Worried about more coal plants, carbon emissions from transportation, and a crumbling infrastructure? Evidence provided by several recent reports point to one of the least explored causes of these problems: globalization, that is, the transfer of manufacturing capacity from developed to developing countries, particularly China.
The mechanisms differ. The U.S. and Europe, which could manufacture using environmentally benign techniques, instead use old, polluting technologies that wreck China's environment and increase global carbon emissions. The 70,000 cargo ships that ply the seas moving all of the globalized goods emit more than twice as much carbon as all airline traffic. And because major corporations no longer feel tied to their local communities, they also no longer lobby governments for a world-class infrastructure.
Now, I recently proposed that it would be a good thing to manufacture locally (and Ryan Avent took me to task for saying so). But what I want to propose is not protectionism, but the idea that if local companies were employee-owned and -operated, the problems I describe in this post would go away -- as utopian as that may first sound.
But first to the NYT article, "China Grabs West's Smoke-Spewing Factories":