In the macro view, allowing the growth of uncontrolled gov't regulation was the wrong move. Garret's book, "Ex America", in the 1930's, correctly nailed the revolution that took place.
Unfortunately, that ship has sailed, so inordinate amounts of pain and suffering will be the things that will "fix" this.
When the repellent mass man and mass woman can't charge their iDevice in order to poast and virtue signal on social media, then we might move in the right direction.
not to worry. When we colonize Mars we can exploit the abundant supplies of unobtainium located on that planet. Two of the main properties of Unobtainium aside from it's many unique properties are that it is stronger than aluminum and lighter than steel
1. "The energy crisis that started in Europe has spread into China, and authorities there have taken draconian steps to curtail industries that require substantial energy to operate”. There is no energy crisis in China. There was a brief interlude when, after removing 1 billion tonnes of coal from production each year since 2015 and simultaneously encountering an early winter AND an unprecedented manufacturing boom that supplies were tight. But everything's back on track as China is adding more renewable generating capacity each month than the rest of the world combined.
2. "Allowing China to abuse its environment so it can flood the world with cheap goods and put our manufacturers at a terminal disadvantage is dumb policy”. China has never abused its environment the way we abused ours. They have nothing to match our 1100 toxic Superfund sites. They consolidated rare earth and magnesium mining SPECIFICALLY to protect the environment.
As usual, an excellent article Doomberg. China has really decimated the manufacturing landscape in both the U.S. and Mexico, where I have lived for more than 30 years. however it's worth remembering how it is they got admitted to the WTO and what country lobbied almost as hard for China"s ascencion to that organization as China itself. That country would have been the US and they beat-up on Mexico until The Mexican president relented and signed to allow China to join in December of 2001, I believe it was. Mexico was the last signature needed and the US threatened it with trade sanctions if it didn't comply wirh it's wishes. Immediately the manufacturing jobs started leaving Mexico by the thousands and China became exactly what the US. wanted it to become...a cheap manufacturing platform for western manufacturers. Don't blame China. Blame ourselves and Wall Street.
Western Magnesium - ticker MLYF is working to bring magnesium production back to the US using a clean, non-toxic, low energy production process! www.westernmagnesium.com
I see the fundamental issues here as being how does the planet deal with dwindling natural resources and also keep our environment livable. In the past shrinking resource bases have often been the cause for war. Lately, it seems that the sound of the war drums is increasing in volume. Do you think that many in the western industrialized world or the emerging economies would willingly accept a lower standard of living to begin solving this problem?
Doomberg has done a great job of identifying many problems we are facing as we are transitioning to greener (less reliable and efficient) energy.
It is claimed that it is done in the name of science, but I would more accurately call it superficial science. It does not stand up with any serious analysis.
Doomberg, I'd be interested in seeing a thorough and thought out writing from the team on how to handle some of these topics on a policy level - state subsidies, tariffs, etc. It seems that the policies of both political parties are designed to war against each other for maximum failure; unions raise labor costs without the focus on actually producing goods, while the "free market" religious mantra almost always assures that we'll be undercut by states and locals with lower living standards, lower environmental standards, willing to state subsidize, and/or willing to engage in currency manipulation.
Obviously, its a complicated topic! One worthy of the Doomberg team!
It will be interesting to see if China begins to pivot away from this strategy of employment at any cost (to the environment, profit margins, etc) now that their labor pool is shrinking. As communists they have been focused on full employment for the last 30+ years, but now it seems like that is shifting to a focus on other priorities (cleaning up the environment, producing more domestic products) for their new consumer class. Perhaps we will see more realistic prices for these vital commodities and producers in other parts of the world can begin to compete once again? After what we have experienced over the last 2 years, it seems like we should have learned that having one supplier for most things is a bad idea. But what do I know...
In the macro view, allowing the growth of uncontrolled gov't regulation was the wrong move. Garret's book, "Ex America", in the 1930's, correctly nailed the revolution that took place.
Unfortunately, that ship has sailed, so inordinate amounts of pain and suffering will be the things that will "fix" this.
When the repellent mass man and mass woman can't charge their iDevice in order to poast and virtue signal on social media, then we might move in the right direction.
Good one
not to worry. When we colonize Mars we can exploit the abundant supplies of unobtainium located on that planet. Two of the main properties of Unobtainium aside from it's many unique properties are that it is stronger than aluminum and lighter than steel
Interesting article! Two niggles:
1. "The energy crisis that started in Europe has spread into China, and authorities there have taken draconian steps to curtail industries that require substantial energy to operate”. There is no energy crisis in China. There was a brief interlude when, after removing 1 billion tonnes of coal from production each year since 2015 and simultaneously encountering an early winter AND an unprecedented manufacturing boom that supplies were tight. But everything's back on track as China is adding more renewable generating capacity each month than the rest of the world combined.
2. "Allowing China to abuse its environment so it can flood the world with cheap goods and put our manufacturers at a terminal disadvantage is dumb policy”. China has never abused its environment the way we abused ours. They have nothing to match our 1100 toxic Superfund sites. They consolidated rare earth and magnesium mining SPECIFICALLY to protect the environment.
As usual, an excellent article Doomberg. China has really decimated the manufacturing landscape in both the U.S. and Mexico, where I have lived for more than 30 years. however it's worth remembering how it is they got admitted to the WTO and what country lobbied almost as hard for China"s ascencion to that organization as China itself. That country would have been the US and they beat-up on Mexico until The Mexican president relented and signed to allow China to join in December of 2001, I believe it was. Mexico was the last signature needed and the US threatened it with trade sanctions if it didn't comply wirh it's wishes. Immediately the manufacturing jobs started leaving Mexico by the thousands and China became exactly what the US. wanted it to become...a cheap manufacturing platform for western manufacturers. Don't blame China. Blame ourselves and Wall Street.
Western Magnesium - ticker MLYF is working to bring magnesium production back to the US using a clean, non-toxic, low energy production process! www.westernmagnesium.com
I see the fundamental issues here as being how does the planet deal with dwindling natural resources and also keep our environment livable. In the past shrinking resource bases have often been the cause for war. Lately, it seems that the sound of the war drums is increasing in volume. Do you think that many in the western industrialized world or the emerging economies would willingly accept a lower standard of living to begin solving this problem?
Would industrialized hemp products be a viable replacement?
Great read Chicken...how long did it take you to decide if the mustache goes above or below the beak?..
Doomberg has done a great job of identifying many problems we are facing as we are transitioning to greener (less reliable and efficient) energy.
It is claimed that it is done in the name of science, but I would more accurately call it superficial science. It does not stand up with any serious analysis.
Doomberg, I'd be interested in seeing a thorough and thought out writing from the team on how to handle some of these topics on a policy level - state subsidies, tariffs, etc. It seems that the policies of both political parties are designed to war against each other for maximum failure; unions raise labor costs without the focus on actually producing goods, while the "free market" religious mantra almost always assures that we'll be undercut by states and locals with lower living standards, lower environmental standards, willing to state subsidize, and/or willing to engage in currency manipulation.
Obviously, its a complicated topic! One worthy of the Doomberg team!
It will be interesting to see if China begins to pivot away from this strategy of employment at any cost (to the environment, profit margins, etc) now that their labor pool is shrinking. As communists they have been focused on full employment for the last 30+ years, but now it seems like that is shifting to a focus on other priorities (cleaning up the environment, producing more domestic products) for their new consumer class. Perhaps we will see more realistic prices for these vital commodities and producers in other parts of the world can begin to compete once again? After what we have experienced over the last 2 years, it seems like we should have learned that having one supplier for most things is a bad idea. But what do I know...