It is totally precise to say that the U.S. is addicted to squander and far-off sources of fundamentals.
The drawback of dependency is in the air. The U.S. has enabled itself to become dependent on other nations for fundamentals, a policy that I consider as a madness fueled by greed.
The issue with dependence is the expense can’t be computed till it’s far too late. Restoring independence is a massive, expensive undertaking, however if you wait up until the cost of dependence is clear to all, it’s too late to escape the collapse activated by the cut-off of fundamentals from other countries.
The delighted story of “open market” (there is no such thing) is that everybody wins. The truth is everyone loses other than business profiteers. The problem with selecting the wunnerfulness of “open market” by taking a look at the price tag is that all the real costs of dependency and profiteering are not in the cost on the tag: the “market” does not include those expenses because that would expose “free trade” as a catastrophically bad deal for the people whose country ends up being based on others for their essentials.
Missing out on from the “low, low rate” on the tag:
1. The destruction of quality and toughness due to planned obsolescence and reliance on substandard elements.
2. The environmental destruction in the developing-world autocracies which welcomed the poisoning of their water, soil and air as “growth.”
3. The inherent fragility of long, sole-source supply chains
4. Two generations of wage suppression as American workers were forced to take on a billion workers happy to work for low, insecure salaries as “better than absolutely nothing.’
5. Skyrocketing wealth and earnings inequality as the “winners” of reliance skimmed trillions in revenues as the quality of items and services dropped and wages stagnated.
No concerns, friend, here’s a base pay job on my $100 million luxury yacht.
6. The cost of depending upon remote sources for essentials.
The unmentioned context of dependency on far-off sources is that wasting resources is considered America’s bequest. Given that we quit making fundamentals as a waste of time, now we’re customers, and so it’s our “right” to waste as much as we want: we waste 40% of our food, energy, water, health care costs, and so on– and we get real huffy and defensive when this truth is explained: it’s our “right” to squander as much as want and not have to pay any rate for that wasting.
The presumption is the rest of the world exists to offer us things to waste. We now have a Garbage dump Economy: we buy low-grade items created to fail on credit, use the pretty-looking piece of scrap up until the cheapest part fails and after that we discard it in the land fill and purchase another– on credit, obviously.
Boo-hoo, we went out cash to waste, so print us up another couple trillion dollars to blow, Jay Powell– and make it stylish.
If you want to build back better, then we’re going to have to re-learn how to construct quality products here, not in a distant ecological wasteland. We’re going to need to cut our dependence on inferior elements and materials from abroad. We’re going to have to incentivize performance and resilience instead of waste, scams and profiteering.
The spoiled child screams, “I want more!” The adult comprehends life is a series of compromises. The true cost of our inefficient, fraud-riddled, dependent-on-distant-others Land fill Economy have been concealed because waste is simple (and oh-so rewarding) while compromises are hard.
It is entirely precise to say that the U.S. is addicted to lose and remote sources of essentials. Addiction has a very high cost and the withdrawal and healing is long and agonizing. There is no magic tablet. The something we know is the quicker the addict starts the procedure the faster the healing begins.
Ending up being dependent is insane. Staying dependent is much more crazy. I lay out a pathway to healing in my book Worldwide Crisis, National Renewal: A (Revolutionary) Grand Strategy for the United States.
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