Is Globalization Ending? Manufacturing Reshoring and Global Trade with Mike Steger, Part 2 (Ep. 74)

Why can an economy grow on paper while households and businesses still feel worse off? The answer may come down to productivity, wages, housing, energy, and how much the country still produces for itself.

In this episode, John and Alex Soutsos discuss globalization, Canada-US trade, and the future of North American production with Mike Steger, co-founder of Promethean Action and host of Promethean Overviews. They examine why Canada’s GDP can rise even as productivity and living standards fall, how tariffs and the USMCA could affect Canadian businesses, and why COVID exposed North America’s dependence on foreign manufacturing and supply chains.

The conversation also explores rising national debt, economic sovereignty, nuclear power for AI data centers, and whether the US dollar will remain the principal reserve currency. For Canadian physicians, medical professionals, business owners, and investors, it offers a closer look at the economic forces that could influence costs, purchasing power, business conditions, and long-term financial planning.

John, Alex, and Mike discuss:

Why Canada’s GDP can grow while productivity, purchasing power, and living standards decline

How tariffs, USMCA, and supply management could affect Canada-US trade and Canadian businesses

Why COVID exposed Canada’s dependence on foreign manufacturing and vulnerable supply chains

Whether nuclear power can support AI data centers, energy demand, and new industrial investment

And more!

Resources:

Is Globalization Ending? Manufacturing Reshoring and Global Trade with Mike Steger – Part 1 (Ep. 73)

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