Good news

[nsacpi]

a great part of this is due to an open international trading system...which btw many blue collar workers in this country benefit from in the form of the lower prices they get from Walmart and elsewhere

[thethe]

a great part of this is due to an open international trading system...which btw many blue collar workers in this country benefit from in the form of the lower prices they get from Walmart and elsewhere

What would people ever do if they had to pay .50-1.00 more per article of clothing!

There would be more jobs in America and more tax revenues here.

Dont' act like there isn't a benefit with less globalism to highly developed nations like the US.

[nsacpi]

What would people ever do if they had to pay .50-1.00 more per article of clothing!

There would be more jobs in America and more tax revenues here.

Dont' act like there isn't a benefit with less globalism to highly developed nations like the US.

thou hath committed a fallacy of compostion... 50 cents is nothing...but billions of transactions involving a 50 cent price difference adds up to something

[thethe]

though hath committed a fallacy of compostion... 50 cents is nothing...but billions of transactions involving a 50 cent price difference adds up to something

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?

[thethe]

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.

[nsacpi]

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?

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

[thethe]

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

China seemingly exploded onto the scene the last 30 years. Would you consider them to have 'open markets'?

[nsacpi]

China seemingly exploded onto the scene the last 30 years. Would you consider them to have 'open markets'?

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

[thethe]

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

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.

[nsacpi]

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

[nsacpi]

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.

definitely not a zero sum...the plusses from an open international trading regime far outweigh the minusses

[thethe]

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

What do you think the purpose of the tariff agenda is about?

[thethe]

definitely not a zero sum...the plusses from an open international trading regime far outweigh the minusses

Because you are thinking about it on a global scale.

The net impact to Americans in total number has not been.

[nsacpi]

What do you think the purpose of the tariff agenda is about?

I dunno...it is the sort of thing I would expect from Bernie Sanders...someone with no knowledge of economics who thinks we can bring back the coal and steel jobs

when did you become a bleeding heart socialist...what did you do with thethe

[nsacpi]

Because you are thinking about it on a global scale.

The net impact to Americans in total number has not been.

net impact is positive both globally and within the American economy...no serious economist has argued otherwise...and Peter Navarro doesn't count as a serious economist...even semi-crackpot economists like Arthur Laffer have argued Trump is wrong on trade

[thethe]

I dunno...it is the sort of thing I would expect from Bernie Sanders...someone with no knowledge of economics who thinks we can bring back the coal and steel jobs

when did you become a bleeding heart socialist...what did you do with thethe

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.

[thethe]

net impact is positive both globally and within the American economy...no serious economist has argued otherwise...and Peter Navarro doesn't count as a serious economist...even semi-crackpot economists like Arthur Laffer have argued Trump is wrong on trade

So blue collar workers in America are better off than they were 30 years ago? Now with dual incomes needed to survive?

What do you think France is rebelling about right now?

[nsacpi]

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.

I'm not defending China here. I think they do a lot of things wrong. Some of which we need to be tougher with them about. But we won't fix our issues with them through protectionism.

[nsacpi]

So blue collar workers in America are better off than they were 30 years ago? Now with dual incomes needed to survive?

What do you think France is rebelling about right now?

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

[sturg33]

So blue collar workers in America are better off than they were 30 years ago? Now with dual incomes needed to survive?

What do you think France is rebelling about right now?

I am not sure why that matters... horse and buggy workers are doing worse today than they were 100 years ago.

We don't want to stop progress with protectionism. We want to create more and more value and people need to evolve to that or fall behind.