Yet more elsewhere

The final piece from Monday’s blitz:

This conceit works the other way around, of course. It’s not possible for us to examine our supply chain. Because once we get past a level or two, that supply chain is the entire global economy. For example, if my hip replacement was done by the NHS with these child labor-derived tools, then your reading material (this article) used child labor in its supply chain.

The current movement that we should all be checking our suppliers fails for the same reason that central planning did last time around: We simply cannot examine the global economy in enough detail to find out who is doing what and where.

5 comments on “Yet more elsewhere

  1. Don’t worry, someone’ll be along in a minute to mention Walmart, IBM, and blockchain.

    Though it’ll probably be mainly blockchain.

  2. ‘We simply cannot examine the global economy in enough detail to find out who is doing what and where.’

    We must try!*

    ‘So the goal is to get the currently poor countries, where those horrors still exist, over the hump and into the sunny uplands of being too rich a place for them to exist.’

    Careful, Tim, you are nearing neocolonialism.

    And ‘horrors’ is in your Western eyes. These ‘horrors’ were ubiquitous HERE, even in the lifetime of people still living.

    *As long as we are spending Other People’s Money.

  3. It is not that we cannot examine the global economy in detail; it is that we ought not. The buyer studies the quality of the product; the quality of the process is internal to the seller. (If someone up the supply chain is breaking the law, we send in lawmen.) This modularity is what makes the free market robust.

    Tim, I had missed this article despite checking the Examiner several times daily. A headline on Child Labor did not attract me (for the exact reasons you gave in the piece).

    PS–One of the things Congress did last year was repeal an Obama regulation that would have imposed new reporting requirements regarding companies’ supply chains.

  4. Once you enter the rabbit hole you don’t know where you’ll finish.

    On a different, but related note is pollution calculations. Take solar panels. Whoopy whoo energy from sunlight on your roof. Feel smug and try not to think of the energy and pollution that went into creating them.

  5. Feel smug and try not to think of the energy and pollution that went into creating them.

    By some calculations, more energy than they will generate during their working life (at temperate latitudes).

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