The Global Power Shift Isn’t West to East–It’s Not That Simple – Investment Watch
by Charles Hugh-Smith The mercantilist dependence on exports for growth, a winner for the past 70 years, has reached diminishing returns. Rather than be a source of growth, it’s a source of stagnation. Conventional wisdom holds that geopolitical power is inevitably shifting from West to East. It isn’t quite this simple. The real shift is…
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