We do know about the workings of the modern economy/world, global supply chains and every other single practical concept that has taken root. What I do question in a long while is whether or not the time has come to assess the very trading model we have happily built over the years.
All relevant input data are there, so too the wide-ranging consequences, painful to many and ultimately signalling the rapid rise of new economic powers and the demise of others. If the former is welcome it is the latter that should raise far more concerns. The volumes conveyed by the figures spell a great deal more than mere economics as delivered by capitalism in earnest. Eight words might accurately define it: maximise profit, minimise cost regardless of everything else.
What if Boeing decided to relocate its entire business to China for sound managerial reasons?
We've heard the arguments before with every decision made by whichever company.
Would that be OK in the larger scheme of things?
I say NO. It would further tilt America's already appallingly unbalanced trade relation with China just as the country expands significantly its fleet of jets over the coming decades.
This would then be the arithmetic consideration. What about every other whose relevance needs no telling?
It has become a permanent fixture in a country whose hefty US$18.5-19tn economy cannot indefinitely stomach it all.
Surplus countries/nations will never find fault with the current arrangement.
Should they swing into the red and they would be first in the line shouting foul.
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