Deglobalization

It's usually good news when the marauding economic globalists dislike something, and they certainly don't like the trend toward deglobalization which has been taking place since the debt crisis of 2008 (which was caused by them).

Rana Foroohar of Time magazine recently reported that trade talks are increasingly becoming more regional and local, companies are moving production back home. 21% of all manufacturing firms in the U.S. are actively “reshoring”, and 54% say they are considering it. The U.S. has even shrunk its deficit a bit due to the shale-oil and gas boom, we are buying less foreign oil.

Markets that converged globally, largely to enrich a few globalists at the expense of everyone else, are increasingly diverging along national lines. Free movement of money and goods across borders have been bumping up against trade barriers.

This is all good. It has always been economic nationalism which has made individual nations grow richer---the whole nation. Yes, it is more tricky geopolitically and diplomatically, but far better for all of us economically and culturally.

The question is, can this deglobalization be sustained, or will the global marauders continue to buy more powerful politicians than the economic nationalists can overcome? Trends are good in any case.