Solomon, the Suez blockage, and free trade
By The Christian Post
The ship is finally free, but when it blocked the Suez Canal, the situation threatened real economic consequences.
Thankfully, those consequences will not be as severe now that the canal is open, but they certainly would have extended everywhere.
Even if you weren’t getting any commodity through the canal, you would find those that were getting supplied by that trade route were having to scramble for other sources. They would start buying from your sources and your prices would rise. As noted in Time: “Almost a third of the world’s seaborne freight passes through the Suez Canal — from food to farming equipment; car parts to carpets. And the cost of delays will eventually be passed on to the consumer.”
Was the building of the Suez Canal a bad thing?
Source:The Christian Post