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There is a surge in support for economic nationalism due to this pandemic citing lack of medical supplies as the reason. However while if everyone had their ow
by erentz 7y ago
There is a surge in support for economic nationalism due to this pandemic citing lack of medical supplies as the reason.
However while if everyone had their own factory meeting their own regular needs that would mean everyone gets a fairer share at the moment. It wouldn’t mean everyone gets 100% of their needs, because demand is through the roof. (Yes there is some scaling up that could be done, but point still stands).
It also doesn’t seem an automatic given that while some industries should be viewed as critical for security reasons, that all industries must be local.
It seems there’s need for much more nuance to this. Countries need better cooperative systems for handling such events as part of negotiating trade treaties. A kind of economic NATO (for a probably terrible analogy).
- geomark 7y agoRight. You don't want a standing army to address every potential pandemic or other catastrophe. You DO want the ability to repurpose and scale up existing production resources to address face the surprise. You would want to develop competency in massive scaling rather than just some scaling.