The end of the American century

Source: spiked
by Phil Mullan

“Many believe that the war in Ukraine will reverse or bring an end to globalisation. As Larry Fink — the boss of the world’s largest asset-management firm, BlackRock — put it in his annual letter to shareholders, Russia’s invasion ‘has put an end to the globalisation we have experienced over the past three decades.’ However, this is not the first time that globalisation has been declared dead. Obituaries were published after the financial crash of 2008, after the Brexit vote in 2016 and after the election of President Trump in 2016. Yet more obituaries were penned following the pandemic lockdowns and the accompanying disruption of global supply lines. When a phenomenon is repeatedly declared dead, only to repeatedly survive, it should raise questions about the usefulness of the concept used to describe it.” (05/02/22)