Tuesday, December 26, 2023

DEglobalization

As deglobalization expands and America comes home the protections provided to the free world will lessen and countries will have to take on the task of their own self defense. This reshoring will present a problem to the old time liberals in the United States, the group that was partial to world government. This is the group that declared better red than dead when Reagan challenged the Soviets. They are the believers in the United Nations, the World Health Organization, the World Economic Forum and the World Trade Organization. Some in this group even preferred the International Court system. As the US pulls away from these groups, starting with the financial side, they will become less relevant. North America will be the big winner in this new world order and Europe and China will be the big losers. This move toward Nationalism will trickle down to federalism in the United States as the states will gain power and the federal government will relinquish power. In the coming years some countries will adapt and rise while others will fall behind and a lot will depend on demographics and a willingness to change. Japan, for example, with an aging population will send much of its production to the North American where there is a working age population and a large consumer group. Japan will manufacture their products here and sell them here and send the profits back home to take care of their elderly. England may look at doing something similar. Other countries will have to come up with their own strategies to deal with the new world.

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