3 ms·
>The solution's so obvious it's a farce. Just go back to what we were doing before! Global trade used to be expensive, and a lack of global trade seems to be a
by no_wizard 2y ago
>The solution's so obvious it's a farce. Just go back to what we were doing before! Global trade used to be expensive, and a lack of global trade seems to be a big piece of the puzzle as to why the economy was the way it was back then
Global trade became cheap with the advent of modern container ships and their containers. This happened well before the decline of the industrial base in the 1980s
It really came from lack of investments in the sector and poor industrial policy.