The FT's global business columnist Rana Foroohar believes globalisation, as we've known it for the past 40 years, has failed. In the first of three films based on her new book, 'Homecoming: the path to prosperity in a post-global world', she takes a trip across the US to see how neoliberal economic thinking has broken our food supply chains - and what can be done about it. Read more at https://on.ft.com/3CexB1b
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#globalisation #neoliberalism #farming #foodproduction #foodsecurity #food #globaleconomy #foodsupply #supplychain #RanaForoohar #verticalfarming
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► Check out our Community tab for more stories on the economy.
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Francisco Gimeno - BC Analyst One of the best ways to show how the understanding of the concept of globalisation has failed us is what is globally happening with global supply chains and logistics. Looking for more profit and "prosperity"(for them of course) means that, after COVID and the whole geopolitical rigmarole now the craziness of harvesting a fruit in Africa, being managed in Asia, and packed for export in South America is not a "go ahead" anymore. Even with global transport prices coming down to levels pre COVID, food security and supply is in danger, not just because of conflicts like Ukraine now, but because this model of supply is in need of change, as society is changing, as the work space is working, a digital economy is expanding, new mind frame comes around. The process can be painful anyway, and time will tell how it goes.