economy
Just In Time, System Could Come To A Grinding Halt
Are we about to experience an economic collapse?
TL;DR
- A compounding crisis connects energy chokepoints to crop yields and medicine supplies.
- Iran's closure of the Strait of Hormuz has halted a significant portion of global seaborne fertilizer trade and urea supply.
- The 'just-in-time' global system, built on cheap energy and efficiency, is vulnerable.
- The author advocates for stocking resources, demanding domestic resilience, and accepting difficult truths.