Suez Shows Civilization Is More Vulnerable Than We Think
Choke points imperil global supply chains, and the remedies aren’t simple or cheap.
One of the major trade arteries is indeed out of action. The result? Fractions of a percentage point on the price of certain imported items as they go off and use another trade route around the Cape of Good Hope.
That a major part of the system has just fallen over and near nothing has happened shows robustness, not fragility.