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This Ain’t No Foolin’ Around

- James Howard Kunstler -

Jimmy, there has not been a real 'market' since CB's were allowed to exist. Certainly not since the Plunge Protection Team was brought on line in '09. About 100 years after the CB's formed.
You are both right and wrong when it comes to the re-industrialization of 'Merica. It won't be the same as it was, it will be vastly more efficient. What the USA does best, when the government gets out of the way, is innovate and disrupt. Look at the modern industrial revolution in Amazon, and SpaceX. 3D printing means nearly 0 length supply lines. This level of innovation is occurring in traditional industries as well, you just don't see it yet. Some will fail to adapt and will fall behind, as Boeing seems to be doing. New modes of doing things will emerge, as you have noted. Capital will flow into new growth as long as it is free to do so. Failure, of the old ways, is not just an option, it is necessary.

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Début de l'article :The shadow of Corona virus creeps ever-darker across the scene like a cosmic messenger from Karma Central telling mankind to stop and assess. We’re about to find out what we’ve wrought with the wonders and marvels of globalism. Is there anything you can think of over at the Wal Mart or the Walgreens that isn’t made in China? I mean, everything from a dustpan to a lint brush? I can’t say for sure, because I’m not over in China, but the place is apparently not open for business these days. One mus... Lire la suite

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