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Know thy enemy
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this post was submitted on 04 Nov 2024
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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).
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.