The Price of Nothing

The economy is being ravaged by inflation as well as supply-chain shortages.

2 Comments. Leave new

  • Wait until China, in response to the Pelosi taunt, announces it is withholding all shipments of merchandise to the US … that constitute a significant fraction of consumer purchases, itself 70% of the US economy.

  • alex_the_tired
    August 17, 2022 4:05 PM

    Wait until China? I mean, fair point, but the whole just-in-time system has well-known weak points, and the supply chain is no longer any stronger than its weakest link due to the elimination of a lot of redundancy.
    What happens when diesel supplies drop too low? Or too many drivers have gone broke due to the autophagic tendencies of late-stage capitalism?
    I keep thinking we will pretty much all be astonished with the rapidity with which the whole process simply falls apart.

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