BlackRock CEO Larry Fink says Ukraine war spells end of globalization

NY Post ^ | 3/24/22 | Ariel Zilber

[Grampa Dave]

Other than the Ukraine/Nuclear War cheerleaders, I think most here will be happy, if this is actually true.

Economic trends are often cyclic in nature.

One of our relatively new neighbors since the Covid Pandemic is a property manager of large chunks of property abandoned by the government (local and National). Like former military bases being retrofitted for today’s and tomorrow’s financial world. He said that even parts of Detroit are being retroed.

He said that is part of America’s history/tradition.

[JonPreston]

Agree.

[Son-Joshua]

So the U.S. should manufacture more of our goods at home? Let’s use an example: fertilizer. Didn’t a guy say bring companies back to America? A guy we hope will come back, himself.

[patriotfury]

Good job on WEF notables !

Familiarization is always useful investigatory and analytically -

The German Born Leninists team is available for all on FR to see. 🇺🇸

[AnglePark]

It could also spur economies to develop greater reliance on local manufacturing, according to Fink.

Good. I said this should have happened because of Covid, when we saw a shortage of essential products (computer chips, medicines, etc.). The US should be the manufacturing powerhouse of the world. The only thing -- the only thing -- we should be importing are the raw materials that we don't already have, or are in short supply here.

[patriotfury]

Or rather -

Good job on WEF notables !

Familiarization is always useful for investigation, and analytically -

The German Born Leninists team is available for all on FR to see. 🇺🇸

[Republican in occupied CA]

Hell, I’m entirely for Ukraine putting a massive hurt on Putin and Russia (yeah, yeah, Soros, Hunter, etc., doesn’t change the fact that Russia needs to be put down like a sick puppy and sent back to the 12th century where they belong, even if Putin is less hostile to Christianity than most Dems) and regard Russia as every bit as much my existential enemy today, right now, as they ever were during the cold war.

But anything that hurts the slave-labor globalists is good. I dread inflation, being nearly retired, but if not one single piece of cheap Chinese crap ever came inside these borders, nor even a pen or valve-stem cover were made by anyone earning less than the minimum wage in this country, I’d take it in a heartbeat.

Globalism is the ultimate perversion of capitalism, to where everything is made at the cheapest cost even if that means it’s made with what is essentially slave labor and without out regard to environmental degradation. US workers should not have to compete with Chinese slaves.

Trump was right, just not extreme enough, we need to tariff the HELL out of anything made anywhere where people are paid less than the best wages Americans make for the same function.

Globalism is a race to the bottom, good riddance.

[vespa300]

>>>BlackRock CEO Larry Fink says Ukraine war spells end of globalization>>>

Let’s hope it spells the end of BlackRock who shares responsibility for insane real estate prices and resulting property taxes that are drowning people.....

Get outta here fool.

[AnglePark]

So the U.S. should manufacture more of our goods at home?

Told a friend recently that I wish a lawmaker would propose legislation requiring companies that sell their product in the US to produce at least 30% of that product here. Covid showed us how vulnerable certain products are when faced with a global event, and we need to learn from that.

[norcal joe]

Other than the Ukraine/Nuclear War cheerleaders, I think most here will be happy, if this is actually true.

What a stupid comment.

[wiseprince]

Not the end but its a hit I’d say

[T.B. Yoits]

If anything, the global supply chain disruptions will encourage the Globalists to intensify their efforts. They now have more money and control than they had previously thanks to the perpetrators of the Scamdemic and the stolen election of 2020.

At the same time, the Globalists have woken up the John Galts of the world:

-Eóin Galt
-Evan Galt
-Giovanni Galt
-Hans Galt
-Honza Galt
-Iain Galt
-Ian Galt
-Ioannis Galt
-Ionel Galt
-Ivan Galt
-Ivanko Galt
-Jaan Galt
-Jan Galt
-Janek Galt
-Jani Galt
-Janko Galt
-Jean Galt
-Jens Galt
-Jhonas Galt
-João Galt
-Johan Galt
-Johann Galt
-Jóhann Galt
-Jóhannes Galt
-Jonas Galt
-Jöns Galt
-Juan Galt
-Juhani Galt
-Seán Galt
-Shane Galt
-Shaun Galt
-Shawn Galt
-Xoán Galt
-Yahya Galt
-Yanka Galt
-Yiannis Galt
-Vanya Galt
-Yohan Galt

[TomGuy]

Fink predicted that the war will force countries to re-evaluate the extent to which their economies are interdependent on others. It could also spur economies to develop greater reliance on local manufacturing, according to Fink.

Hmmmm. That sounds awfully familiar.

Where have we heard that?

Oh, yeah, Trump as president in 2017 was doing just that: localizing manufacturing, bringing many companies [and their $$$] back from overseas, establishing oil independence, etc.

IIRC, the leftists labeled such movement as 'nationalism' and tried to make it into a dirty word.

Will the leftists now blame the end of globalism on Putin?

[discostu]

Globalization isn’t going anywhere. Yeah there’s the occasional hiccup, but it happened for a reason, and that reason isn’t going away. Efficiency to market and maximizing sales will always present to much opportunity for local to be king again.

[JonPreston]

Globalization isn’t going anywhere

Not if people like you can help it.

[discostu]

It’s not nothing to do with me. Bother to understand how markets work. This is a sun rises in the east situation. All the pissing and moaning in the world ain’t changing the facts on the table.

[G Larry]

When Fink has divested from his China investments call me....

[nickcarraway]

I have a friend who has been saying this for months.

[nickcarraway]

Do you think Biden or anyone else is listening? If it happens, it will. E forces bigger than them.

[JonPreston]

Bother to understand how markets work.

Globalization doesn't join markets, it distorts them by using slave labor with zero regulations. But don't take my word for it, look what happened to manufacturing in America.