The Pandemic Does Not Demand Government Micromanagement of Global Supply Chains
The Reality of American Manufacturing and Pandemic Resilience Contrary to conventional wisdom, there is little evidence of systemic weaknesses in the United States’ “industrial capabilities” (i.e., the ability to produce the goods that the country needs in times of war or other national emergency)—the metric that, along with access to similar capabilities abroad, the Department of Defense considers critical for national security. In fact, the U.S. manufacturing sector remains among the most productive in the world and is a global leader (see Table 1). The sector’s health is perhaps...
Source: cato.org