this post was submitted on 03 Sep 2023
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I laughed at the anti-globalists in the 90s. I now realize they were right and I was dumb.
Redundancy and self-sufficiency are wayyyyy more important than economic efficiency.
Globalization is a good thing. If nations are involved in mutual commerce and trade, that cements relations and facilitates understanding and peace.
What went very wrong was greed. Every single corporation in the world moved to capitalize on China's cheap labour and plentiful workforce. And that provided a lot of power for China and other nations, power they are now capitalizing.
The CoViD scare, with the commercial chain of supply broken, was an harsh recall that having thw entire production sector on the hands of a few of countries comes at a steep price.
Let's reindustrialize. Spread production, have redundancies, competing entities.