𝗧𝗼 𝗠𝗲

If you're a businessman from a neutral third party country like Hungary or South Korea, is the US now as attractive a place to do business as it was even a decade ago? Do you want to hold dollars and base your company in the US and buy/sell from the US and send your kids to school in the US?

Probably not. That businessman may be forced to rebase around China as the global hub for logistics, whether they like it or not. And they'll have to rely increasingly on the Internet (including Bitcoin) as the actual mechanism for enforcing a "rules-based order" that even China has to respect.

But that doesn't mean globalization comes to a halt. It just means that the US abandons the wave of globalization it set in motion. And as it steps down, it names China and the Internet as the competing successors to American Empire.