The next 10 years
mark94
Arizona
Friday, August 5, 2022 12:14 PM
Peter Zehain has a best selling book called “ The end of the world is just the beginning “ where he describes the changes going on in the world and what’s next.
After the Cold War ended, America continued to serve as the World’s policeman, assuring global trade was possible. It was a golden period where billions were lifted out of poverty as poorer countries became connected to the global economy. Those days are gone forever. CoVid accelerated that inevitable transition.
The US is no longer willing to bear the cost of protecting the world while allowing a hollowing out of its manufacturing jobs and becoming vulnerable to supply chain issues.
The nations of the world will return to an earlier model of national and regional economies. The countries that are self sufficient in agriculture, energy, and a working age population will do relatively well. The US ( with regional partners in Canada and Mexico ) will do well. Countries like China and Germany, who must import their food and energy, will be a disaster.
The next few years will see a return of manufacturing to the US. That will require massive capital, raising the cost of everything, but will eventually make the US self sufficient and secure. Friendly countries that align with us, like Canada, Mexico, Japan, and Australia, will also survive. Europe will be a mess, as well as most of Asia and Africa. Zeihan predicts a billion people will starve. Regional wars are inevitable.
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