3 ms·
What makes that dubious? It makes this advantage rest on a single factor, but the advantage is still there, no?
by ambicapter 2y ago
What makes that dubious? It makes this advantage rest on a single factor, but the advantage is still there, no?
- CoastalCoder 2y agoI'm the furthest thing from an economist, but I'm guessing that it feels like we're in a vulnerable position. I.e., that it indicates our "wealth" could be pulled away from us on very short notice. Contrasted to, e.g the wealth being from sales of some commodity that the rest of the world will need for the next decade: crops, certain metals, or (maybe) oil/LNG.
- sickofparadox 2y agoWell the US is a net exporter on oil and LNG, pretty much even on agriculture and every few months a new "world's largest deposit" of some critical material article comes up.[1,2] So I think we really are debating whether the chicken or the egg came first, and the answer is that dinosaurs were laying eggs before chickens started clucking. [1] https://finance.yahoo.com/news/worlds-largest-deposit-lithium-may-231936498.html https://finance.yahoo.com/news/worlds-largest-deposit-lithiu... [2]https://www.theearthandi.org/post/estimated-2-34-billion-metric-tons-of-rare-earth-minerals-discovered-in-us https://www.theearthandi.org/post/estimated-2-34-billion-met...