• Globalization for the US was never about economics or trade, but about security, as demonstrated by Cold War foreign policy.
• The US benefited from globalization due to its large economy, but now the rest of the world has a combined economy that is 3-4x larger making indirect economic subsidization untenable.
• US politics has shifted with the changing demographics, economics, and security, diminishing support for globalization.
• Demographic shifts (urbanization, industrialization, Baby Boomers) have resulted in a global population running out of people 40 and under, eliminating the ability to sustain the globalized system through trade.
• The Biden Administration is far more anti-globalization than the Trump Administration, meaning it would take at least 6 years for the US to re-enter the globalized system, by which point China will likely be gone.
Published February 2, 2023
Visit Youtube to watch Peter Zeihan’s original vlog Deglobalization: There’s No Stopping It Now
