Wednesday, February 19, 2020

Global Supply Chain Disruption

It appears the looming COVID-19 pandemic is disrupting supply chains around the world. Here are three reports on that phenomenon:

https://deutsche-wirtschafts-nachrichten.de/502357/Apple-war-erst-der-Anfang-In-den-globalen-Lieferketten-bricht-Chaos-aus [translation required]

and

http://theeconomiccollapseblog.com/archives/shocking-new-study-says-the-coronavirus-could-impact-more-than-5-million-businesses-worldwide

and

https://www.zerohedge.com/economics/which-supply-chains-are-most-risk-answer-one-chart

We have "globalism" to thank for this, a system which benefits mainly the rich and powerful at the expense of the rest of us. Is there any meaningful reason why the US and other countries could not produce everything needed to sustain their own economies? I don't have a problem with global trade per se, but when we become dependent on it we become susceptible to the very things we're now experiencing.

Are we going to learn ANY lessons from this? So far all we're getting is "don't be racist" and "don't worry, be happy".

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