Trade will muddle through somehow. Where there is a buck to be made people can be innovative and bold.
What worries me far more is environmental disasters. Large parts of insurance and accountability has disappeared with the arrival of the shadow fleet model.
Only a matter of time before some pristine coastline gets fucked by an oil spill and everyone just shrugs and ignores it
> Trade will muddle through somehow. Where there is a buck to be made people can be innovative and bold.
That's what I believe as well. Once the opportunity arises, another power or group of interest will seize it, as it's always been the case throughout history. It may take a while, that's true, but just like we can't turn back to a world without countries anytime soon, we can't turn back to a world without commerce anytime soon.
In fact, it is becoming increasingly clear that we should not want a state like the US to be the guarantor of such a system, if only because it will do everything in its power to keep this planet burning just so it can maintain various leverages of power.
Regardless of what the US does in this particular respect, the current economic philosophy is nothing short of disastrous on some key aspects and it needs changing fast, something that the US is determined to prevent from happening. As such, I suspect that there will be tremendous suffering globally regardless of this particular situation, having a so-called guarantor won't make much of a difference - it may very well be the opposite.
What worries me far more is environmental disasters. Large parts of insurance and accountability has disappeared with the arrival of the shadow fleet model.
Only a matter of time before some pristine coastline gets fucked by an oil spill and everyone just shrugs and ignores it