Economic security should be approached with nuance and subtlety—not all domestic production enhances security (trying to produce adequate domestic supplies of items thought to be unlikely needed, like COVID protective equipment, would likely result in chronically inadequate supplies); diversifying production to friendly countries often provides better security than aiming for complete domestic self-sufficiency.

normativepending

Speaker

Martin Wolf

Evidence Quote

it isn't the case that if everybody produced their own protective equipment at the beginning of covid we would all be more secure the probability is we would have ended up in that situation with chronically inadequate domestic Supply [43:17]

Source

How Martin Wolf Understands This Global Economic MomentThe Ezra Klein Show
Created: 8/12/2026, 6:24:34 PM

My Notes

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