• m-theory
    1.1k
    I think not.
    It is debt that drives globalization and intertwines foreign economies to the point where they become interdependent.
    I don't mean public sector debt either, I am talking about all those derivatives in the private sector.

    To slow down or stop globalization we would have to untangle the private sector debt mingling between nations economies.
  • ssu
    7.9k
    Does it seem likely to you that we will continue in the direction of de-gobalization or not?Bitter Crank
    Neither Brexit nor Trump even together aren't enough to start a true de-globalization, they can lead partly to it, but the change would have to be huge (yuuge, as it's said today).

    De-globalization won't just happen if TPP or TTIP don't get signed, or Trump creates a mess with truly opening NAFTA. De-globalization means trade barriers have to erected, countries do not see that the present integration is useful.

    And I btw. view de-globalization happening only when WW1 started (and with it's sequel), yet after that globalization has been chugging along quite well.
  • Wayfarer
    20.6k
    Remainers (left holding the Brexit baby after the Leavers… left) “WTF?”
    Leavers “We voted Brexit, now You Remainers need to implement it”
    Remainers “But it’s not possible!”
    Leavers “The People Have Spoken. Therefore it is possible. You just have to think positively.”
    Remainers “And do what exactly?”
    Leavers “Come up with a Plan that will leave us all better off outside the EU than in it”
    Remainers “But it’s not possible!”
    Leavers “Quit with the negative vibes. The People Have Spoken.”
    Remainers “But even you don’t know how!”
    Leavers “That’s your problem, we’ve done our bit and voted, we’re going to sit here and eat popcorn and watch as you do it.”
    Remainers “Shouldn’t you do it?”
    Leavers “It’s not up to us to work out the detail, it’s up to you experts.”
    Remainers “I thought you’d had enough of experts”
    Leavers “Remain experts.”
    Remainers “There are no Leave experts”
    Leavers “Then you’ll have to do it then. Oh, and by the way, no dragging your feet or complaining about it, because if you do a deal we don’t want, we’ll eat you alive.”
    Remainers “But you don’t know what you want!”
    Leavers “We want massive economic growth, no migration, free trade with the EU and every other country, on our terms, the revival of British industry, re-open the coal mines, tea and vicars on every village green, some bunting, and maybe restoration of the empire.”
    Remainers “You’re delusional.”
    Leavers “We’re a delusional majority. DEMOCRACY! So do the thing that isn’t possible, very quickly, and give all Leavers what they want, even though they don’t know what they want, and ignore the 16 million other voters who disagree. They’re tight trouser latte-sipping hipsters who whine all the time, who cares.”

    By Ishtar Ostaria
    Source: ft.com
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