Because different environments yield different behavior. Just like in finance or business.
I feel like we've grown accustomed to a world where money is readily available (low interest rates), there's relative peace/safety, little trade friction, and we can ship things around the world cheaply.
Maybe we need to let the pendulum swing back a bit and do a little more manufacturing in the US? The problem is that it probably isn't economically viable except in times of crisis. So unless the federal or state government comes out and subsidizes it outright (something they do do in China, btw) it probably won't happen.
I do, on the other hand, think the last few years might be peak globalization. Wages are rising in China, there's more trade tension, and more environmental consciousness (shipping)...I'm no Trump supporter, but you kind of can see the outline of how some manufacturing might be coming back to the US.
There’s enough manufacturing capacity in the US to produce plenty of ventilators, masks, and and test kits.
But nobody took the warnings serious in January and connected enough dots to think of ramping up production. Even now, nobody seems to be in charge. There are manufacturers on Twitter claiming they’re ready to produce masks but are being asked to apply for certification by mail.
I feel like we've grown accustomed to a world where money is readily available (low interest rates), there's relative peace/safety, little trade friction, and we can ship things around the world cheaply.
Maybe we need to let the pendulum swing back a bit and do a little more manufacturing in the US? The problem is that it probably isn't economically viable except in times of crisis. So unless the federal or state government comes out and subsidizes it outright (something they do do in China, btw) it probably won't happen.
I do, on the other hand, think the last few years might be peak globalization. Wages are rising in China, there's more trade tension, and more environmental consciousness (shipping)...I'm no Trump supporter, but you kind of can see the outline of how some manufacturing might be coming back to the US.