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But that's not the reality of both sides to that coin. The countries that produced cheaply were given that opportunity. The US (and others) have always had the
by windexh8er 4y ago
But that's not the reality of both sides to that coin. The countries that produced cheaply were given that opportunity. The US (and others) have always had the ability to make those cheap products, but countries (both competitive and unfriendly) still wanted to participate in globalization to get a piece of the pie.
It's coming to an end, yes. But there's more nuance to the why than what's outlined in the article. I've been more and more impressed with Peter Zeihan's book "The End of the World is Just the Beginning" which is predicted on explaining the building blocks of globalization over the last 50 years and how and why it's coming to (and has been for some time) an end. It's very obvious why the US wants and needs chips being made state side at this point. It's a matter of national security and a long term protection of the country.
I'd highly recommend the book, however [0].
[0] https://www.goodreads.com/book/show/58782897-the-end-of-the-world-is-just-the-beginning https://www.goodreads.com/book/show/58782897-the-end-of-the-...