'Globalization has failed' the United States, US Commerce Secretary Howard Lutnick argues

Globalization has failed the Western industrial base by prioritizing cheap labor over national sovereignty, leading to the hollowing out of essential sectors like medicine and semiconductors. The "America First" model proposes a shift toward domestic worker protection and resource independence, arguing that a strong, self-sufficient United States serves as a necessary anchor for global stability. While the United Kingdom shares this focus on "securonomics" and building resilient supply chains, smaller economies must balance national interests with strategic reliance on allies for critical minerals and trade. The UK prioritizes a specialized industrial strategy focusing on life sciences and financial services rather than broad semiconductor manufacturing. Ultimately, while the specific solutions for economic security vary by nation—ranging from American energy independence via fossil fuels to British investment in wind and nuclear power—the collective goal remains weaning the West off dependencies on adversarial nations to ensure long-term geopolitical stability.