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by 9rx
462 days ago
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> Countries could specialize and trade freely: I’d buy your chips, you’d buy my steel, and we’d both come out ahead. It worked. It worked until emotions entered the picture. "I don't like making chips. I prefer producing steel. Why do you get to have all the fun?" they've said for decades and with increasing furor. If you could move freely about the world without any restrictions so that those who enjoy steelmaking could easily move to where the steel is made maybe it would have had a better chance, but even then people generally prioritize location (to be close to family, friends, certain amenities, etc.) above all else so it is likely they would still seek a varied local economy despite the benefits of a global economy. |
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Who says this? TSMC?