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

Is globalization ending, and what could reshoring manufacturing mean for physicians, business owners, and investors? How could shorter supply chains affect business costs, economic growth, and investment markets?

In this episode, John and Alex Soutsos discuss globalization with Mike Steger, co-founder of Promethean Action. They examine why manufacturing moved overseas, what supply chain disruptions revealed, and whether advanced production can return to North America. They explore how robotics, artificial intelligence, base load energy, intellectual property, China’s industrial growth, and the post-Bretton Woods trading system could affect corporate earnings, business planning, and investors. This first part looks at how the system developed and sets up what comes next.

John, Alex, and Mike discuss:

How corporate influence and lower labor costs encouraged companies to move manufacturing production offshore

Why global supply chain disruptions exposed economic vulnerabilities across North America during the pandemic

How robotics, artificial intelligence, and advanced production could support manufacturing reshoring efforts

Why domestic manufacturing can strengthen innovation, protect intellectual property, and support higher wages

How reliable base load energy, China’s industrial growth, and Bretton Woods shaped global trade policies

And more!

Listen to Part 1 to learn why manufacturing moved overseas, what reshoring could mean for businesses and investors, and which economic questions will carry into Part 2. Follow Prescribing Prosperity so you don’t miss the rest of the conversation.

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