The End of Globalization

We saw a trillion dollars worth of re-shoring last year, and we'll sort of see a similar amount this year. The seeds of globalization's decline were planted in the very beginning because societies that were able to maintain very low production costs. And as you get more successful as China has become, those costs go up. We're seeing now that 100% of the processing of wars and these kinds of things is going on in China.

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