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Globalization Without The US

by Andrew Moran


Larry Fink, the BlackRock CEO who manages $10 trillion in assets, believes this is the end of globalization. In his 2022 letter to shareholders, Fink wrote that Russia’s invasion of Ukraine upended the world order, sending the globe back 30 years and exacerbating “the polarization and extremist behavior we are seeing across society today.” Oaktree Capital Management founder Howard Marks echoed these sentiments, spotlighting a “pendulum” shift back toward local sourcing and the further creation and adoption of digital currencies. But is this the end of globalization, or is this a world no longer dominated by the United States? Let the economic chaos begin!..


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