Dozens of sailings from Asia to U.S. ports are set to be canceled as deteriorating economic ...

[mahatmakanejeeves]

Dozens of sailings from Asia to U.S. ports are set to be canceled as deteriorating economic conditions weigh on demand to ship goods worldwide—a sharp reversal from bottlenecks seen a year ago

wsj.com
Cargo Shipowners Cancel Sailings as Global Trade Flips From Backlogs to Empty Containers
Dozens of sailings from Asia to U.S. ports are set to be canceled in October as deteriorating economic conditions weigh on demand to ship

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[Historic NY]

1. Still takes nearly 55 days to transit via Suez to US from India ports

I recently had an item finally arrive after a backup at the Suez Canal.

You'd never know it was a problem, checking this

https://shiptracker.live/]

[CrispyQ]

2. The grocery store gets a bigger & bigger cut of my budget, even as I bring home fewer groceries.

Ronald Regan busted the unions so labor lost it's negotiating power & TPTB replaced living wages with easy credit. Now the middle class is maxed out. We're trinket rich & asset poor. I read that in an article about how middle class Americans have the latest in electronics, nice furniture, & nice cars but they have no equity.

We need a new economic system, one not based on consumption. Not just the US, but the entire world. I have no idea what that looks like & every time I mention it in a DU post, no one responds, so I guess I'm not the only one who can't quite visualize something different. ??? I think it must start with taking profit out of the equation, or at the very least, balancing it somehow.

My economics classes were long ago.

[Lulu KC]

3. Agree

I don't know the answer, but it's backwards and destructive the way it is now. Relying on endless growth in any situation backfires.

[jimfields33]

4. I don't see why they didn't revoke some of reagans garbage.

[Farmer-Rick]

5. I'm with you

I think we are on the verge of evolving out of capitalism. It was better than feudalism but it is not ecologically sustainable.

I think the new economic system will have some socialist features but it won't be the traditional socialism fully under the thumb of politicians.

I like Richard Wolff's idea about democracy in the workplace .

[progree]

6. I hope you're right, but we sure as hell aren't evolving that way in Minnesota

yes, Minnesota, the blue state that everybody seems to think is a blue paradise (except for the winters).

Our bus service got cut again. And what remains is getting more and more unreliable. Not having a car is becoming untenable for more and more people. That is evolution towards a more UNsustainable economy and environment.

[Farmer-Rick]

7. Yeah, it's not a perfect metaphore

Evolution had a lot of dead ends and I hope we don't have those dead ends.

There was a lot of suffering as feudalism fell apart. There were constant disruptions to supply chains and transportation. There was almost constant war, famine and disease. So yeah, not a pleasant shift from feudalism to capitalism. Let's hope it's not as bad this time.