[nightowl_games]

I dont think the historical arguments about Globalization hold up in a post-covid world. We are seeing a massive CPU and GPU shortage. TSMC is a nexus of world trade. We saw a massive Suez canal blockage.

The merits of locally produced goods are far more apparent now than ever before. We are in a new age.

[Matticus_Rex]

Given the estimated gains of globalization just in economic terms (to say nothing of worldwide economic stability in most situations), which are in the 14-figure range, there's significant doubt here. Yes, there's likely room for things to be made in more than one place in many instances. But global comparative advantage is still the single greatest contributor to rises in global standards of living. Billions of people have been raised from extreme poverty due to globalization in the last few decades.

Those shortages we occasionally get are market opportunities that will encourage new market entrants. We don't need to attack globalism to get redundant production.

[imtringued]

One problem with globalization is that it takes forever to pull everyone up to the global middle class (around $10k per capita). That's not just bad for low skilled workers in the US. A lot of countries get stuck in the middle income trap because foreign investors move on to the next cheapest country.

[Matticus_Rex]

Is that a problem with globalization? Compared to what? Without globalization, most of those in the global middle class wouldn't have gotten there, and wouldn't stay there if globalization ended.

[peeters]

We also haven't had a world war in 76 years. I'll take an occassional shortage on non-critical goods over a major war every 20 years.