032011_Friedman

032011_Friedman - Items from New York Times, Sunday, March...

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Items from New York Times, Sunday, March 20, 2011: Stress Test for the Global Supply Chain By STEVE LOHR Modern global supply chains are like the human body: remarkably resilient, but also vulnerable at some points. The crises in Japan expose some of those weaknesses. Friedman: Washington vs. the Merciless Washington vs. the Merciless It is hard to read the news from Japan to the Persian Gulf and then reflect on American politics and not conclude, as scientists would say, that we’re running an uncontrolled experiment on the only country and planet we have. And what is that experiment? We’re basically taunting — there is no other word for it — the two most merciless forces on earth: the market and Mother Nature. At a time when Japan is suffering a nuclear catastrophe that is likely to make the world even more dependent on oil and gas, at a time when the world’s top oil and gas producers are entering what will be, at best, an unstable, and, at worst, a viciously violent transition from autocracy to, one hopes, democracy, and at a time when the combination of the two could slow down global growth while we’re still trying to climb out of recession, America has no energy policy, no climate policy and no long-term plan to deal with its unsustainable deficit. We’re basically saying to the market and Mother Nature: “Bring it on. We’re going to be dumb
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This note was uploaded on 07/08/2011 for the course IE 131 taught by Professor Groover during the Spring '08 term at Lehigh University .

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032011_Friedman - Items from New York Times, Sunday, March...

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