I have a theory, to the effect that impacts on you are determined by the magnitude of the news as well as an exponential decay of the distance.
To take an extreme example, if Godzilla were to show up and level Tokyo today, that would clearly be terrible but the actual impact on me is much less than that some roads nearby are closed because of a marathon.
Unless I can do something to prevent Godzilla, there is no reason to follow the news from far away, except the leftover limbic system of my brain that still thinks its 10000 BC and we are in a small hunter gather band.
For most of history humanity grew it's food locally, it depended on local items, got killed by local actors as you state. Each locality was its own anti-fragile little kingdom.
But this is no longer true and this is something we saw during covid. If a factory blows up in Tokyo that makes the live saving medicine/device that you depend on to keep surviving, it's no different for you than your city catching on fire. If all the crops die in some foreign place and you live in a food importing country, trouble is coming. If a war is blowing up ships then supplies you need for your business may not show up any more and bankruptcy could be on the menu.
To take an extreme example, if Godzilla were to show up and level Tokyo today, that would clearly be terrible but the actual impact on me is much less than that some roads nearby are closed because of a marathon.
Unless I can do something to prevent Godzilla, there is no reason to follow the news from far away, except the leftover limbic system of my brain that still thinks its 10000 BC and we are in a small hunter gather band.