The site isn't loading for me, but I disagree with the title.
Context matters, but without it, yeah I definitely disagree with the title.
who comes up with this shit?
I have no real idea what much of that is trying to say but:
This new industrial age is also beginning to reverse some of the secular macro trends of the past. Fractured supply chains are raising global prices, causing inflation targets to overshoot and interest rates to rise. Public and private money is flooding into manufacturing projects, irrigating firms dehydrated by the investment drought. Higher investment plans are also helping absorb the global savings glut, with global real interest rates rising by over 1 percentage point so far.
This seems like a bit of jargon - what is a secular macro trend?
Anyway, I kind of agree that investment into manufacturing and competition on that is probably good for everyone.
A secular trend or market is one that is likely to continue moving in the same general direction for the foreseeable future. Secular trends are contrasted with cyclical trends, which are affected by the boom and bust swings of the market.
A space race type competition for green tech that mitigates climate change and provides clean energy is the optimal east v west path.
TLDR;
"Most arms races leave no one better off. Today's race to reindustrialise is different. It may be just the impetus the world needs to break free of its economic and environmental torpor."
Fascinating macro economic analysis, I must think about it..
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