The economy is being ravaged by inflation as well as supply-chain shortages.
The Price of Nothing
Ted Rall
Ted Rall is a syndicated political cartoonist for Andrews McMeel Syndication and WhoWhatWhy.org and Counterpoint. He is a contributor to Centerclip and co-host of "The Final Countdown" talk show on Radio Sputnik. He is a graphic novelist and author of many books of art and prose, and an occasional war correspondent. He is, recently, the author of the graphic novel "2024: Revisited."
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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.
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.