By Gary Wilson
Supply chain bottlenecks don’t originate from COVID-19. The bottlenecks were introduced back in the 1970s by what is called “just in time” manufacturing. Manufacturers no longer have big inventories of parts. For global manufacturers, everything is now “off-shored.” Everything from parts to completed products are made globally and then shipped to where they are needed.
With the anarchy of capitalist production, it’s never known what will be needed or when — not overall for the whole economy.