Odd Lots Lots More on the Coming 20-Year Storm with Viktor Shvets
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Nov 29, 2024 Viktor Shvets, a global strategist and author of "The Twilight Before the Storm," discusses the turbulence facing the global economy, catalyzed by political shifts like Trump's election. He examines the ongoing re-evaluation of trade dynamics and the historical tensions that influence today’s tariffs. Shvets also sheds light on labor market transformations due to political decisions and societal polarization, offering an optimistic outlook for future advancements. With a touch of humor, he links personal choices, like beer consumption, to broader societal shifts.
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The Trilemma of the Global Economy
- The current political and economic climate is similar to the 1930s, presenting a trilemma.
- We must choose between globalization, nation-states, and democracy; we cannot have all three.
Sovereignty and Economic Anxiety
- Economic anxieties, like job security, are intertwined with questions of national sovereignty.
- The ability to control borders and maintain a military are key aspects of this debate.
The Three I's
- Inflation, inequality, and immigration are the key drivers of current societal tensions.
- Cultural issues amplify these core economic concerns.
