The past ten weeks have transformed the United States of America in ways that many had not imagined, with the sweeping and far-reaching changes in its tariff regimes, announced on Thursday, threatening to upend the global economic order. This, as economists of repute point out, may well be the end of the era of globalisation in the sense that it prevailed in the past few decades, at least since the Bretton Woods system set up in the aftermath of the Second World War collapsed in the early 1970s. The global economic transformation will unfold as time passes, more rapidly now than back then, but there is no doubt that the economic changes will trigger political transformation too, or have already triggered them, at least in the USA. The Mecca of democratic capitalism, or........

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