How the US Navy Creates Prosperity & Why We'll Miss It | Gregg Easterbrook

Published: Dec. 6, 2021, 9 a.m.

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In Episode 222 of Hidden Forces, Demetri Kofinas speaks with\\xa0Gregg Easterbrook. Gregg was a staff writer, national correspondent, and contributing editor at The Atlantic and has authored thirteen books about a variety of subjects including climate change, globalization, philosophy, and American football.

Demetri and Gregg explore the subject of Easterbrook\\u2019s latest book, \\u201cThe Blue Age.\\u201d They discuss the extraordinary transformation of the international trading order that we\\u2019ve been living through over the last seventy years and the unique role that the US Navy and advancements in naval architecture and marine engineering have played in making all of that possible.

It\\u2019s difficult to appreciate just how unprecedented this long period of peace on the oceans has been and how extraordinary the deflationary pressures are that this peace has unleashed. It has also had huge implications for the expansion of credit, the reduction of volatility, and the growth in asset values in Western markets\\u2014topics that we\\u2019ve explored from a variety of different angles on the Hidden Forces podcast. What it might mean for our economies and for our lives if the Blue Age comes to an end is a question that is addressed directly during the first hour of today\\u2019s episode.

In the second half of today\\u2019s episode, which is available to premium subscribers only, Gregg and Demetri focus on the economic and geopolitical aspects of the Blue Age, the likelihood of conflict on the high seas, the incentives for and against it, and its consequences for the global economy. They also discuss some of the factors driving the current bottlenecks in global supply chains, the shipping industry\\u2019s contribution to this, and why Gregg feels that those bottlenecks will be largely resolved before the end of next year.

You can access the second part of this episode, as well as the transcript and rundown to this week\\u2019s conversation through the Hidden Forces Patreon Page. All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.

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Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

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Episode Recorded on 11/30/2021

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