True-Cost Shipping (PT. 6)
For years it’s been ridiculously cheap to use mega tankers to ship stuff across the ocean. That will stop.
Our current way of exporting and importing goods, the one economists have been touting as a way to spur growth but which depends on a mightily subsidized transportation system, will no longer fly. Globalization — capitalism’s bred-in-the-bone burden — will cease to be the dominant economic paradigm. Just about everything at the megamarts will cost more.
The whole tenor of world trade will be transformed. Exports and imports will stabilize at a reduced level. Trillions of purchases every day will come back to your neighborhood. A fairer, community-based marketplace will begin to emerge.
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