The Decline of Globalisation

As the price of oil rises, the cost of transportation rises. It no longer makes sense to ship logs to China to shape into toilet seats, then ship them back. It no longer makes sense to grow food on one side of the earth and ship it to the other. Generally it will be cheapest to manufacture close to the source of raw materials. We will also see general custom manufacturing businesses in malls. They will be able to manufacture/tailor your clothes, furniture, housewares… from inventories of generic, undyed, raw materials. Because of this, globalisation is a dead end and is already reversing, bringing jobs back home.

~ Roedy (1948-02-04 age:69)