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The reason for pre-pandemic masks being mostly made in India was because it was a very low profit business that basically protected the many small-medium size i
by PedroBatista 5y ago
The reason for pre-pandemic masks being mostly made in India was because it was a very low profit business that basically protected the many small-medium size incumbent who already had the machinery, know-how and connections.
Once the demand goes to levels similar to 2019 and the supply-chains stabilize, no business can escape the realities of the market unless they somehow manage to undercut the competition on price even more, which in this case is almost ridiculous.
- mumblemumble 5y agoIt's very common for businesses and industries that governments deem to be strategically important to be protected from market forces. Market forces are not a moral obligation, nor are they an invitation to put a huge "kick me" sign on your back, stand in front of some proverbial John Galt, and let nature take its course. They're just a description of how things tend to naturally work out in the absence of intervention.