Before crisis, companies can react to increased demand in a very smooth manner. Then if demand goes up, they will respond by increasing their supp i may be pulling some more workers into the factories that they are operating. If these supply chins are broken not only for one company, but across a whole range of companies then this could create a situation where prices go up even more than costs have gone up. And it might switch from being a system that has driven consumer prizes in the us down to being aSystem that enables the the sudden increase in prices.
Rupert Russell and Isabella Weber discuss Russell's book Price Wars: How the Commodities Markets Made Our Chaotic World and also the current politics of inflation.
Listen to Weber discuss her book How China Escaped Shock Therapy: thedigradio.com/podcast/how-china-escaped-shock-therapy-w-isabella-weber/
Look at Rupert's precious puppy: twitter.com/rupert_russell/status/1511428696409837573?s=20&t=OPVNgfXuokFY6ZQYRkxe4g
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