Yeah, it's about running lean to save on cost/overhead. It's not a bad system, it just becomes problematic when improbable disasters happen, and the lead times on certain inventory items go from a couple weeks to 8+ months
It's part and parcel of the "end of history" idea that everything will be neoliberal forever, so why would you account for anything like a war or major disaster disrupting critical infrastructure or crashing the economy because some vital sector was bottlenecked through a single point of failure?
Yeah, it's about running lean to save on cost/overhead. It's not a bad system, it just becomes problematic when improbable disasters happen, and the lead times on certain inventory items go from a couple weeks to 8+ months
It's part and parcel of the "end of history" idea that everything will be neoliberal forever, so why would you account for anything like a war or major disaster disrupting critical infrastructure or crashing the economy because some vital sector was bottlenecked through a single point of failure?