The End of the World Has Just Begun: No policeman
By Daniel Chung | October 14Of the points raised in my last piece concerning the origins of the globalized system, the most relevant to today’s affairs may be the fact that free trade has sprung up under American auspices — particularly the exertion of naval supremacy as the U.S. Navy underpins 90% of global commerce, or over $4.6 trillion worth of trade. However, the lack of a navy with true supremacy in our global system furthers the argument that our experiment in globalization is doomed to fall apart. This article will, consequently, serve as a review of global navies and their ability to protect the sea lanes of trade and communication.