Video Description
Three ways the world turns inward.
Cory Klippsten asks whether we are moving from a liquidity-driven economy into a commodity-driven one, where the binding constraint on growth is not the price of money but whether the physical capacity exists at all. Not enough electricity, grid capacity, critical minerals or industrial capacity, exactly where and when the economy needs it.
His frame separates three problems that usually get collapsed into one word. Choice is a country making something harder to get. Necessity is losing reliable access because of geopolitics. Impossibility is genuinely not having enough. Each gets a historical case.
Choice is Europe after 1879, when Germany brought in major tariffs and much of the continent followed, and commodity prices kept falling anyway. Wheat...
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