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The New Attacks on Globalization

Cato Podcast

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The Pandemic of Globalization

The idea that one free markets are incredibly robust and they adjust quickly to changing conditions is paradoxical. The lesson that we should have learned from the pandemic was not that global supply chains are fragile in themselves, he says. We shouldn't put all our eggs in the same geographical basket because when problem strikes there, then everything falls apart. However, the politics that we are all dependent on, the freedom to go on adapting and readjusting supply chains, that Politics is fragile and it's dependent on the support by politicians and government to keep markets open even in times of trouble.

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