A Senate Commerce subcommittee hearing heard from witnesses who said worker shortages will ultimately be a drag on U.S. reshoring efforts. Pharmaceutical reps warned of high energy costs, which could add to import dependence.
China’s Zero Covid protests should persuade Washington, businesses, and consumers that dependence on China for manufacturing American goods will dull the shine off iconic American brands. Political risks are rising.
Inflation remains due to supply chain problems. From China’s Zero Covid to European energy costs, the price of outsourcing manufacturing is getting high. Why reshoring is an inflation curb.
The theory of free trade is so familiar and so often quoted, you might think there is ample evidence proving its accuracy. But there isn’t. In fact, there is scarcely any evidence at all. On the other hand, there is abundant evidence showing the theory is wrong. In an academic article recently published in the…
The “Green Revolution” promises to produce electric power in a climate-friendly, low-emissions manner for homes, businesses, cars, trucks and other vehicles. There’s just one giant stumbling block. All these clean-energy sources use large amounts of copper. Global copper demand is forecast to double between now and 2035. But copper supply may not keep up. If…