![]() However, with the United States turning inward, if we stop guaranteeing open sea lanes, this could lead to a marked increase in the cost of insuring transportation. The United States has 11 aircraft carriers China, Italy, and the UK have two each and six other countries have one each. The world prospered, as each country did what it did best, knowing that the sea lanes would be protected. Why is the era of globalization ending? First, in the Bretton Woods system, the only country to emerge stronger after the Second World War, the United States, agreed to provide free passage worldwide, and to support ever-expanding free trade. Yikes! About the only country that will weather this storm is the United States also, Australia, France, New Zealand, Canada, and Mexico will do fairly well. Answer: a lot of famine worldwide, and societal collapse for starters, especially with China. ![]() The author’s thesis is that the Era of Globalization is ending, and what will likely happen if the amount of trade is reduced markedly. What a great book! I don’t know that I agree with all of it, but I was challenged the whole way through the book. ![]()
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