The decoupling of the US and China has only just begun
The past 40 years of world history have been built around globalisation and the rapprochement between the US and China. But that world is fast disappearing.
When a familiar and comfortable situation changes dramatically, the human instinct is to believe that things will soon get back to normal. The idea that life may have changed permanently is too unsettling to deal with.
We are seeing this mentality with COVID-19. We are also witnessing it as business responds to the downward spiral in US-Chinese relations.
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Financial Times
Gideon Rachman is chief foreign affairs columnist for the Financial Times. His particular interests include American foreign policy, the European Union and globalisation.
