Supply chain

Pete Buttigieg’s high class problems

It’s time for Pete Buttigieg to truck off down the road from the Department of Transportation — if, that is, he turns up for work again and can find a driver. It’s shameful even by the standards of the federal government for the head of a department to disappear during an emergency. It’s ludicrous for a technocratic Democrat in a technocratic administration. The smart set are explaining away the supply-chain fiasco as middle-class false consciousness. ‘Most of the economic problems we're facing (inflation, supply chains, etc.) are high class problems,’ says Ron Klain, Biden’s chief of staff. That’s right, Ron: if the peasants can’t find vegetables on the shelves, let them eat the rich.

buttigieg

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