> But the flip side of this story is one of risk. Each of these companies represents an important micro pinch point in the global economy. If we are now living through a new Cold War, and if that Cold War begins to affect global trade (this might already be happening) then
He missed an even more important point. That is, globalization's foundation is ultra-inexpensive shipping of raw goods, parts, and then finished product.
Long to short, globalization is dependent on the status quo fuel. That is oil. Lots of cheap oil. So the risk isn't simply from the bottlenecks and lack of economic diversity. It that globalization perpetuates a status quo that favors climate change.
He missed an even more important point. That is, globalization's foundation is ultra-inexpensive shipping of raw goods, parts, and then finished product.
Long to short, globalization is dependent on the status quo fuel. That is oil. Lots of cheap oil. So the risk isn't simply from the bottlenecks and lack of economic diversity. It that globalization perpetuates a status quo that favors climate change.