7 Comments
Nov 16, 2021Liked by Emmet Penney

The Black Cascade is the most metal subject name ever! I must admit to having a bit of “Vorsorglicheschadenfreude” for this winter as we wait to see how bad this gets. Keep at it Emmet- this is awesome stuff.

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Thank you!!

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Nov 16, 2021Liked by Emmet Penney

A well written article, however I’m going to have to disagree with a lot of your points. A large part of the supply chain problems are due to politics and not some natural disaster.

Removing the tariffs imposed by trump would reduce the price of imports immensely. Reconciling Australia and China would resolve the coal shortage. Removing city restrictions would ease the congestion at ports. Reducing licensing requirements on truck drivers would… All of this doesn’t even require Congress. We’re in an age of abundance, shortages are political

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Thanks for the feedback David! If I made it seem like this was some sort of natural disaster, I failed my purpose. No doubt much of this is political--though I'm not sure the licensing requirements would be enough for trucking. Truckers I talk to point out that the wash-out rate would be high regardless. Regardless, it seems like much re-appraisal and reform are needed in many domains from many parties to your point.

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Nov 16, 2021Liked by Emmet Penney

Even Europe’s energy issues are relatively a non-issue *economically*. However it would need the EU to take lead of the market, https://socialeurope.eu/an-unorthodox-solution-for-europes-electricity-crisis

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Nov 16, 2021Liked by Emmet Penney

This is a good article. For me my takeaway is that economies became enthralled to neoliberal policy that said the market can do EVERYTHING. What we are seeing is that markets are really bad at doing some things. We as a community, by which I mean government, has to step up in some areas and say 'This is what is going to happen'

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Thanks Joe! And I agree we need to make some political decisions about the structure of our economy.

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