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Globalization is a protected "thing" by the US military. The very design of the US military, especially the navy, has clearly indicated the US military will no
by incomingpain 3y ago
Globalization is a protected "thing" by the US military.
The very design of the US military, especially the navy, has clearly indicated the US military will not be protecting this much longer. For China to continue shipping their junk to north america will take a huge increase in their naval power.
OP's graphs show clear stagnation since ~2009.
When Obama did his affordable care act, he found the USA was extremely dependent on Chinese pharma. He set the deglobalization trend going. Trump accelerated this into a trade war and Biden turned it into a cold war.
Where we are at now is that globalism is done; but the logistics systems aren't sure what to do. Container shipping is super cheap but the insurance and fuel costs are sky high so they are struggling to be profitable.