As a big fan of Henry Ford. He was never for globalism and was never for a central bank either.
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford, founder of the Ford Motor Company.
The case against globalism is that, eventually, someone gets pissed off. When that country gets pissed off in whatever deal they got involved in, it resorts to war.
Well when most of your goods and even food comes from another country, it’s a quick way for an entire country to starve. Not to mention to give the upper hand to the countries that can support their entire nation why exporting.
I believe the current state the US is in right now, if it doesn’t change things, if we end up in a major war, especially world war, we would have a hard time being able to provide, or even create, everything we need to keep the nation going.
The flaw in going for cheap goods, is not only shooting your neighbor in the foot when he/she looses their job, but you removed the knowledge and machines out of the country. To flip a switch and make the US a manufacturing country again, would almost be impossible in less than a year. And the US would be lucky if 1 year was enough.
Then there is food. Most of food production in the US is feed corn and soybeans which is made into many things. The problem is, those things it typically turns into aren’t the most nutritious and it can’t really be eaten out right. If it’s not turned into anything, it’s typically used as feed to animals. Which that itself is limited as well. You can only go so far with that. So if we need to scale up and produce all the other crops we need, not just in California. We need the equipment, knowledge, and people nationwide. True not all crops grow in every zone but regardless, our flaw as a country has been to trust in globalism.
Redundancy will be the key to survival to the future for all nations. As warfare will be far more extreme than in the past and reliance on key parts of the country will no longer be possible.
I don’t believe globalism will be sustained and eventually will hit a failure point. It will come back but all countries will be a little less involved then they are now.