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Real Vision: Finance & Investing

The Essential Conversation - What Will the World Look Like in Five Years?

Real Vision: Finance & Investing

Real Vision

Business News, Business, Investing, News

4.11.1K Ratings

🗓️ 28 December 2022

⏱️ 69 minutes

🧾️ Download transcript

Summary

“Regionalization” is the transition from a world of stable prices and consistent growth to one of rising costs of living where the threat of global famine is real. The breakdown of an economic order framed by just-in-time supply chains requires a rethink of trade networks and relationships. Geopolitical strategist Peter Zeihan addresses these issues and more in his new book “The End of the World Is Just the Beginning: Mapping the Collapse of Globalization.” In the third episode of our ‘Best of 2022’ series, Zeihan joins Real Vision’s Maggie Lake to talk about implications of this transition, including the end of China’s time as a great power but the perpetuation of the U.S. dollar’s status as the global reserve currency. Recorded on May 31, 2022. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

The next interview in our Best of 2022 series was one of our most watch conversations this

0:06.1

year.

0:07.1

In this interview Maggie Lake speaks with geopolitical strategist Peter Zahun as he lays out his

0:12.6

view for what he believes the world will look like in five years as we move from globalization

0:18.9

to what he calls regionalization.

0:21.1

Hi Peter. Welcome back to Real Vision. It's great to be back.

0:32.5

So you have a new book coming out this month. Congratulations. The title is The End of

0:37.5

the World is just the beginning. Mapping the collapse of globalization and you don't

0:43.1

mince words in this at all. In the introduction you write or you say we've been living in

0:50.7

a perfect moment and it's passing. The world of the past few decades has been the best

0:55.5

it will ever be in our lifetime. Instead of cheaper, better, faster, we're rapidly transitioning

1:01.9

into a world that's pricier and worse and slower. Our world is breaking apart. That

1:10.3

is pretty ominous sounding. Talk to me a little bit about what forces are driving this

1:15.9

transition.

1:16.9

I think it's good to talk about what forces created the world we know. The whole idea

1:22.1

of globalization is that anyone can go anywhere at any time and interface with any partner

1:27.3

by any commodity ship into any market without needing a military escort. That was something

1:33.6

that was unheard of before World War II. The world used to be imperial. The Americans

1:37.9

created globalization, patrolled the global ocean so we could all do all these things.

1:42.8

But it came at the cost of subjugating your security policies to the United States for

1:47.7

the Cold War. We basically bribed up an alliance. It worked. But the Cold War ended 30 years

1:52.6

ago and in the last seven presidential elections, we've gone with the candidate who is less

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