Reshoring

Davos and the showy ruthlessness of the new ‘far center’ 

There has always been a section of the establishment which thinks that the solution to populism lies in a great straightening-out of the populace. Populism is happening because people are bored, they say, so conscript them, get them off their phones, give them things to do – especially the young. It is only through collective struggle and sacrifice, it’s thought, that liberal democracy may find coherence and purpose again after 30 years of supposed ennui.  This part of the liberal center is happy enough to wave the flag. Indeed its main tactic is to accuse its opponents of national treason. It affects to agree with the populists that a new age of expediency has now opened, and that the establishment must now meet it with a ruthlessness of its own.

Carney Macron far center

Biden’s supply chain plan is a step in the right direction

Before the Industrial Revolution, all manufacturing was local as transportation costs were prohibitively high, unless the goods could be shipped by water. Every town had its own cobbler to make shoes, for instance. With the coming of the railroads in the mid-19th century, national markets could develop. A shoe factory in Worcester, Massachusetts, could now be competitive everywhere. This led to vast economies of scale, bringing down the price of goods and thus increasing the demand for them. After World War Two, global trade increased by orders of magnitude, thanks to both the great lowering of tariffs and other trade restrictions and to the invention of the shipping container.

lithium supply chain