The End of Globalisation?
- Thread starter oil&gas
- Start date
Why do half of your thread headlines begin with the phrase:
"The End of <insert your chosen epic planetary paradigm shift of the moment here>"
And the other half begin with the phrase:
"The Start of <insert your other chosen epic planetary paradigm shift of the moment here>
"The End of <insert your chosen epic planetary paradigm shift of the moment here>"
And the other half begin with the phrase:
"The Start of <insert your other chosen epic planetary paradigm shift of the moment here>
Did Globalization even start? I guess I missed that one.....does that even matter? Where's the salt?
We really don't know what a "crisis" is, right?
Ask those over 90 who fought in WWII what a "crisis" is. I am sure it will be something other than "mild inflation".....
Calm down.....and stop trying to panic everyone. It's stupid.....
Crisis has different meaning to everyone. I suspect a lot of
those going on strike in the UK do think they are in the midst
of a crisis. Greta Thunberg and her teen followers are convinced
the world is facing a climate crisis which comes as no surprise.
But even adult climate sheeple could also cry climate crisis while
driving their gas guzzlers.
Seriously, if living standard in the UK continue sliding off
from where it was before Brexit they will be in deep shit
sooner or later.
those going on strike in the UK do think they are in the midst
of a crisis. Greta Thunberg and her teen followers are convinced
the world is facing a climate crisis which comes as no surprise.
But even adult climate sheeple could also cry climate crisis while
driving their gas guzzlers.
Seriously, if living standard in the UK continue sliding off
from where it was before Brexit they will be in deep shit
sooner or later.
Exactly, the world is packed with chicken littles it seems. Go to Ukraine or Sri Lanka and see what a real crisis looks like.
I will point out that the situation in the UK, thanks to Brexit, is a rejection of globalization. They pulled out of an international treaty that gave them open markets and cut red tape....and now the economy is nearly 6% smaller and costs them something like £100B per year in lost output since 2020 (according to Bloomberg).
Basically, our economy is tied to the global one. Our largest trading partner is the US, but we're increasing trade with Europe and Asia....which will benefit us in the longterm. Ending globalization will hurt the economy significantly.
Basically, our economy is tied to the global one. Our largest trading partner is the US, but we're increasing trade with Europe and Asia....which will benefit us in the longterm. Ending globalization will hurt the economy significantly.
Globalisation is here to stay, but I think the supply chain woes caused by Covid are going to cause a large-scale re-think of what the future of globalisation will look like. I don't think companies are going to ever be willing to rely 100% on global supply chains and will re-shift to keep x% local to prevent a large-scale shutdown of operations.
I think that is politician talk. In reality industries will do everything to pocket the most $ as possible and if that means relying 100% on globalization... They will still do it. They need to keep their yacht running.
The real people managing big corporation, billionaires, the Blackrock or Blackstone of this world do not give a fuck about the planet, poverty, inequalities. They have profit to reach and that's it. And we, as stupid as we are, we idolize these greedy pricks.
Wall street firm have already started big pieces of land all over the US. Area where water is still available...
Globalization empowered China(yes I know, it was also to the benefit of everyone else as well) but instead of showing appreciation and coming 'into the fold' like Japan and all the former Eastern Block counties did(all of whom were at one point antagonistic towards the US/west), they choose to spit in our collective faces and commit themselves further towards a political ideology that is antagonistic to the West. I mean for fucks sakes the US dropped nuke(s) on Japan and yet they don't hold that against the US, but China still whines like a little bitch about stuff that happened centuries ago 
It's clear by their large scale military buildup that they are positioning themselves to be diametrically opposed to us.
Thus, considering we are now entering into Cold War version 2.0 there's little choice to be had at this point - globization inclusive to all countries Must End. It's also clear the powers that be in the West are keenly aware of this by the fact that we've pivoted to friend-shoring and we're working on creating fully independent supply chains within allied countries(ffs finally!). Yes there'll be some short term pain as the economy adjusts but full globization simply cannot continue as it clearly serves to empower our rivial(s). A rivial who need I remind you, desires nothing more than to see us weaken in all facets and become poorer by any means necessary.
It's clear by their large scale military buildup that they are positioning themselves to be diametrically opposed to us.Thus, considering we are now entering into Cold War version 2.0 there's little choice to be had at this point - globization inclusive to all countries Must End. It's also clear the powers that be in the West are keenly aware of this by the fact that we've pivoted to friend-shoring and we're working on creating fully independent supply chains within allied countries(ffs finally!). Yes there'll be some short term pain as the economy adjusts but full globization simply cannot continue as it clearly serves to empower our rivial(s). A rivial who need I remind you, desires nothing more than to see us weaken in all facets and become poorer by any means necessary.
The opposite of globalization is self-sufficiency, which is a recipe for poverty.
Self-sufficiency sounds like a good thing but it isn't at all, it weakens industries by protecting them, and prevents specialization and economies of scale.
Self-sufficiency sounds like a good thing but it isn't at all, it weakens industries by protecting them, and prevents specialization and economies of scale.
Globalization has existed on earth as long as man was trading. Once upon a time where the U.S. did not need China, but now that the U.S. is hooked on the crack cocaine of low cost consumer goods they will go into withdrawal symptoms if stop importing goods made in China. Trump's bull shit about MAGA ( Make America Great Again ) is a ploy to get votes. He can not bring jobs back to America because the American public does not want to pay $5 for their dollar store merchandise. or $5000 for an iPhone. Globalization is not only good for the world economy but it is also necessary to preserve world peace. The U.S. and Europe can not fight in Ukraine because to do so would bring on WWIII. The U.S. and Europe have sent billions to Ukraine in military aid. Globalization can not go away.
If the countries of the world returned to the protectionist world pre-1960s, consumer goods would sky rocket in price and you would be limited to goods made in country. Do you really want to go back to a time when the early 1990s Electrohome TV cost more than a imported big screen TV cost today?
If the countries of the world returned to the protectionist world pre-1960s, consumer goods would sky rocket in price and you would be limited to goods made in country. Do you really want to go back to a time when the early 1990s Electrohome TV cost more than a imported big screen TV cost today?
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Before WW1 piracy on the high sea’s…. Both from State, and scoundrel’s was very real. Shipping cost money. And taking a vessel usually paid off.
After WW2, the US tried something different. As the largest Navy left among nations, they would patrol the global shipping routes in exchange for being on there team against Communist USSR. This allowed Globalism to happen. Now any nation with resources was free to manufacture and trade.
Before that, you needed access to shipping routes, and needed food, coal, oil, and iron ore to be an empire. The Ottoman Empire thrived due to their geography, access shipping, and happened to be along shipping routes and could tax vessels passing through with cargo.
But the USSR fell. The US has retired hundreds of destroyers, and now is more focused on Super Carriers… they have 13. While still the strongest Navy by 10 fold, not nearly enough to police the oceans.
The US is nearly energy independent, and no longer has the political will to police the globe. They have access to resources. Access to shipping on both sides of the country… and a road network to transport good.
Places like South America, Africa, and even China are difficult to connect with road because of the mountains and plains.
Other nations that did assembling with cheap labour will collapse. Nations without access to shipping will fall. And nations that have to import energy and food will fair well.
Demographics show many countries with more older people than young… that does not help when you need a work force. China used to have a young population…. Now it’s aged. Not enough young people to continue cheap labour. Cost of labour has gone 7 fold in China. Mexico now has cheaper labour, and far more skilled at a third of the cost. Partnered with the US, they too will thrive.
Texas will boom because of location as jobs come back to the US. Shipping, and a high tech hub. Low taxes, and decent services. (Looking at you Houston).
Canada will ride the USA’s coat tails, providing high end tech… however, we will be competing with the US in that market. As long as we continue to emigrate a young work force away from other countries, we should be fine.
After WW2, the US tried something different. As the largest Navy left among nations, they would patrol the global shipping routes in exchange for being on there team against Communist USSR. This allowed Globalism to happen. Now any nation with resources was free to manufacture and trade.
Before that, you needed access to shipping routes, and needed food, coal, oil, and iron ore to be an empire. The Ottoman Empire thrived due to their geography, access shipping, and happened to be along shipping routes and could tax vessels passing through with cargo.
But the USSR fell. The US has retired hundreds of destroyers, and now is more focused on Super Carriers… they have 13. While still the strongest Navy by 10 fold, not nearly enough to police the oceans.
The US is nearly energy independent, and no longer has the political will to police the globe. They have access to resources. Access to shipping on both sides of the country… and a road network to transport good.
Places like South America, Africa, and even China are difficult to connect with road because of the mountains and plains.
Other nations that did assembling with cheap labour will collapse. Nations without access to shipping will fall. And nations that have to import energy and food will fair well.
Demographics show many countries with more older people than young… that does not help when you need a work force. China used to have a young population…. Now it’s aged. Not enough young people to continue cheap labour. Cost of labour has gone 7 fold in China. Mexico now has cheaper labour, and far more skilled at a third of the cost. Partnered with the US, they too will thrive.
Texas will boom because of location as jobs come back to the US. Shipping, and a high tech hub. Low taxes, and decent services. (Looking at you Houston).
Canada will ride the USA’s coat tails, providing high end tech… however, we will be competing with the US in that market. As long as we continue to emigrate a young work force away from other countries, we should be fine.
The early 1980s was the big turning point.
www.csis.org
Do Not Blame Trade for the Decline in Manufacturing Jobs
A new white paper from the CSIS Scholl Chair explores the reasons behind the decline in manufacturing jobs. What have been the impacts of trade and increased productivity? How might these trends impact the way we approach craft trade policy? Stephen Rose explores.
