Weakest Links: Depletion, Supply Chains, and Trust | Frankly 71
The Great Simplification with Nate Hagens
Nate Hagens
4.8 • 552 Ratings
🗓️ 20 September 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
(Recorded September 18 2024)
Over past decades, abundance and peace have become the prevailing narratives in modern societies. The reality, as usual, is both more nuanced and more complex. Today, our financial and material wealth exists in parallel with declines in natural and social capital. Similarly, recent decades have caused us to become uber dependent on global 'just-in-time' supply chains. The unexpected exploding pager incident in Lebanon earlier this week throws the durability of, and trust in global supply chains in a new light. The benefits we've enjoyed from the 'guns and butter comparative advantage' of globalized trade, might also be at risk of decline - and is suddenly something we shouldn't take for granted.
In today's Frankly, Nate reflects on 7 key aspects of our socio-economic system which are in decline, with a main focus on the pager implication for globalization. What are the weakest links underpinning the status quo, and how close are they to breaking? Could it be that, just like the stability of our planet and social fabric, trust in global supply chains and globalization be areas of decline too?
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Transcript
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| 0:00.0 | Greetings. I've been traveling a lot, so I have not had time to record any of these Franklies. |
| 0:06.0 | And now I must because it's late Wednesday and I've just learned of some things and had some ideas. |
| 0:12.0 | So this is going to come out Friday and then I'm traveling again. I'll be in New York City for Climate Week next week. |
| 0:19.0 | We'll see some of you there. I am also an exculpatory |
| 0:23.9 | clause recording this under the influence of zizol, which is anahistamine because I have terrible |
| 0:30.3 | ragweed allergies. There was a black swan that potentially happened in the last couple days |
| 0:36.7 | with respect to the |
| 0:37.8 | four horsemen of the 2020s, which I often talk about. And this is the Israeli use of pagers |
| 0:44.9 | in the war against Hezbollah in the Middle East. I'm going to couch that in a broader overview of seven things that are very important to our lives |
| 0:59.8 | that are depleting or disappearing or in recede mode. |
| 1:07.5 | And that's going to be the topic of today is brief, frankly, the first of many coming in coming |
| 1:12.9 | months. |
| 1:13.3 | I have like a list of 37 more that I somehow need to find a time to record. |
| 1:19.1 | Okay. |
| 1:19.6 | So very quickly, viewers of this program know that I don't look at the future by extrapolating the current |
| 1:31.0 | situation forward in time because we can look two or three steps ahead and infer some of the |
| 1:37.0 | challenges, some of the roadblocks, some of the dead ends that we face. So here are seven things |
| 1:43.8 | that are declining. So here are seven things that are declining, maybe out of our site, but they're |
| 1:50.2 | declining nonetheless, and they're going to have big implications for our future. The first one, |
| 1:54.5 | of course, is oil. When we drill an oil field, we get a lot of production out and then a big tail that lasts sometimes for decades. |
| 2:05.2 | We've drilled, you know, so many oil wells around the world. |
| 2:10.2 | We've drilled more in the United States than the rest of the world combined. |
... |
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