The last episode of free trade and globalization ended in WW 1.This current episode may end in much the same way.
The GFC is just a symptom of a cancer in metastasis.The cancer is in the form of a pyramid of virtually insoluable problems ranging from population overshoot through environmental destruction to resource shortage.

As in the 20s and 30s,the ideologies of globalization and free trade will be among the first casualties.A national government must protect it's own people,first and always.Otherwise it loses legitimacy and power.

American forefathers and foremothers arrived in New England and expanded to the West. When they arrived at the Pacific coast, they still had China to go; they found Japan accidentally on the way. When we arrive at the rim of the world, where else do we have to go?

Michio Morishima said that it was a pity that economics as we have it today had its origin in the 18th and 19th Scotland and England, and Paul Samuelson that there was opitimism in American economics as it refused to see Malthusian limits.

We are already fellow travellers on the same boat. We've got to get together and work out a new coalition for the already globalized world. Unnan City, Japan

Globalisation will not need government action to be ended.
It will wither on the vine as the costs of transport across oceans
rises to the point where the transport cost exceeds the labour cost
difference.
The steel and furniture industries in the US have already been
restored because of the current price of bunker fuel.

There will also at some time be the extra charges of CO2 put onto
the import of goods.
I can suggest a book by a Canadian economist Jeff Rubin available
from on line shops called "Your World is About to Get a Whole Lot Smaller"
The book is about globalisation and its imminent ending.
At present there are thousands of container ships laid up in Europe
and Asia with virtually no hope of of ever putting to sea again.

AS the price of oil rises the costs of transport on goods with low
value densities will have their manufacture diverted to the country
of eventual sale.

Have a look on Utube for Jeff Rubin there are a number of lectures
that he has given to conferences available there.

Bazz, thank you. But what a title of a book you have suggested to read!

Yes Michi, it takes up nearly all the cover.
If you have a look on Utube let me know what you think about it.
Cheers

Bazz, the lectures were scary. Our society cannot be run wihout energy, and oil is the main source of it; therefore it is one of the few key commodities. If its price goes up, its impact is pervasive. So far is easy for me to understand.

I think the problem that Mr. Rubin raised carries us far deeper. I will read that scary book you suggested. I would like to suggest to you Emanuel Wallerstein's Historical Capitalism.

I wanted to say "the 18th and 19th centuries' Scotland and England" in my first post.