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Old 03-07-20, 10:17 AM   #820
Skybird
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In the long run I see something posiitve coming from this. The era of unconditional optimism in globalization, is over. We have had a long time now when all the many disadvantages of it were simply ignored or denied. But there always have been at least as many loosers of globalization, as there have been winners of it, I think the total balance in the end has to be described as a negative sum. We will now see Western companies moving back production from China, Vietnam and other cheap-wages countries back to where it should have stayed.That important key areas of our production, that are of vital importance for our economies at home, come back to the West, is of utmost importance. Certain things must be produced in many diversified locations around the globe instead of just one centralised production campus that supplies all the planet - and if that place breaks down, then it pulls the rest of the world down along with it. Pharmaceuticals are the best exmaple, but there also are others.


Also, this will help to boost resistence to Chinese economic conquest.
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