[mmooss]

> if South Korea stops all cooperation with the EU tomorrow

That doesn't happen between democracies and hasn't for generations, except for one democracy recently. I don't know that it happens between any significant economies, outside of wars (when and where has it happened?), except one recently. Trade is reliable, despite the nationalist attempt to use FUD. That's how countries get access to the best products and sell their best products.

[holmesworcester]

It does introduce a dependency on South Korea's ability to defend its democracy, though.

[mmooss]

The plant will keep running regardless of events on the other side of Eurasia - during a war South Korea would want the revenue, especially from a locale safe from attack. If SK lost - an awful outcome - it wouldn't be sudden.

[cycomanic]

But by that argument the EU holds all the cards because nobody can do what ASML can do. So everyone is dependent on the EU.

[throwaway85825]

It was very funny watching the South Korean legislators holding off the Korean seals by barricading the doors with chairs.

[jbxntuehineoh]

> except one recently

> Trade is reliable

"reliable except when it isn't" is just a convoluted way of saying "unreliable"

[jameslk]

> That doesn't happen between democracies and hasn't for generations, except for one democracy recently.

Neoliberalism and globalization is what guaranteed this. That is, Pax Americana. The US thought it was a great idea to become the reserve currency of the world, and became a net importer to spread the dollar. The dollar hegemony gave the US great influence and it defended it with its military. Becoming a net importer hollowed out the US industrial base as it moved overseas, which was fine until China speedran owning large parts of the industrial production and exportation. They also very quickly moved up the ranks of economic and geopolitical sway.

Now the US is ditching globalization for more mercantilist policies. That means the US will be less influential in a multi-polar world, as it can no longer strongarm so easily through the dollar. Trade will become more closed off as other countries rush to do the same now that they are less supported by the US military and economic influence and need to defend themselves more.

Thus, I wouldn’t discount the possibility that the EU stops cooperating as much with SK in the future

[mmooss]

A good point, imho.

In response to US's changes, the 'middle powers' (e.g., Canada, Japan, etc.) are working to promote the rules-based international order, including trade. But I agree risk is higher than before.

> Becoming a net importer hollowed out the US industrial base as it moved overseas, which was fine until China speedran owning large parts of the industrial production and exportation. They also very quickly moved up the ranks of economic and geopolitical sway.

> Now the US is ditching globalization for more mercantilist policies.

Rationalizing the policy is a serious error, I think. It's a political move by a group that has more power in conditions of nationalism, economic and otherwise. For example, the US is also 'ditching' military relationships, including NATO, for which there is no policy rationlization. Some believe in these things ideologically; most are acting politically, I think. Claiming policy reasons is dishonest. As another example, many countries in very different positions, with very different policy needs than the US, are behaving similarly.

[jameslk]

> Rationalizing the policy is a serious error, I think. It's a political move by a group that has more power in conditions of nationalism, economic and otherwise.

I think both are true and feed on each other to gain populist momentum

> As another example, many countries in very different positions, with very different policy needs than the US, are behaving similarly.

This may be influenced by the wave of populist nationalism but it again may also be a reaction to the reality that there isn't just one hegemony pulling the strings anymore (the US, or the west in general). Especially if said hegemony is acting unpredictable and other countries are now acting belligerent. That seems like a self-reinforcing cycle. I'm sure there's more reasons beyond these

[dnautics]

> "except one recently"

russia and {ukraine, georgia, etc}?

[mmooss]

Assuming we're talking about all countries, not only democracies: I qualified it with, 'short of war', which excludes Russia. That leaves only one that I know of.

[dnautics]

you implying US? What agreements has the us left aside from the iran one and the paris accords (ironically the US is the country on track to meeting paris accord requirements)

Hell, the US still hands tons of intelligence to ukraine, even though the trump makes big noise about cozying up to putin