"But history reminds us that the recent state of things is unlikely to last for generations. [[British]] and [[American]] industries were the global leaders as recently as the early 1970s. But where are [[Birmingham]]’s metal-working factories or [[Baltimore]]’s steel furnaces now? Where are the great cotton mills of [[Manchester]] or of [[South Carolina]]? By 1965, [[Detroit]]’s big three still had 90 percent of the US car market; now they do not have even 45 percent. Until 1980, [[Shenzhen]] was a small fishing village, when it became [[China]]’s first special economic zone, and now it is a megacity with more than 12 million people: what role will it play in 2050? **A mass-scale, rapid retreat from the current state is impossible, but the pro-globalization sentiment has been weakening for some time**." ([Location 2582](https://readwise.io/to_kindle?action=open&asin=B08SGC3TD3&location=2582)) --- **Tags** -- [[quotes]], [[data-analytics]], [[steelmaking]], [[textiles]], [[globalisation]], **Source** -- [[202412030828 - B - How the World Really Works]]