I haven't seen what this claim is actually meant to mean? Is it angels dancing in a pin stuff about rates of change vs levels of the already amorphous concept of globalisation?
Globalisation = *increasing* integration and that's over?
Or it's in reverse? Or just different and no longer thing it was?
One can only assume that Darren is expressing approved Starmerist orthodoxy. Starmerism is now "We'll be poorer and like it, because there is no alternative." And "investing in" the NHS seems to mainly revolve around getting US private equity techbros involved.
ofc both think or say we should be working hard to agree a deal with the US. This seems nonsensical. They just ripped up all of their deals with the tariffs. They are not reliable. Trade openness is against their core political campaign.
I think Canada PM Mark Carney captures it better when he argues for a coalition of non-US trade partners to work together to find compensating trade barrier reductions. In this sense globalisation can survive without the US.
If at some point a regime that is more favourable to trade and democracy takes power in the US they can strike new trade barrier reducing agreements with the new coalition.
And if you *did* want a better deal with Trump, being able to show that you have other trade options with other trading blocks and so can walk away from his deal puts you in a stronger negotiating position.
Trump's first regime was short lived, but his policies bound Biden, who thought they would help peel off some of the wwc and Trump 2.0 followed. Some successor to MAGA might follow, or a constrained Democrat. Bearing in mind pressures on the franchise, etc.
Surely Starmer and co realise this? I get the point of not needlessly antagonising but don’t see how they’re going to manage things politically if they say one thing and do another
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Everyone else forced to pick a side.
Unclear where US will land at this stage.
Globalisation = *increasing* integration and that's over?
Or it's in reverse? Or just different and no longer thing it was?
https://bsky.app/profile/colmpm.bsky.social/post/3lm55p3bnak2k
I don't expect the BBC LK show to be able to dig into this with any particular depth
To the extent US capital is already overseas it will likely stay there, while FDI will trend to near-zero, I suspect 🤷♂️
Summed up nicely here
“…Trump’s transactionalism is self-defeating. Falling trust means fewer deals.”
Trump's time will be short lived, its a matter of how much damage he will be remembered for.