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submitted 2 weeks ago by fossilesque@mander.xyz to c/science_memes@mander.xyz

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[-] KillingTimeItself@lemmy.dbzer0.com 6 points 2 weeks ago

there absolutely is? What if i can buy hydrogen at 1$ per ton, from the hydrogen production empire, meanwhile in the manufacturing empire hydrogen is produced at 2$ per ton. Economically, it would make sense to buy that hydrogen from the hydrogen production empire.

It's not going to be as significant as a trade as something like coal and LNG obviously, but the market IS going to do this in some capacity. And it's a beneficial thing for everybody.

[-] jonne@infosec.pub 1 points 2 weeks ago

Sure, there'd be some arbitrage, but pretty much every country that has a functional government will invest in domestic capacity for strategic reasons. You won't have countries that have none at all and have to import everything.

[-] KillingTimeItself@lemmy.dbzer0.com 1 points 2 weeks ago

obviously not, and that's mostly going to be military contracts more than anything. Regardless, this doesn't change the economics here, if you can buy it from the hydrogen empire cheaper, and your business isn't the US military, then it doesnt fucking matter. Just buy it from them.

[-] jonne@infosec.pub 1 points 2 weeks ago

Strategic doesn't mean just military. It means strategically investing in this capacity so you don't get caught with your pants down when Russia turns off the tap and destroys your economy overnight. We're past the globalist world now, and if your country is still making decisions as if we are, you're not doing it right.

[-] KillingTimeItself@lemmy.dbzer0.com 1 points 2 weeks ago

that's only true if you're a trump supporter, it's absolutely true if you're not. There are most definitely concerns to be had, as there always are, but globalism is fundamentally good for the economy. There is no world in which this isn't true, so you should push towards globalism, even if there is some risk, because it will likely stabilize relations significantly.

[-] jonne@infosec.pub 1 points 2 weeks ago

The pandemic and Ukraine shows you can't just count on global markets in a crisis, and we're heading into a world with more, not less crises. Countries everywhere are onshoring critical industries, and the BRICS countries are working on getting off the dollar. That's happening whether Trump is President or not (and unfortunately he is).

[-] KillingTimeItself@lemmy.dbzer0.com 1 points 2 weeks ago

the pandemic was really the only significant player here, since it stopped world trade.

Sure russia is a fair example, but here in the US we barely felt it, and we did pretty quickly close up the trade problems.

i'm sure countries are moving away from it, and ensuring industry a bit, that's not surprising, it happens everytime. It's going to get outsourced later eventually. And they're not going to onshore every single industry either, it's simply not possible.