The Case for Regionalism in a Post-Coronavirus World

[Motti]

The Case for Regionalism in a Post-Coronavirus World

COVID-19 has exposed the myopia and fragility underlying our worldwide supply chains. The first order of business, therefore, should be in ensuring the integrity of critical supply chains. Elected officials cannot play dice with basic necessities like food, medicines, clothing, public transportation, and the assorted nuts and bolts of daily societal functions. Supply chains should be shorter, less prone to exogenous risks, and must be dictated by long-term strategic imperatives rather than economics.

https://russiancouncil.ru/en/analyt...-for-regionalism-in-a-post-coronavirus-world/

COVID-19 has merely acted as an accelerant — and not the cause — of our foundering global economy. Even fears over a "second wave" will not prevent mass demonstrations, riots, and socio-economic paralyzes in our quixotic "future-proof" cities that are already trembling with the rage of many.

 

[Motti]

I agree with the author. Our global supply chains are in a mess. Being overly reliant on China as the "factory of the world" will only backfire. The problem lies more with the global oligarchy rather than Beijing. They wanted things for cheap and became even richer at the expense of society.

A COVID-19 second wave will truly see massive riots in all our major cities.

 

[hualushui]

Another brainwashing article written by a stupid author.
In fact, because the Chinese government has more higher management capabilities than other countries, the world's supply chain has further gathered in China. China’s exports have resumed and its economy has recovered, but other countries’ economies have closed and declined.
Anti-Chinese authors write articles based on imagination and never look at the real world

The whole world should be thankful that the supply chain is in China. If in other countries, due to supply chain breakage, these countries cannot produce enough medical supplies, the number of deaths has increased several times.

 

[Flash_Ninja]

I agree with the author. Our global supply chains are in a mess. Being overly reliant on China as the "factory of the world" will only backfire. The problem lies more with the global oligarchy rather than Beijing. They wanted things for cheap and became even richer at the expense of society.

A COVID-19 second wave will truly see massive riots in all our major cities.

Covid-19 by most estimates will only cause temporary disruptions to the global supply chain and within a year or so things will be running as they were before. So really no business is going to make the decision of raising prices during a huge economic slowdown just to sooth the american ego.

 

[Motti]

Covid-19 by most estimates will only cause temporary disruptions to the global supply chain and within a year or so things will be running as they were before. So really no business is going to make the decision of raising prices during a huge economic slowdown just to sooth the american ego.

The problem is not the supply chain per se but another Great Depression, also called the Greater Depression nowadays. Many Chinese factories might fold along with companies that make finished products elsewhere. Therefore, it makes better sense to start sourcing important products internally or within the region. That was the point I saw in the article.

 

[Flash_Ninja]

The problem is not the supply chain per se but another Great Depression, also called the Greater Depression nowadays. Many Chinese factories might fold along with companies that make finished products elsewhere. Therefore, it makes better sense to start sourcing important products internally or within the region. That was the point I saw in the article.

From what I hear though, China has managed the virus in a way where mass bankruptcies arent happening. They had issues early on but exports from China have resumed by now mostly.

Plus with the demand for all kinds of supplies spiking they might even stand to do quite well.

 

[Motti]

From what I hear though, China has managed the virus in a way where mass bankruptcies arent happening. They had issues early on but exports from China have resumed by now mostly.

Plus with the demand for all kinds of supplies spiking they might even stand to do quite well.

That's actually a moot point. I have personally sourced items from China even during the fag-end of the COVID-19 pandemic there while industries elsewhere closed down.

However, these products need a global market for Chinese factories to be sustainable and those markets are shrinking. All that talk about a V-shaped global recovery this year is pure bunkum.

 

[Flash_Ninja]

That's actually a moot point. I have personally sourced items from China even during the fag-end of the COVID-19 pandemic there while industries elsewhere closed down.

However, these products need a global market for Chinese factories to be sustainable and those markets are shrinking. All that talk about a V-shaped global recovery this year is pure bunkum.

It certainly wont recover this year, but the fact that virtually every nation has a multibillion "recovery plan" pumping money into their key industries should mean that trade volume should eventually return. As I have said companies wont want to risk raising prices during an economic downturn, and so will naturally turn to Chinese imports.

Obviously not every industry is equal and some (tourism, hospitality) may never recover but these arent the industries that Chinese exports depend on.