I'm not sure we do. Right now this supply side sux but it will likely be fixed in a few years no doubt.
The risk if we bring an overly heavy hand of government is greater issues on other areas. Sure they'll make sure computer chips are available but maybe at twice the price or half the quality as factories just need to hit volume numbers, or potential to. It might stop new entrants as e.g. now they have to build a factoryfor twice the actual sales capacity and that cost doesn't make sense. And surely a bunch more.
I do think certain items should be deemed essential and local production encouraged, off the cuff but 30% needs to be domestically sourced type thing. Like what we saw with medical equipment in the early days of covid. When times get tough, countries get selfish fast and a nation needssome level of protection for adverse events. But forcing business to over deliver capacity seems likely to bring in a whole other level of issues and likely cronyism.
At least in my non-expert view we shoot should ensure the most basic survival items like food, essential medicine and energy have significant redundancy. After that, we need to take the risk to allow capitalism to do what's its best and and create efficient production or I suspect we will being greater issues in replacement of the ones we solve.
The risk if we bring an overly heavy hand of government is greater issues on other areas. Sure they'll make sure computer chips are available but maybe at twice the price or half the quality as factories just need to hit volume numbers, or potential to. It might stop new entrants as e.g. now they have to build a factoryfor twice the actual sales capacity and that cost doesn't make sense. And surely a bunch more.
I do think certain items should be deemed essential and local production encouraged, off the cuff but 30% needs to be domestically sourced type thing. Like what we saw with medical equipment in the early days of covid. When times get tough, countries get selfish fast and a nation needssome level of protection for adverse events. But forcing business to over deliver capacity seems likely to bring in a whole other level of issues and likely cronyism.
At least in my non-expert view we shoot should ensure the most basic survival items like food, essential medicine and energy have significant redundancy. After that, we need to take the risk to allow capitalism to do what's its best and and create efficient production or I suspect we will being greater issues in replacement of the ones we solve.
reply