WTO warns of dangerous fragmentation of global trade | DW Business

The World Trade Organisation calls for re-globalization as trade becomes more political and the risks of conflict escalate. Chief Economist Ralph Ossa warns about growing fragmentation in world trade and the impact of the global trade slowdown.
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#wto #globaltrading #fragmentation

[@samiitb]

China has been giving subsidies to it's exporters for decades now. Infact for most of their products the price of their final product is less than raw materials. What was WTO doing all this while?

[@jeffxu6871]

YES, ID3 costs 14k EUR in China and 40k in Germany. China gives subsidies to VW in China

[@tiagogomes3807]

You are lying and you know it. Stop the BS.

[@mackbedunduk1305]

just let this happen. The WTO isn't the "invisible hand" that can fix it rather than being part of the huge problem. 😆

[@skp8748]

Exactly they're a tool of western Imperialism the only reason they're crying now is because in less than 25 years China has played their game to perfection

[@AORD72]

The Western countries should have 100% free trade with each other. There should be zero trade with dictatorships.

I like that idea. They need our toilets more than we need their blueberries.

[@bkay7781]

​Baltzera it's ignorance and arrogance or maybe stupidity that makes you think like that....lmfao

[@yakobcdiego]

Ask the middle east and Asia how they see western countries... Dictatorship is a very accurate word.

[@jeffxu6871]

Good idea! According to Western, only 10% of people of the whole world are living under "freedom" and "democratic"

[@leqiaop1840]

There are dictatorships in western style.

[@danielsckarin574]

February 24, 2022. Putin's war on Ukraine became the biggest hit to globalization.

[@patrickgz]

not entirely. regional trade blocks were already being created way before, eu is a fine example. ukraine conflict probably helped speedup dedolarization.

[@jinghe5802]

with de-globalization, I believe more war will come.

[@jeffxu6871]

No, US bombed Iraq, Syria and Belgrad before and Obama got Nobel price

[@kc10man]

Oh no the U.S. started subsidising manufacturing. Gosh. How dare they start to do what Europe has been doing since the Marshall Plan.

[@laujack24]

both europe and china been doing that, we literally subsidize them by giving them trade route security as well. well too bad, we have our own interest to pursuit.

[@fabriccouch]

Manufacturing of medical supplies and equipment, vehicles and weapons should all occur on shore. Globalisation as irrefutably weakened nations labor protections and conditions. The faster we decouple and “friendshore” the better. I’d pay more for high quality goods made onshore because they were locally made. Price is far less important than security, the strength of our national economy and labor relations.

[@ting280]

dude is allergic to straight answers. he came on to say it's not that bad and people can do what they want.

We call it "stick handling" here in Canada. Don't know how much you know about hockey, but politicians are very good a stick handling around the issues or questions.

[@user-kg4fr9jr7v]

This guy is simply from another planet. He opted not to notice what happened in the world last decade

Yeah, Obama dropped the ball.

[@GL-xe5vx]

Which guy? What do you mean exactly by what happened in the last decade?

[@neovxr]

It blew up witz potz blitzen putz blinken.

[@oldsteamguy]

great question: ".... doesn't that completely refute the argument that...." -no real answer given

[@jeremygibbs7342]

In regards to the opening statement. "When did interdependence become a bad thing?" Feb 24 2022 was the final straw. But we were seeing increasing issues with nations like China ever increasing its threats on democracies and western nations.

[@MMA-gb6to]

How did China threat your "democracy"?

[@buildmotosykletist1987]

@MMA-gb6to : China threatened to "Nuke" their neighbours.

[@xuchen4012]

@@MMA-gb6to Chinese ppl make more money = Westerners make less = Threat "democracy"

[@jeremygibbs7342]

@@MMA-gb6to Threatening to cut off medical supplies during the lockdowns, arresting Canadians in hostage diplomacy and interfering in our elections are just a few that come to the top of my head. Not to mention constantly threatening too invade Taiwan.

[@samanthaw4955]

The West and it’s penchant for endless wars is the most serious threat to a majority of the world. Blaming China does not explain the rise of nazism in Germany and the far right gaining popularity in EU countries. It’s these groups that threaten your democracy….just ask the USA.

[@patrickgz]

multipolar world

[@-aussie-]

Excellent interview Chris much appreciated

[@patmccall1818]

Giving your enemies the means and wealth to destroy you is never a wise decision. Maybe when a nations leaders regularly use hostile rhetoric for years and years, you should listen to them instead of hoping that making them richer will change their minds.

Damn right!

[@markeverett1393]

I might be wrong, but I think a big reason for trying to level up China was that they already had nuclear weapons and the west wanted to give them a reason NOT to use them.

[@mysterioanonymous3206]

​@@markeverett1393yeah you're wrong. The US wanted China out of the communist sphere of influence and had to give them a little treat. After all the misery they lived through in previous decades Deng Xiaoping gladly took the chance and we're all better off for it.

[@owenh.2265]

According to geopolitical analyst, globalization was only possible because the U.S. used its Navy to secure the world's shipping lanes but now it's getting out of that business.

[@antpoo]

Yes that is true.

Why is it so hard for the rest of the world to figure that out. US has kept the oceans safe for 78 years.

[@owenh.2265]

@ Because most people aren't old enough to remember what the world was like before the U.S. Navy began patrolling the oceans. But many of the complainers may now have the chance to experience it.

[@antpoo]

@ yes but it was with other peoples money. The petro dollar was the price paid by everyone to fund and have the gigantic US military protect global trade. The US didn’t create that juggernaut with its own domestic Economy.

[@antpoo]

@ but that monetary system has reached the end of its lifecycle, instead of restricting govt pending and debt, the US spending infinitely more creating an intolerable inflation. Everyone now saying no to the petro dollar, TheUSD will fall as global reserve currency and so will the military machine. Unless they declare all out war now, which is looking increasingly likely.

[@benwindbag]

Just great! We are now slowly but surely going back to a pre WWI world!

[@skp8748]

Yep by 1914 Europe controlled 84% of the world less than 70 years before that it was 35%

[@firstpostcommenter8078]

Yes. But without the colonization. Colonisers directly benefitted and other countries due to less competition from colonies have indirectly benefitted

[@brand8590]

@@firstpostcommenter8078 You forgot "modern colonialization" i.e. have a good look at N. Africa and France.

[@markeverett1393]

@@firstpostcommenter8078 I strongly disagree. I would posit that China is now the biggest colonizer.

I want an "old Grey mare." With one of them big sleds for hauling wood for the kitchen stove in winter.

[@nukacoaal]

14:35 Look at him, he is so nervous when he talks about China. It’s almost like he is being threatened haha

Nope. Just expressing the state of mind of our weak kneed politicians.

[@JonathanSwiftUK]

WTO seems to be protecting Capitalism not doing what is right. The problem is 30+ years old. We had outsourcing which moved jobs overseas, especially customer service helplines. Coal and steel industries, manufacturing all at risk in one country because another can do it cheaper. Massive movement of goods over long distances for no good reason. We definitely have seen how supply chains can collapse during a pandemic and Russia damaged the work economy with energy restrictions. And then OPEC+ is forcing energy prices up worldwide for greed. The old adage that you don't go to war with countries you trade with seems not foolproof. We absolutely must trade with rach other, we've done that for thousands of years, but there have to be limits, there has to be rational behaviour, like not importing huge quantitles of, say, potatoes if you can grow them locally - protecting the environment has to come first. We have to stop China disrupting the steel industry worldwide with subsidised steel, or everybody must be allowed to subsidise their steel. Level playing fields. Instead of saying we'll buy our batteries from India because they are 0.5% cheaper we must take into account transit cost to the environment, and pay a transport tax which properly reflects environment damage, and a carbon tax for the same reason. We must to able to, with good cause, choose some services and çompanies in the interest of energy security, for safety and national security reasons. We have seen this with Huawei. People are fed up with unrestrained Capitalism and uncontrolled greed.

[@Rnankn]

“We have to embrace trade for environmental sustainability” Really? Economic growth causes environmental degradation.

[@IrenESorius]

DONT SAY "I MEAN" / "YOU KNOW" in every sentence. 🤬

[@PapaOscarNovember]

WTO needs to be dissolved and reformed with every membership being provisional - no permanent members. Nations should lose membership the moment when, among other conditions, nations challenge established national borders (including oceanic boundaries).

[@xShariNgaN01x]

lol US should be the first to get booted by that rule

[@lepetitroquet9410]

Not many nations would remain...

[@sapere7]

@@xShariNgaN01xExactly

[@__3800]

"established" 🤣🤣🤣 by anglosaxons. The sole reason for violence on Earth.

[@ghtwghtw7197]

Western trade wars and sanctions. What do u expect

[@kzm-cb5mr]

Certain countries and bloc weaponized it through sanctions, of course there would be more hesitation from other countries who aren't totally in cahoots with them.

[@cravingtuna1561]

The idea of free trade was thay economic dependency would make wars non viable. Sanctions are a direct outcome of thay idea since they punish aggressive expansion with economic damage. It works as long as there aren't enough aggressive countries to split to a different bloc like the cold war. It worked with North Korea and Iran for decades but slowly there are more and more countries that seek aggressive expansion and thus break away from the free trade model. Its exactly how the League of Nations slowly collapsed before world war 2 with countries like Italy and Germany pulling out effectively making it simply an alliance instead of an international body

[@georgecrumb8442]

@@cravingtuna1561 US and its concubine, the EU, have been at war or supporting war/coups since America's inception. What planet are you on? The only ones who are "punished" are the enemies of western countries.

[@dmitry-tv]

"you know"

[@adammaturin1277]

I DO know. Ya know?

[@pumalee1997]

Europeans were more interested in war than in trade.

[@wilhelmvanbabbenburg8443]

Sure troll... Now go a sk Putin's 🍤

[@Ass_of_Amalek]

pretty weak how you talked about china at length, but did not ask about the issue of china's preferential WTO trade status as officially still a developing economy.

[@oldsenpai4337]

Only issues of global trade splitting into different blocs will be the loss of income for the average person but also increase the possibility of more wars to come. What a time to be alive.

[@aleczandergordon1298]

Better than living in a world policed my America 🤢

[@timkohler4603]

@@aleczandergordon1298 I think I would much rather live in America than in a trench fighting because of an arbitrary conflict. But very glad to have you taking this burden

[@user-lr8zd6yl8m]

Why this goose blaming Chyna.

[@brunoheggli2888]

Why not?

[@dormoisjean-pierre1436]

Someone tell him to stop saying "you know" every 5 secs, wissen Sie.

[@rocket4359]

LOL, now i can't unnotice it

[@oncaphillis]

Was there a little implosion when the chinese question came up ?

[@no.one.2]

DW needs better editors. It looks like they are touching shoulders. There is always something a little off visually or some timing is off on edits. They need a more experienced director.

[@halfordmunene3121]

Aliens are attacking the markets first, then banking😂😂😂😂

[@dm9078]

A seventy five year old lie is under threat. How will we cope

[@dougpage2730]

Considering the WTO has totally ignored Chinese subsidies and dumping for many years, that's probably a good thing!

[@reginafefifofina]

Entitlement! Consumers don’t HAVE TO buy anything if you really think about it. Trading things people don’t want, need or can afford. So Ursula was right about subsidies! Climate Change in mind we need short supply chains. Trade for stuff you need like minerals… I don’t need or want expensive cheap furniture I have to build myself.

[@agritech802]

Good point

[@ssuwandi3240]

Sure but things that you or Ursula never gets it is in any transition as big as energy transition that would take time and savvy coordination. Why? Because billion of capitals already spent in old structured economy and many homes are still built in old construct.. Women like Ursula should never get into such high exposure leadership role like last Walgreen pharmacy ousted CEO. Spent billion, tanked the stock to lowest price ever, let tons of shoplifters raided the stores days and nights (and traumatized the staff and others of course) and OOPSIE SHE ADMITTED SHE GOT A WRONG RETAIL BACKGROUND to ever fit into a health driven company 😂 Dubious Progressive Feminists are WOKE Evils end of day.. abs disgraceful leaders

I want my carrots grown in Canada, not California.

[@markeverett1393]

@ You're just hostile to chemicals. Lots and lots of chemicals.

[@TheLivirus]

Dear DW News. Stop telling me how to feel about world events.

[@wilhelmvanbabbenburg8443]

Stop watching... Smart solution, right?

[@aceyage]

They are delivering you information and opinions from experts with various viewpoints. What you make of it, is a matter of your capability to see connections and your understanding of the subject matter at hand.

[@TheLivirus]

@@wilhelmvanbabbenburg8443 True.

[@TheLivirus]

@@aceyage "Dangerous fragmentation" kind of sets the stage.

[@aceyage]

@@TheLivirus It's only dangerous fragmentation if you are uneducated. YOU have to do the work of learning the subject matter.

[@moriartist]

The host just breaths into my nose - so distracting

[@balsarmy]

Hermes/Mercury was called a god of trade AND communication for a REASON

[@archibaldsamu5873]

Apparently, increased trade has only fostered toxic competition and magnification of ideological differences. it has also highlighted how Asia is powering ahead and claiming a bigger piece of the cake at the expense of entrenched egotistical nations..

[@skp8748]

Not to mention the west has weaponised the WTO against poor nations

[@kentershackle1329]

😂....

[@bptan4545]

Globalisation is good if its benefited the western countries. But when the tide changes were global south product cheaper goods. Western countries imposed restricted and unfair trades. Western never want fair globalisation in the first place.

[@khangvutien2538]

Interesting. So world trade is starting to split between the countries that support Ukraine and those that support Russia. What is the relative sizes of each please?

[@trowawayacc]

The world is bigger than any dictator.

[@SerhiyKhvashchuk]

there also may be relative growth speed with somewhat concerning difference

[@antti8299]

India 1,4 billion people, China 1,3 billion, Se-Asia excluding China 0,7 billion, Africa 1,2 billion, South America 0,6 billion, these are the people who got under western colonialism and don’t participate in economic sanctions against Russia. Nato, Japan, Australia, South Korea sanctioning Russia less people than China alone.

[@cinpeace353]

From what I know, population vise is about global south - 85%, the West -15%. Economy vice is about global south - 60%, the West - 40%. As global south is probably having a higher population growth rate and economic growth rate, you would expect the percentage of the West is on a shrinking trend.

[@FarisAl-Said]

more like between nations that see trade liberalization as good and those that see it as bad

[@SafeSpaceCafe]

Thank you for being an eloquent questioner 17:14 boom goes the book of shame...

[@yuzenpro3263]

It is really distressing to hear the narrator snuff!

[@simonjian1083]

Greed is the sole result of all kind of wars that are always the cases regardless all kinds of situations are associated such as espionage and so on Can it be not greedy? 100% impossible!

[@betterpoliticsquetu]

pretty good questions

[@samanthaw4955]

Too many rhetorical questions makes for an empty conversation. The guest has great difficulty in answering a question coherently….must be a European thing 😂

[@betterpoliticsquetu]

@@samanthaw4955 ya he seemed to struggle a bit

[@pipilu3240]

See lots of opportunities to make use of the fragmentation of global trade...

[@joehuisoft1385]

What problems? Stock market is still mountain high.

[@tomalmow3814]

And all money to Ukraine 😂😂😂

[@unreliablenarrator6649]

If your system if failing your people you should stop holding it up as the best system others must follow.

[@SashaBuzko]

Only multinational corporations and their accountants worry about de-globalization. Everyone else should be quite happy: return of jobs to home economies or at least keeping them regional, less economic support for dangerous authoritarian regimes (China and Russia) and more reliable supply chains independent of long-distance sea routes.

[@vidyagaems4063]

Tip to aspiring public speakers: if you know you're going to be annoying, for example by avoiding direct answers, at least control your annoying habits. "You know" what I'm talking about.

[@jaycristoval6155]

Yes...I suppose if you're from an exporting nation like Germany you would be very much in favour of globalization, no matter if you're trading with communist dictatorship 🇨🇳 or fascist dictatorship 🇷🇺. Any Chinese commentator would also likely have many positive talking points concerning the taking advantage of both western democracies and less stable democracies in Asia Africa or South America.....

[@mabra-mabra]

Lembaga induknya saja telah rusak, konon lagi turunan dari lembaga induk itu sendiri.

[@hikashia.halfiah3582]

9:33 Apparently 100 years ago when currently advanced western economies at the same stage as current developing economies, tariffs and subsidies were much higher. This make me suspicion that the only one negatively affected by subsidies race are some resource poor but financially rich country of Europe (Germany), while resource rich countries such as US, Russia, etc will fare just fine. But mostly, the elite rich who profit most from globalization will take the most hit. But overall, a more fragmented world might actually be good for everyone else where economic system then could be shaped with local wisdom in mind.

[@FarisAl-Said]

A more fragmented world would in fact not be good for everyone as it would raise the cost of production for countries that do not have a comparative advantage within certain industries, removing trade barriers would allow each country to specialize in their own comparative advantage and thus reduce the cost of production which would in turn reduce the price to consumers. Furthermore, if a country has a lot of capital, a lack of trade barriers incentivizes them to invest in developing countries that still have many infrastructure projects that must be built, essentially developing countries that do not have enough start up capital to develop themselves while also redistributing the wealth from developed economies to developing economies with both sides benefitting from the exchange. a fragmented world would lead to people around the world remaining in poverty as it would take significantly longer to secure much needed capital for large scale, socially beneficial projects. an example of this benefit is if we look at China's belt and road initiative in which an economy with significant capital has began using that capital to build much needed infrastructure in countries that do not have sufficient capital yet have massive amounts of resource wealth such as Kenya or Tanzania. another example of the benefit of a globalized trade flow is in the production of the iphone in which semiconductors designed in europe are assembled in taiwan to be sold in the u.s., a more fragmented world economy would drastically increase the cost of producing such goods that have complex production chains and would only lead to higher prices for the average citizen that can range from basic everyday household items, to clothes, to food, to electricity bills, and gasoline. Nobody wins in a more fragmented world, the multinational company shareholders as well as the consumers all would suffer.

[@hikashia.halfiah3582]

​@@FarisAl-Said ​ Lower production cost is often touted as argument for globalization and specialization of economy. But you also have to look at wealth concentration. In a connected world, wealth and extracted resource seems to be monopolized by a population group of elite that's connected to each other (we call them capitalists). In theory, things should be cheap, but inflation paints a different reality, they act in a way such that anyone outside of the elite capitalist become poorer. In a super efficient connected economy, wealth share of poorer outsider group seem to eventually bottom out. Overall, it seems in super efficient economy, while total wealth of society increase, net wealth of noncapitalist outsider group decrease even faster. That is, efficiency of economy, aside of increasing population total wealth also increase inequality and concentration of wealth to the small elite segment. My point is, I think we need certain degree of inefficiency and friction in the economic system (such as tariffs and subsidies), so wealth won't get too much concentrated and a bit more spread out. Of course we have a name for both of these system of, frictionless and limited friction economic system: laissez faire capitalism and mixed economy. The latter of which is real economic system of real world, but it seems some people are conspiring to turn it into the former... tl;dr: Sure we might not want completely fragmented world, but it seems to be good idea to increase tariffs and subsidies back to 19th century level. It would increase equitability while still allowing wealth to grow.

[@patrickgz]

one shoe never does fit all. regional trade blocks are not a new concept.

[@hikashia.halfiah3582]

@@patrickgz Indeed, regional trade blocs also another way to increase necessary friction in economic system. And you are also correct in saying one shoe never does fit all. Uniform regulation tend to will only benefit a specific group of people. But certain level of trade is necessary to grow shared wealth. I think we should aim for that sweet spot in-between where everyone wins.

[@FarisAl-Said]

@hikashia.halfiah3582 it isn't in theory that things become cheaper. It is a factual statement that globalization reduced the prices of countless goods. Best believe that a more fragmented world would increase inflation tremendously. I come from a developing country, a country that does not have many "elite capitalists", a globalised world and the wealth created by it allowed my country to create a strong social net that provides free education and healthcare to our citizens. The wealth share of the worst off reducing is not necessarily due to globalization but rather extreme capitalism, nations can use the wealth produced by globalization to provide public services that increase the opportunities provided to citizens You say that those in super efficient economies are worse off, do you have a statistic or some sort of proof to back this up? Because with the increase of the minimum wage in the u.s. alongside extensive labour laws I can't help but be skeptical of your claim Trade liberalisation leads to a redistribution of wealth, this isn't even theoretical but a fact that has been proven by countless economists.

[@ajnaschenikandy7214]

It became bad when east started profitting

[@gokhanylmaz8514]

the rest of the countries need to force the USA and Russia to make peace, then the world will improve, at least on a global scale

[@barryraymond9004]

Trade and Security are now tied together and geography matters. That is the biggest change going forward.

[@tiagogomes3807]

That is no change at all! Trade and security were always tied to eachother and geography matters as it did in the past and it will in the future.

[@barryraymond9004]

@@tiagogomes3807 Before 1991 it mattered. After 1991 it didn't. The idea was that trade would open societies. That has proven to be false. The original deal with China was to pit China against the USSR, but the USSR is gone now, so trade with China no longer serves a security purpose and Chinese market access is being withdrawn from western companies which is eliminating any economic attraction.

[@beppeadr]

Just call for waht it really is the WTO: West Trade Organization

[@ToneyCrimson]

Yeah lets just return to monkey. This has to be one of the great filters, we will just wipe ourselves out...

[@SamZ127]

Looking at the current trade environment and anti-globalization, I am even more surprised that the WTO is still alive😏

Big paychecks.

[@thelastbison2241]

Maybe trade need to be fragmented for a while and let the incentives and damage roll before societies allowed to relearn the lesson on how to do global trade properly.

[@ElonTusk889]

Pro at stuttering

[@absolutemadlad6340]

Bitcoin fixes this.

[@aceyage]

What? How?

[@robertprawendowski2850]

⭐

[@chengavitch10]

Fragmentation of the supply chain is accentuated by using national security risk as a cover to stifle developing countries’ technology advances and preserve the global dominance of the few rich countries. By doing so, power is concentrated in the hands of the incumbent superpower, this is exact antithesis to the spirit of democracy.

[@Godfrey544]

I don’t get the impression that you believe in democracy

[@chengavitch10]

@@Godfrey544 I get the impression that you like to lecture people on democracy.

[@Godfrey544]

@@chengavitch10 Yes I do, it was once my job. democracy is about representing people's will through elective representatives. But it still centralizes power quite a bit. In fact more power is centralized in the hands of a few in a modern democracy than und the Emperor of the Holy Roman Empire or a medieval monarch.

[@WingkKong]

@@Godfrey544 dictatorship and democracy It's not that very different They are still elite political system which the elite control everything In democracy There are more people inside the dictatorship

[@ziggiLarsson]

dw covers excellent subjects, but, as always, the presentation is sooooooo wooden! take a look at yourselves guys, and sharpen up!

[@raisttlyn]

Interdependence makes a nation weak. Make your own country strong FIRST.

[@8__vv__8]

Nonsense. Everyone benefits when we all help each other. The problem is countries who think they can have even more by stealing whatever they want, then have a tantrum when it turns out there are consequences.

[@georgecrumb8442]

@@8__vv__8 Yep, Europe is facing consequences, but this is just the start -- just wait until the developing countries close the GDP gap, then you'll really see the consequences for colonialism.

[@iggy5347]

We need to de risking our world economy from the US dollar sooner then later before we are all get sanction from uncle sam

[@urimtefiki226]

Antonia Gutteras is a good man.

[@transmaster]

A good man who is the head of a corrupt organization.

[@betterpoliticsquetu]

he has some pretty big red flags

[@anonymityismyname]

13:10 got em!

[@hybridstryker233]

I blame corona for this

[@cinpeace353]

A government is about helping its citizens getting better living standard. Which political system a country chose to make that happen should leave to the countries themselves. For example, even having an election, US is kind of being limited to Biden or Trump. Is that the best that US citizens want?

[@user-uf4rx5ih3v]

If you consider the country to be the people that live there and if they decide what should be the governing model of their country, then that's basically the definition of democracy.

[@kentershackle1329]

LoL, Europe ENERGY CRISIS is SELF INFLICTED....

[@georgepotter1820]

Evolution or extinction? Are we able to learn to live in harmony with each other, nature and technology including AI? Sustainability not profitability. Mindfulness and self love, respect not exploitation. Our species faces a major die off, the population is passing the peak, passing a tipping point where our population goes from exponential growth to a transition to a new sustainable relationship with the ecosystem that has sustained us up until now. That downward curve can be as steep as a cliff which falls to zero, extinction, or it can begin steeply and recover as it returns to historic levels of sustainability, pre-technology levels such as pre-Columbian America. This could lead to a selection pressure that would produce a new species of hominid, speciation. The curve could be more gentle and could include technological solutions that would level off at a population that could both live more harmoniously with nature and each other and incorporate technology that would represent an evolution into a new species of technologically enhanced humanity, cyborgs. Taking life to other planets, terraforming and evolving new species of humans who could survive other planetary ecologies is another path that will require technologies including genetic engineering to reach for the stars. Managing these changes in a moral and humane way brings hope to a future that appears very scary from our selfish and ethnocentric perspectives. Keep up the good work or as John Perkins says "Dream True" instead of living like the hero of his book "Confessions of an Economic Hitman." Be blessed, you are a blessing. Aboriginal cultures have much to teach us.

[@Cadmus9501]

The global trade went on for decades and what did it prove? Only a few people or families came up on top. Recently global trade has hurt countries in the middle of a crisis, when you are dependent on other countries for production and they refuse to sell you goods and you have no means to manufacture what you need, it ended up costing lives during Covid.

[@Godfrey544]

Wealth inequality will get much worse once competing empires comeback

[@BodyTrust]

The EU is doomed.Always was doomed.

[@user-uf4rx5ih3v]

Aren't we all?!

[@marin1567]

ohh noo it's getting harder for me to sanction those who don't kiss my ring.

[@wynetsang]

Chaos create opportunities for capitalist to capitalize on.

[@thetobyg]

He answers like ChatGPT 😂