The New Normal: De-Globalize, Re-Localize

Everyone is struggling to define what the New Normal will be once we get out of the current Great Recession. I’d like to start a conversation about what the elements will be for that New Normal value paradigm. How much the US and the rest of the world change depends on two factors: 1) how long the deep recession lasts (the Great Depression lasted over a decade, long enough to seriously change attitudes and values); 2) the price of energy (the higher it goes, the faster and deeper we transition off carbon to a greener economy). We must await the development of the two factors of influence.

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