Virtually all products we use are brought stateside through complex supply chains and international trade. Such commercial activity didn’t happen out of thin air.
It’s the product of the United States’ naval hegemony on the high seas. That’s what allows for countries to freely trade with the US and the broader West.
Despite what some people say, globalization is not the historical norm.
Most trade tended to be conducted within polities or along regional lines.
As mentioned before, it took some degree of military supremacy to ensure that goods crossed borders in a peaceful manner.
Since World War II, the United States has been the world’s premier hegemon.
While it did not enjoy pure hegemony throughout certain parts of the Cold War when it competed with the Soviet Union for global influence, the US did everything possible to bring countries into its fold by promoting free trade.
In exchange for aligning themselves with the US, these countries would receive US military protection, which allowed them to trade freely with the US. This facilitated an unprecedented degree of trade and has been a hallmark of the world political economy since the end of World War II.
However, this entire model may be coming to an end.
Structural explanations such as the end of the Cold War, the Global Financial Crisis of 2007-2008, and the COVID-19 pandemic have resulted in a total shakeup of the current international order.
Geopolitical analyst Peter Zeihan believes that globalization as we know it may not be long for this world.
He recently appeared on Jason Hartman’s show to discuss this fundamental transformation in the world order.
Check it out here to learn why the world will never be the same in the next few decades.
P.S. Indeed, we’re going to be experiencing some huge economic transformations on the world stage.
This will absolutely impact our finances. Many people will likely lose jobs as a result of the supply chain disruptions and make abrupt economic adjustments to the new economic order.
The good news is that income property investors will be uniquely positioned to profit from this shakeup as many people are flocking to the American interior to settle down in more affordable, linear markets.
These are the areas where investors can rake in some nice cash flows and start building the foundations for their real estate kingdom.
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