[pfraze]

My theory is that America needs to reverse some amount of globalization as its influence wanes. We’ll lose some of the cost benefits - it’s very cheap to source labor from third world countries - but we’ll gain from local production, perhaps meaning costs go up but wealth circulates more readily. Whether that’s a very inspiring idea, I can’t say.

But I’m unconvinced local politics are any better than national politics. We don’t seem to have any trouble traveling to Washington to protest.

[andreskytt]

This is much more complex and much less related to globalism than to us monetary policy. Using the dollar as a global fiat is certainly beneficial but it also means others are very interested in selling things to US to get dollars and buying from US means some dollars get out of the immediate circulation. Which is better, who knows, but it’s a specific policy decision by US and _not_ the concept of globalization, that has the consequences described.