No one can rule the world 3

Has the danger of world socialist government posed by Klaus Schwab and his World Economic Forum passed?

FOXBusiness reports:

BlackRock CEO Larry Fink says that Russia’s invasion of Ukraine marks the end of globalization, as countries, companies and individuals reassess how dependent they want to be on others.

The Wall Street titan, whose firm is the largest asset manager in the world handling more than $10 trillion, says he is still a globalization proponent, but in his annual letter to shareholders he  wrote:

“I remain a long-term believer in the benefits of globalization and the power of global capital markets. … But the Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades. We had already seen connectivity between nations, companies and even people strained by two years of the pandemic. It has left many communities and people feeling isolated and looking inward. I believe this has exacerbated the polarization and extremist [he probably means to imply “nationalist” – ed] behavior we are seeing across society today.”

Supply chain headaches brought on by the COVID-19 pandemic, surging inflation, and concerns over the actions of trade partners have increasingly caused countries and businesses to reconsider the extension of their international ties. Fink says Putin’s war is a tipping point.

“Russia’s aggression in Ukraine and its subsequent decoupling from the global economy is going to prompt companies and governments worldwide to re-evaluate their dependencies and re-analyze their manufacturing and assembly footprints — something that Covid had already spurred many to start doing,” he wrote.

Larry Fink regrets the passing of globalization, but we do not.

Globalism has never worked – and, fortunately, never could.

Victor Davis Hanson explains why: