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- Jan 21, 2017
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When I say this I am focusing on the "off shoring" aspect of things. For example with the current outbreak of things, we have seen that it would have been best if we had manufacturing of medical equipment here in the states. So, from this, wouldn't it be the best thing for the United States to apply pressure for corporations to return many of their factories and manufacturing jobs back to the states? I am all for free markets, I just think that it would make more sense for us to be able to expedite certain sectors of our economy in a crisis like this. It would also allow for better control of supply and demand by the market, more job growth, and from those two better economic stimulus.
No, globalism isn't dead. The lesson we should learn from this episode isn't that we should make everything here. It's that we shouldn't depend on one supplier, in this case China, for almost all of our needs. The safety is in diversification of sources. Don't ever put your eggs in one basket.