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42 points

That’s some good news.

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17 points
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Fantastic news for American workers and economy

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8 points

it’s good in the short term but realistically this news is a canary in the coal mine moment

we are decoupling our economies from the global system - increasing the chances for cold and/or hot war

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29 points

The US is not decoupling from the global system, they’re just lessening their dependence on their adversaries and countries vulnerable to their adversaries for key sectors. The US can only stay prosperous if they remain a central player in the global economy and they know it.

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3 points

Imagine you’re Farmer Bob in a temperate region great for growing apples and I’m Farmer Fred in a tropical area ideal for bananas. We each like bananas and apples, so tried growing both fruits, each of us harvesting 12 of our specialty and 6 of the other, making a total output of 36 fruits.

But then, we learned about the power of trade. We focused on what our lands did best: I harvested 24 bananas, you 24 apples. We swapped half our produce, and like magic - We both had 12 bananas and 12 apples each, totaling 48 fruits, a 25% increase just from trade.

But what if we stopped trading due to trust issues? We’d revert to the less efficient system, losing out on the additional produce.

Now, think of this on a global scale. When countries specialize and trade, we all gain. But as governments decouple from global trade, they’re choosing to lose these benefits, making economies less efficient. It’s a dangerous path where everyone ends up poorer.

And for our governments to deliberately choose a path that makes us all poorer - that means there’s an unchecked growing tension. It’s almost palpable. We’re already living through a Gilded Age nearly a century after the last one… what happened after the Gilded Age?

Call me a doomer but this is alarming news, even if understandable from a national security perspective

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2 points

The writing was on the wall for the current global economy as soon as BRICS was announced.

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4 points

This is some great news. De-industrialization has created a skills gap in the trades that is going to take a generation or more to overcome. So many industries are utterly dependent on skilled people that have many years of experience, and those people are aging out of the workforce too rapidly to be replaced.

The culture shift in the 80s, 90s, and 2000s which treated “blue collar” as something for young adults to try to avoid is partially responsible, but without the demand for those jobs there was no push to fix that.

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