Attention Economy


Thursday, May 12, 2022

Downside of Protectionism

What’s Behind America’s Shocking Baby-Formula Shortage?
https://www.theatlantic.com/ideas/archive/2022/05/baby-formula-shortage-abbott-recall/629828/
Conservative populists and even liberals who are skeptical of globalization sometimes argue that if the U.S. made everything within our borders, our economy would be more resilient. But the baby-formula shortage suggests that things don’t always work out that way. Instead, we’re seeing what happens when we reduce trade with other countries for an essential good: We’re more vulnerable to emergencies like a bacteria-infested plant in Michigan”.