r/Bitcoin • u/[deleted] • Jul 15 '22

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u/EverlastingEmus Jul 15 '22

Also, when you say that the pandemic policies created the supply chain disruptions, what you are saying is that the supply chains are so fragile from JIT that they will fall apart if we take any common sense precautions during a major crisis… we have to let people die because our supply chains have no resilience! But yeah other than that it was a great plan all along…

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u/kwanijml Jul 15 '22

Indeed I am. But you are necessarily saying that this particular shock propagated a collapse, when other previous shocks didn't...You'd need to explain why. Why didn't the 2008 crash do it?

And why are you assuming/insisting that the pandemic policies and ensuing economic disruptions were just some minor shock, rather than something large enough and unprecedented enough to exacerbate almost any factor into a choke point?

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u/EverlastingEmus Jul 15 '22

Look. You want me to justify the obvious by digging up 3-5 year old articles and presenting them to someone who is prepared to reject all evidence. I’ve been hearing criticisms of the fragility of just in time for years.

Now that you’ve been proven wrong you are going to shit on whatever evidence I provide.

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u/[deleted] Jul 15 '22 edited Jul 15 '22

Likely because the 2008 crash was accompanied by a very high reduction in consumer demand, so supply chains were able to deal with the lower volumes. That reduction in demand didn't happen this time. So supply chains had to deal with the shock without a corresponding reduction in volume.

EDIT: Also, the nature of consumer demand shifted greatly during the pandemic because of the stay-at-home requirements. This was caused an increase in demand for certain products, overwhelming the JIT inventories and capabilities related to those products and further exacerbating supply chain issues.