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Localism is the opposite of the right thing to do. Small, local businesses are the ones that are going under. Large, geographically distributed companies are th
by twblalock 7y ago
Localism is the opposite of the right thing to do. Small, local businesses are the ones that are going under. Large, geographically distributed companies are the most able to survive long-term shutdowns.
What we need is more globalization and more redundancy of supply chains, not less. When the virus hits a region we need to be able to shift production of essential goods to other regions, so we need to have manufacturing capacity in many places.
- fastball 7y agoGlobalism doesn't really encourage redundant regions – it encourages all production of a certain type of good to be done in a single region and then traded with other regions for maximum efficiency.
- twblalock 7y agoGlobalism encourages production of goods in multiple regions which are efficient at the production of a particular product. For example, globalization is why Toyota manufactures cars and car parts in 18 countries, rather than just in Japan. Under localism, Toyota would only manufacture in Japan.
- legolas2412 7y ago> globalization is why Toyota manufactures cars and car parts in 18 countries, Definitely not. It is because of tax incentives under protectionist policies. A perfect free-market globalized world would actually see cars being manufactured in just one place for maximal efficiency.
- cvlasdkv 7y agoIncorrect. A free-market globalized world (I shudder at calling such a world "perfect") would see cars manufactured at wherever gives maximal marginal gains. Which is what we've been seeing... Resources are finite no matter how much capitalism pretends otherwise.