Far more than even the feckless politicians, it is our own business leaders who have brought us to this point. Many of them should be hanging from ropes for their treason in selling out the United States for their own personal gain. And the globalism fetish has directly led to a situation in which one company, TSMC, in one small island nation, has become so critical to the global supply chain that their demise could wreck the economy of every developed nation. Chasing ever-cheaper labor has put the world in peril. The United States is populous and resource rich enough to be a nearly self-contained economy. There is no excuse for farming out production of critical resources or components to other countries, especially when those items (such as semiconductors) have immense strategic implications.
Whatever happened to the idea of having many sources for goods so that competition could flourish? Instead, we’ve gotten this global supply chain that is littered with single points of failure.
All you say is common sense and true. But what rules our economy is Wall Street profits and stupid sellout hack politicians in DC who won’t even shut down our Mexican border.
Summary — Wall Street profits rule over all that you mention.
All good points. A wise post that people should have heeded long ago. Once greedy union labor in the US cost so much the capitalist narcissists uprooted our sources practically anything electronic or even manufactured, America became totally dependent on the outside world. One element such as foreign made chips can shut down assembly lines and auto sales all over the world. Same with rare metals or whatever they call them, found in certain places only but necessary to tech.