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There are many potential futures in front of us, but my gut says this explanation (or something similar) is closer to what's happening here. Not wagering on it,
by lordfrito 4y ago
There are many potential futures in front of us, but my gut says this explanation (or something similar) is closer to what's happening here. Not wagering on it, but paying close attention.
Globalization isn't going to die, but will for sure contract for a while. Not sure this is the final roadbump in the overall process, but it's a big one. Not even sure it's the end of globalization, it may simply be an economic crossroads between an ambitious China, an opportunistic Russia, and the existing (western liberal) world order.
As you said, a few countries are rocking the boat and we either all learn to play well together, or the west will take it's economic "ball" and go home. I don't believe any developed nation is so short sighted as to cut off it's own nose to spite the west's face. The west has resolve on this as the lessons of WWII still resonate with us.
There is a potential future in front of us where globalization collapses due to widescale political instability brought about by climate change. But I don't see that happening just yet.