Economic Disaster is Already Here - Peter Zeihan
TRIGGERnometry
Konstantin Kisin & Francis Foster
4.5 • 3.4K Ratings
🗓️ 4 August 2022
⏱️ 54 minutes
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| 0:00.0 | Globalization obviously has a bad name nowadays, because of the disruption it's caused |
| 0:06.5 | particularly to our countries, the loss of manufacturing jobs, all sorts of other things, |
| 0:11.4 | the fact that suddenly in the middle of a pandemic we realize we get a lot of our drugs |
| 0:15.6 | from China and China may not be sending them, quite as willing, laser has done, etc., etc. |
| 0:21.0 | But isn't it fair to say as well that the period you're describing since the 1950s |
| 0:25.3 | through to about 2015, we've all benefited massively from this process. |
| 0:29.8 | So the end of globalization is not all good. |
| 0:32.8 | Oh, the end of globalization is going to be a disaster for most of the world. |
| 0:38.6 | Most of the world cannot feed and fuel itself without either direct imports or the inputs |
| 0:44.2 | that's necessary to allow them to feed and fuel themselves from another continent. |
| 0:48.4 | You break that down, you're talking about food shortages that are global in scale, that |
| 0:52.5 | affect billions of people, you're talking about an end to manufacturers trade in the way |
| 0:56.5 | that we know it, which basically strangles tech in the cradle. |
| 1:00.0 | And you're talking about a collapse of the ability of energy from one region to reach |
| 1:03.2 | another region, which Europe is discovering right now means the lights go out. |
| 1:08.4 | These are not positive things. |
| 1:10.8 | It doesn't mean that there won't be winners, just as in any system there will be winners |
| 1:14.2 | and losers. |
| 1:16.2 | But we've had a lot of winning in the last 75 years that's about to go away. |
| 1:26.5 | Hello, and welcome to Trigonometry. |
| 1:47.4 | I'm Francis Foster. |
| 1:48.6 | I'm Constantine Kissan. |
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