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Newest Reality

(12,712 posts)
2. Yikes.
Sun Sep 6, 2020, 07:18 PM
Sep 2020

The ramifications of our current dilemmas are starting to show more now.

I am expecting cascading system failures of many kinds as we continue into this crisis, especially since little to nothing has been done from the top to forestall some of the problems, other than a paltry, one-time stimulus to consumers, a boost in UI benefits that has expired and lots of shoring up of the markets/corporations.

The reason I expect those failures is that things are complex and interrelated to the point that the effects ripple out and lead to results we don't necessarily expect. An example is that, if a automobile plant were to close down the many suppliers would be impacted as well as supportive services, etc.

Normally, the results can be diverted, re-routed, contained or absorbed, but we are now experiencing a systemic version of that. I imagine that there are more supply-chain disruptions in store that will have a radiating effect, especially considering the JIT system and Neoliberal policies that don't encourage resilience and long-term planning in prevention of potential shortages and such. It is simply not profitable in that economic model from what I understand.

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Wondered when one of these stories would pop. Wellstone ruled Sep 2020 #1
Yikes. Newest Reality Sep 2020 #2
Latest Discussions»Issue Forums»Economy»Suppliers reluctant to sh...»Reply #2