Originally posted by grassfarmer
View Post
And how many of those previous trade disruptions were as disruptive as the worlds superpower going from also being the worlds biggest oil importer( or substitute the most important commodity of the era, spice, cotton, wool, grain, coal, slaves etc) to being a net exporter, and literally no longer needing the rest of the world, or needing to care what happens outside their borders? That doesn't mean they don't or won't, but it is certainly an option.
I don't think most of us can even grasp how this changes the world order, and that it won't be going away with the next regime change. It will be interesting to see how the US responds to the latest crisis in the straights of Hormuz, now that they literally don't have a horse in the race. Are they still going to defend the interests of their trading partners and allies without question? Will they see what concessions they can extract from them first and only then defend them, or will they wash their hands of this and say not my problem. And the implications that has for all world trade, from Canadian grain to Chinese goods coming back.
Comment