This part confused me:
> bad public policy coupled with decades of corporate greed.
The article mentions a cascading set of changes that move from minor inconvenience (bicycle parts) to minor but more serious inconvenience (french fries being, however tangentially, "food"). Even then, there is no claim that the "have no potatoes" was for all ingredients, and no one went hungry did they? Unless I'm mistaken, no one in the west has yet starved as a result of all this. Happy to be corrected.
A restaurant I go to has variously been out of Lamb, Chicken and Sweet potatoes. I mean, the horror of being forced to eat normal potato wedges over sweet potato wedges was too much for me, but AFAICT I'm still alive.
So it seems like, as you point out, the system has failed to produce the outcome people claim not to want - huge choice variety and abundance - but has instead produced slightly less than huge choice variety at some moments in time. I'm not sold that's a disaster.
Yeah, the ship has a hole which visibly widens, but we are not underwater yet, so that's not a disaster.
What point about reality is it making?
Are people standing in line for toilet paper or bread?
The sum total of that disruption has not yet burned through our buffer, though it has caused a noticeable rise in prices. However, it is not wise to wait for our buffer to be entirely gone before being willing to identify the problem.
It might be more than it was a month ago, but it seems to me that we had worse disruption earlier in the pandemic than we have right now.
Before globalized trade each country had more local manufacturing.
If you’re a de—growth proponent it should never have been available. The supply chain crisis is one of the best things that’s ever happened.
But if you think it’s actually bad, what’s the argument here? It would be better to have always lived as if in the jaws of a disaster, to avoid the hedonic adjustment when one actually strikes?