The era of peak globalisation is over. For those of us not on the front line, clearing the mind and thinking how to live in an altered world is the task at hand.
John Gray has written an essay in the New Statesman on Why this crisis is a turning point in history. He argues that the era of hyperglobalism is at an end and many systems may not survive the shift to something different. Many may think we will, after a bit of isolated pain, return to the good old expanding wealth, but the economic crisis that is now emerging may break that dream. Governments and nations may be broken by collapsing systems.