Kingsley J.’s Post

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CIO of Jevons Global Pty Ltd

Freeman's essay is here... he roundly excoriates sanctioneering: "The net effect of American sanctioneering and protectionism is to make the world ever less than the previous sum of its parts. The new U.S. stand on trade and investment: * Substitutes geopolitical risk judgments based on national security paranoia for comparative price and quality as the basis for business decisions, thereby reducing global economic efficiency, growth, and prosperity. * Exempts uncompetitive domestic oligopolies – which now dominate the American economy – from competitive pressures to produce better, cheaper products. *Deprives U.S. producers of economically desirable production inputs and locks in inflation. *Replaces quasi-judicial dispute settlement mechanisms in international trade with zero-sum contests of economic power. *Undermines global monetary reserve and trade settlement systems and encourages the formation of competing currency blocks and exchange mechanisms. *Divides the world into multiple segregated political and economic blocs, restricting trade and investment flows with other blocs or countries to the detriment of global prosperity and economic efficiency. *Constitutes a pivot to further stagnation and technological decline, not a realistic approach to reindustrializing America. *Drives the world toward attempted military rather than diplomatic solutions to problems, most of which cannot be resolved on the battlefield. " Amen to all of that. Huge investment implications for anybody with a brain who can use it. #NewWorldDisorder https://lnkd.in/gwk_nTeN

Surviving the World Order to Come

Surviving the World Order to Come

https://chasfreeman.net

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