Globalization is a big word. It will only die in a meaningful sense if we undergo socioeconomic collapse of unprecedented magnitude (which is certainly within t

Globalization is a big word. It will only die in a meaningful sense if we undergo socioeconomic collapse of unprecedented magnitude (which is certainly within the realm of the possible but hopefully not the likely scenario). What is dead (or at least being hastily patched) is a particular form of aggressive labor cost arbitrage, primarily between the US / Western Europe and East Asia economies. That monetary optimization was premised on the absence of geopolitical risk. Ignoring or socializing all sorts of risks and externalities has been the modus vivendi and key source of "profitability" for the entire system for a very long time. The term permacrisis is simply a reflection of these long-tail risks eventually reasserting themselves. We are likely to see some re-localization which will hopefully increase resilience. But emissions and viruses know no political borders. The destiny of our species is to be globalized (colonize every nook and cranny of the planet) and the sooner we can achieve this in a peaceful, sustainable, equitable manner, the less wasted life, the less damage to ourselves and the planet.