How Coronavirus Is Accelerating the End of Globalism, Feat. Peter Zeihan

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 1 April 2020

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Some countries just aren’t going to emerge from the Coronavirus.” Peter Zeihan is one of the world’s foremost geopolitical experts. In his new book “Disunited Nations: The Scramble for Power in an Ungoverned World,” Zeihan argues that we’re at the end of the largest expansionary period in human history. As America withdraws from global leadership, a totally new (and for most parts of the world, more painful) ‘normal’ will emerge. On this episode of The Breakdown, Zeihan joins @NLW to discuss why the Coronavirus crisis is rapidly accelerating the end of the era of globalization. How the American-led global order used the dollar as the tool to keep the world together Why geopolitics and demography are coinciding to end the era of globalization Why Covid-19 will spark a massive return of American manufacturing Why, when it comes to the dollar’s status as the world’s reserve currency “Never before has the “exorbitant privilege” of being the world’s reserve currency felt more exorbitant or more like a privilege. Why the crisis could spell the end for the Euro Why China isn’t nearly as well positioned in the post globalization era as many assume Why the best positioned countries in the coming era are the US, Japan, Argentina, France and Turkey

Transcript

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0:00.0	The pessimism, so many parts of the world were living in complete abject denial about the end of the order.
0:09.0	Europe, I would say, is the greatest concentration for this.
0:12.8	Just the sheer insistence that everything was going to be fine and all they had to do was outweigh
0:19.2	Trump and the world would go back to normal where the Americans pay for everything.
0:22.6	I mean, it was just, it was asinine, but it was probably the dominant view around the world.
0:28.9	Adam coronavirus and all of a sudden we have 10 years of transition smashed into a year or two.
0:35.7	Most places in the world weren't going to be able to deal with the new disorder anyway.
0:40.0	And having absolutely no adjustment time while also under economic and political lockdown,
0:46.5	some countries just aren't going to emerge from the coronavirus.
0:54.1	Welcome back to the breakdown. an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW.
1:04.0	The Breakdown is distributed by CoinDesk.
1:09.4	Welcome back to The Breakdown.
1:11.3	It is Wednesday, April 1st.
1:13.8	April 1st, guys.
1:15.1	We are starting the first full month of lockdown in many places in the U.S.
1:20.3	And certainly the first full month of global awareness of just how devastating the coronavirus can be to not only health outcomes, but to our
1:30.1	economic and global systems. And that's kind of the subject for today. So yesterday I discussed
1:35.2	with Nick Carter how this is really not just a health crisis or an economic crisis or even a
1:40.5	financial crisis, but it is in, a geopolitical crisis as well.
1:45.7	Well, my guest today is one of the foremost geopolitical thinkers in the world.
1:49.9	Peter Zion is a geopolitical consultant and the author of the recent disunited nations,
1:55.5	the scramble for power in an ungoverned world.
	...

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