by Kane McGukin, Bombthrower:
Where are we headed? It’s hard to say, but there’s one thing for sure. It’s a future that looks a lot different than the past we’ve known.
This is one of the foundations Ray Dalio discusses from time to time. People and societies tend to get accustomed to how things are. They get carried away with the good and the bad and expect them to continue into infinity which is exactly when we get change. The moment everyone is positioning for the current mood to continue, it switches. He further discusses some of the ramifications of this in his piece paradigm shifts.
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Since roughly the early 1900s we’ve experienced globalization. Slowly bringing people and countries together and connecting them, even amidst the wars and protectionist periods. We globalized people in the early 1900s but after the wars (WWI & II), it was commonplace for people to travel internationally but for business to mainly remain localized. It wasn’t until the 1980s and 90s that businesses really started globalizing; once the digital infrastructure had been built out. For the period in between I can only imagine it felt a bit like de-globalization, much like we hear tossed around today. And in some regards, it’s true. We are seeing people begin to localize again. Lockdowns forced individuals to stay put. Supply chains broke and countries began to reconsider outsourcing everything. They all began to hunker down and bring work back within their borders to create protections and avoid obvious weaknesses.
However, I believe this period of de-globalization is temporary. It is just so we can add a third leg to the stool, global money.
While we think we’ve seen globalization, we have not. We’ve only seen globalization of people & business.
After this round of battles 👉#Bitcoin vs. Banks = Users vs. Cloud Platforms = Subreddit’s vs. Reddit, etc.
We’ll see true globalization of people, business, data & money.
— BitKane (@kanemcgukin) June 22, 2023
It’s so we can figure out how to work in a world where people, business, and money are global. It’s a period where we can figure out new rulesets that are needed to run a world with a need for much more liquidity, new financial assets and networks like Bitcoin which all run on the internet. Much like the 1940s I assume consortiums are meeting in secret to rewrite and set new rules. Bretton Woods 2.0 type meetings, where parties on hand define how capital will flow and which countries will be operators of this new world.
For the first time in history people, business and money will all be truly global in nature. They will move from jurisdiction to jurisdiction with ease. Flow like water with little standing in any of their ways. The signs are there.
