“Antiglobalization was strong in the run-up to 1914 and up to 1918, then less so during the 1920s, but it reignited in the 1930s as a result of the Great Depression, triggering an increase in tariff and non-tariff barriers that destroyed many businesses and inflicted much pain on the largest economies of that time. The same could happen again, with a strong impulse to reshore that spreads beyond healthcare and agriculture to include large categories of non-strategic products. Both the far right and the far left will take advantage of the crisis to promote a protectionist agenda with higher barriers to the free flow of capital goods and people.”
― Klaus Schwab, COVID-19: The Great Reset
The weather finally warmed up. Temps were in the 60s: the most pleasant day of the week. It was the strongest I've been in a couple weeks. Shoulder pain was a lot better, so I was actually able to a little work on the hill.
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