The End of the World Is Just the Beginning: Mapping the Collapse of Globalization

These are governmental restrictions on the removal of money from a country. The text predicts that some countries, such as China, Korea, and Russia, will impose capital controls as their populations age and investors seek safer outlets for their money.

This occurs when people “relocate their money […] to greener and safer pastures” (212). The US is already benefitting from capital flight out of China. The author anticipates that this trend would increase in an era of de-globalization.

According to Zeihan, capitalism is an economic system that leaves decisions of consumption and production, supply and demand, and technology and communication to market forces or in the private sector. The government has a “light touch” (70). This economic model is based on growth, which a de-globalized world would lack.