Sunday, March 22, 2020

Is the Coronavirus Crisis an Argument against Globalization?

I doubt it. The problem isn't globalization; the problem is single-sourcing. Getting all of your surgical masks from Wuhan is as bad as getting all of your cars from Detroit or all of your government from Washington.

Most of the time, anti-globalists are defending getting all of your cars from Detroit.

On the other hand… This particular crisis is not an argument against globalization but it is also not much of an argument for globalization. A typical crisis goes wrong in just one area, so it's possible for other areas to make up for the resulting deficiencies. When something goes wrong all over the world, you can't always do that.

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