Friday, 2 June 2017

Keiser Report (E1078): Germany vs USA in Era of Deglobalization

In this special double header episode of the Keiser Report, Max and Stacy discuss an era in which Germany once again is at the center of a major shift in global power in which a period of deglobalization accompanies one empire collapsing and another rising. They also discuss America’s ‘soft’ development versus China’s ‘hard’ development and whether or not this might deliver more peace than the world has seen in the past decades.

Globalisation is a bad thing. Self reliance, as much as possible, provides firewalls against disaster if something goes wrong in the World. Taking an extreme example, if all the world's food was only produced in a few areas in the Northern Hemisphere, and there was volcanic eruption that took out one third of the growing areas then millions would likely starve (unless huge reserve stockpiles were available) including in the southern hemisphere. The same situation applies to technical products.

Regional production might be less efficient and less profitable (for those few business owners) but the duplication provides jobs and areas where innovation can more easily occur

[Posted at the SpookyWeather blog, June 2nd, 2017.]

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