"I am a victim, I will tell you. I am a victim."
"I am your retribution."
Yes - And you put that money in the pockets of smaller businesses that then grow within their communities. The only thing that globalization has done is crush the middle class. It helps the poor people of third world nations and lines the pockets of the worlds elite. How has the middle class done in the last 50 years in America?
Natural Immunity Croc
And again - I am in a very fortunate position whereby my profession is not impacted by globalization. I don't have direct skin in the game but I want to see more people in this nation prosper. Too many of us white collar workers have thrived while blue collar struggle.
Natural Immunity Croc
I think you don't sufficiently appreciate how important incentives to innovate, cut costs and improve productivity are...and international competition is one of most important sources of such incentives...countries that practice mercantilism and try to protect domestic industries end up being laggards
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
not really...but they are in a catchup phase....their destiny is to be the next Japan (not the worst thing in the world but not great either) if they don't open up
Argentina once had a first world standard of living...they are exhibit A of the consequences of mercantilism
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
Nobody is saying to close the ports down but there was a conscious effort to get cheaper supply chines at all costs irregardless of the impact it caused to Americans. This is a zero sum gain - for all the winners there were losers and those losers are speaking up all across the world. France is exhibit A.
Natural Immunity Croc
Ranking of countries that are the worst practitioners of mercantilism
http://www2.itif.org/2014-general-me...643.1545850930
the paper makes some good points about the need to get those countries to open up...the solution is not for us to adopt their mercentalist practices
Last edited by nsacpi; 12-26-2018 at 02:07 PM.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
China is a bad actor. I have had this position for a long time. Nothing has changed. Globalism has in effect crushed the spirit of capitalism by making too few benefactors of its beautiful design. This happened in the early 20th century as well. History always repeats itself.
Natural Immunity Croc
well...i don't want to get started with France...they have tried to shelter everyone from the realities of free markets and have ended up with a bad situation...Macron needs to channel his inner Margaret Thatcher if he's got any of that in him
as for blue collar jobs...if you look at manufacturing output in the United States, it has grown enormously...and in general manufacturing jobs pay well...but because of productivity increases the number of such jobs has gone down...that's mostly due to productivity increases (a good thing)...a small fraction is due to trade...protectionism would not affect that much...but it would make a lot of things more expensive and reduce standards of livings for everyone including blue-collar workers
"I am a victim, I will tell you. I am a victim."
"I am your retribution."