The Economist Got It Wrong Again, But So Did My Uncle Leroy
There's a particular brand of confidence that comes from reading The Economist cover to cover and another, entirely different strain, that comes from having survived sixty years in Chatham County. Both are insufferable. Both are occasionally right. The trick is knowing when you're dealing with which.
Last Tuesday the magazine ran twelve pages on the fragility of Southeast Asian supply chains. My uncle Leroy, who has never left the state of North Carolina except for one ill-advised trip to Myrtle Beach in 1987, told me the same thing over biscuits. "Everything's connected," he said, tapping the table for emphasis. "You pull one thread and the whole damn sweater comes apart." He was talking about his marriage, but the principle holds.
The global economy runs on two things, according to the people who study it: trust and the collective agreement to pretend that numbers on screens are real. In Chatham County, it runs on handshakes and the unspoken understanding that we don't talk about what happened at the church picnic in '94. The parallels are more instructive than any of us are comfortable admitting.