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MICHAEL  POWER's avatar

I cannot help but see that a large part of this debate is a discussion about "the end of globalization BUT specifically from a Western perspective." Outside the core Western nations, there is little talk and no evidence of deglobalization. What the non-Western World is feeling is rather "reorientation" (pun intended). Perhaps what is happening as the global centre of economic gravity https://www.economist.com/graphic-detail/2012/06/28/the-worlds-shifting-centre-of-gravity

moves inexorably back to from whence it came, global trade routes are "reorienting" back to Asia (q.v. the patterns of the 16th Century) and the West is experiencing the withdrawal symptoms that come from being no longer being the centre of global trade patterns. BTW, a giveaway in this debate in the West is the liberal use of the pronoun "we". The "We" world is being supplanted by a world that embraces much more than just the West.

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david roberts's avatar

A key aspect of the current situation is the U.S. stance that China poses a military threat significant enough for the U.S. to engage in economic warfare against China. That stance, if it continues unabated, is self-fulfilling. And indeed will be a prime if not primary contributor to a "polycrisis."

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