Is it? I don't know if there's a concrete way of measuring "amount of globalization", but I'd guess that right now we're probably the most globalized we've ever been. "More things that you use are made outside your own country" has only been growing, and with the advent of full remote companies that also includes much more software than before -- it used to be that only huge corporations would offshore software development, now everybody can do it.
When the Soviet Union broke down 30 years ago the US decided the biggest worries were small countries (Iran in particular), and things like 9/11 proved they were right. However Russia is now attacking Ukraine and many think that countries like Poland or Latvia (both in NATO) are next. China is setting up so that they could take military action to take Taiwan, and other countries in the area. Nobody knows for sure if either of these predictions will come to pass, but there are signs that should worry you.
If you look at the US in particular the relative value of imports and exports is down about 30% from the peak 10 years ago. That's a big change for such a short duration
Edit: Nevermind, it did reach a new record of 63% in 2022. Globalization seems to be doing fine. https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS
Was the US federal government previously funding fab development in China?
That is to say, it seams like this investment is to meet a very specific need, and wouldn't have happened otherwise. Similarly those paying aren't the same either.
Physical goods are much more complicated to move around the globe than code
Would you mind listing all the naval security commitments - from the Bretton Woods era - that the US has withdrawn from (eg over the past decade or so, anything relevant to "continues to")?
I'm not aware of any meaningful reduction in US naval security commitments. If anything the US is as busy as ever with its global naval security efforts. It's hyper busy everywhere: from Latin America, to Australia, to Europe, to the Middle East, to Asia.
The notion that the US has stepped back at all is entirely unsupported by the actual facts. It's just a weak myth being posted endlessly since Trump began spouting isolationism in 2015-2016. Meanwhile, in actuality, the US just spent another hundred billion dollars on a foreign war in two years.
40 years ago the US Navy was equipped and staffed to patrol the global oceans. Now, the US has a relatively few massively powerful forces of naval power projection but is woefully understaffed and under-equipped to maintain the global order against multiplying chaos. This is unlikely to change at all let alone be fast enough to influence outcomes. Growing sentiment after decades of the war on terror is for the US to be hesitant to intervene internationally, and while that isn’t current policy it’s predictive of future policy. It’s not at all clear that it would be popular in the USA to, for instance, go to Moldova’s defense.
> the US just spent another hundred billion dollars on a foreign war in two years.
The vast majority of this was accountancy fictions about the value of stockpiled obsolete materiel we couldn’t sell but had to pay to maintain or pay to scrap. We have demonstrably not gone all in on supporting Ukraine and Congress is currently strangling any attempt to do so. This is another sign of the US inevitably devolving into an unreliable defense partner.