward. In

I would try to avoid such binary narratives. I don't think globalization and growth are done, but they will almost certainly be very different going forward. In the case of the US, I think it's fair to say it will be a very long time before we have the level of globalized supply chains that we had at the end of 2019. I read this article earlier today which I thought provided some pretty insightful answers to this question: https://themarket.ch/interview/russell-napier-the-world-will-experience-a-capex-boom-ld.7606 https://themarket.ch/interview/russell-napier-the-world-will...