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I disagree, and here's why. Yes, America is indeed deglobalizing. But China and the Internet are still expanding. And those will be the two poles after the current era. The centralized state, and the decentralized network. The US set itself up as the hub of a global empire. But now it's exiting that role, and forcing every nation and business to cut ties. Just add it all up, across parties: - shooting CEOs - bombing Teslas - telling long-time allies to go their own way - pulling back the US military - proposing unrealized cap gains taxes - abolishing the police in blue cities - slashing student and worker visas - imposing tariffs on imports - receiving retaliatory tariffs on exports - shutting down US research universities - corrupting Delaware as a base for multinationals All of this on top of the backdrop of a society where different groups of left and right regularly fulminate against the influence of white people, capitalists, technologists, Jews, Indians, Chinese, and foreigners in general. Yes, of course, those aren't all coming from the same subgroups. But when you add them up, you have double digit support for many simultaneous kinds of insanity. This just wasn't the case in the America of, say, 2007. So, taken in its totality, 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.