A new balance
It is already commonplace to say that coronavirus has brought the age of globalization to a shuddering halt. How silly it suddenly seems for production to be held up at a factory in Ohio for want of a 50-cent part normally imported from China. Months after the first COVID-19 deaths in America, we are still waiting for urgently needed Chinese medical supplies. Americans are going without pork or beef, but Chinese-owned US meat processing plants are exporting carcasses to China. Something seems to have gone wrong with almost everything. The global supply chain has us in domestic and strategic knots. As a result, the idea of national self-sufficiency, which had already been growing since the financial crisis of 2008, is suddenly in high fashion.