Maybe, but it's not an argument against diversification. When it comes to agriculture, the incentives should be aligned such that a single point of failure like this is highly unlikely.
> That's not to say it's an easy problem to solve.
Incorrect. You simply decide that having less than 5 suppliers at any level is unacceptable and you bust companies up, repeatedly until you have those suppliers. That way when one goes bankrupt, you don't wind up with complete supply chain disintegration.
The solution is quite straightforward. However, it requires an electorate that has a couple of brain cells to rub together in order to understand the solution. And 30% of the US is willfully hostile to any real solutions while another 30% is happy to fiddle while everything burns.
> That's not to say it's an easy problem to solve.
Incorrect. You simply decide that having less than 5 suppliers at any level is unacceptable and you bust companies up, repeatedly until you have those suppliers. That way when one goes bankrupt, you don't wind up with complete supply chain disintegration.
The solution is quite straightforward. However, it requires an electorate that has a couple of brain cells to rub together in order to understand the solution. And 30% of the US is willfully hostile to any real solutions while another 30% is happy to fiddle while everything burns.