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A divorce is messy too, but sometimes necessary. The retreat from globalization is mostly caused by growing distrust of Western countries towards China and tru
by inglor_cz 4y ago
A divorce is messy too, but sometimes necessary.
The retreat from globalization is mostly caused by growing distrust of Western countries towards China and trust isn't a commodity. You can't do much business without at least some trust. Historically, this sort of necessary trust was strongest within certain religious or ethnic groups (Jews, Puritans, Armenians, Quakers). The willingness of the world at large to extend trust towards totally foreign nations in the 1990-2020 period is a historical anomaly.