3 Comments

Very interesting and well written! But re: the supposed shared prosperity brought by capital "G" Globalism, I genuinely believe that most all people in most all places in the world are less well off than they otherwise would had Globalism not happened at all and in the 1970s countries instead pursued their own domestic interests more and continued on, under a new and more diversified paradigm, with the old Bretton Woods' conceptual framework of economic cooperation amongst mostly independent but still interconnected economic units rather than Globalization's conceptual framework of all units merging into one. Ironically, given that, in my view at least, demand is the final source of trade, I strongly suspect that absent capital "G" Globalism the world would actually have *more* intercountry trade than it does now.

Expand full comment

Thanks and I very much agree with your comments. Demand destruction followed the immiseration of the Western working classes. There would have been much more international trade had each nation remained healthy. But the current global regime is coming to an end and so perhaps in the following decades we will see something closer to the model you describe.

Expand full comment
Comment deleted
Feb 25, 2024
Comment deleted
Expand full comment

Thanks for your comment and like. No need to send cash! But I appreciate your offer. I do this because I always wanted to write, but I didn't dare try that before I was financially secure. The best way to support me is to keep commenting! Thanks.

Expand full comment