Sputnik — EU Rolls Out New Strategy to Cut Dependency on Chinese Suppliers Amid Worsening Ties

Summary:
All are now focusing on economic and financial self-sufficiency now that globalization is on-hold for the foreseeable future. It's a consolidation phase to be expected in the historical dialectic. The process was getting ahead of itself and now geopolitics and geostrategy have intervened. Now questions arises as to whether the pause will be intensified by a new cold war and arms race, if not kinetic warfare on a regional or global scale. This implies rising uncertainty and increasing paranoia, which suggests increased military spending, probably to the disadvantage of domestic programs, although some domestic sectors will profit while others will be adversely affected. Addressing climate change will be increasingly put on hold to increase national and bloc advantages.Sputnik

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

John Quiggin writes Monday Message Board

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten