Leftist policies are wrecking global supply chains and triggering shortages and looming hyperinflation. Stand by for capitalism to be blamed

We already see soaring prices, empty store shelves, shortages of critical products, factories shut down, workers unemployed, and people freezing in their homes.

These disruptions to what had been a smoothly operating integrated global economy that had raised hundreds of millions of people out of poverty in the last three decades are all due to progressive policies being enforced by those very governments that stand ready to seize even more power over our lives.

If nothing is done, they warned of a "Global transport system collapse" and suggested that "Global supply chains are beginning to buckle as two years' worth of strain on transport workers take their toll," according to the letter.

"All transport sectors are also seeing a shortage of workers, and expect more to leave as a result of the poor treatment millions have faced during the pandemic, putting the supply chain under greater threat," the letter said.

With demand surging for goods that consumers deferred purchasing, and with worker shortages hindering resupply, choke points are developing all over the world.

First came the COVID-induced global supply chain crisis for container shipping.

Bloomberg quoted Nomura analyst Ting Lu as stating, "The power curbs will ripple through and impact global markets. Very soon the global markets will feel the pinch of a shortage of supply from textiles and toys to machine parts."

https://www.americanthinker.com/blog/2021/09/leftist_policies_are_wrecking_global_supply_chains_and_triggering_shortages_and_looming_hyperinflation_standby_for_capitalism_to_be_blamed_.html