(Recorded September 18 2024)
Over past decades, abundance and peace have become the prevailing narratives in modern societies. The reality, as usual, is both more nuanced and more complex. Today, our financial and material wealth exists in parallel with declines in natural and social capital. Similarly, recent decades have caused us to become uber dependent on global ‘just-in-time’ supply chains. The unexpected exploding pager incident in Lebanon earlier this week throws the durability of, and trust in global supply chains in a new light. The benefits we've enjoyed from the 'guns and butter comparative advantage' of globalized trade, might also be at risk of decline - and is suddenly something we shouldn't take for granted.
This is a companion discussion topic for the original entry at https://thegreatsimplification.libsyn.com/weakest-links-depletion-supply-chains-and-trust-frankly-71