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Well, I must be a dumbass too...I have never heard of "interventionism". Care to share, LibocalypseNow?
BTW, my Big Fizzy friend that was an outstanding post. I'd rep ya, but I'm outta gas.
Thankies, John.
This policy sounds cracked to me, though. Abandon NATO? Leave off aiding Israel? How can we even consider this when so many crackpot dictators have or may be getting the A bomb, etc.?
I'm not sure how it relates to tariffs and protectionism, John.
Protectionism is not a simple issue.
I say I am FOR protectionism when dealing with other nations who use unfair trade tactics such as artificially pegging currency, barring markets to importation/exportation, prohibitive tariffs, state supported industries, slave labor and other similar forms. In those situations, similar actions to erase their artificial advantage could and in most cases, SHOULD be applied.
There are also 'cultural' reasons for utilizing trade protectionism and that is when you have a more primitive culture 'bootstrapping' itself at our expense. Look at India. I think on one hand it's great for that society to pull itself up from the depths of really the iron age in some places where poverty and starvation are norms in life. But how they are doing it, by enticing businesses out of the US by exceedingly low wages (which by their culture are high) cause more damage to our nation than theirs. Mind you, low skill, menial labor jobs really have a good reason to be outsourced, but others... not so much.
Of course when we are talking of cultural/national equals, such as the Anglosphere and Japan, most of Europe, South Korea Israel, and possibly even Russia I'm more for free trade. They are not going to 'lowball' us unless they utilize unfair competition tactics like pegged currency and nationalized industries. Then you are looking at more situational protectionism. For instance say S. Korean steel is selling on the open market at 45% of the international average with the exception of the Ukraine which is only 25% less. It turns out the reason they can lowball the market like that is because they are subsidizing losses with taxation making it a 'nationalized' industry. The Ukraine on the other hand just discovered a HUGE deposit of iron near their coal deposits and are going through a boom right now. This advantage is new and not due to politics. S. Korean Steel should be hit with a 45% tariff, while the Ukraine's steel should not be. Luck should not be penalized because they have optimal conditions. Maybe the harder competition will weed out inefficient producers or force the industry to make themselves better. Once the lodes wear out, the Ukraine would return back to normal. A nationalized industry perpetuates as long as people put up with it.
That's why free trade MUST be carefully done, and not willy nilly without regard for why a foreign nation is kicking our ass in trade.
To be honest...I'm not an economist and I don't have a firm grasp on the consequences of protectionism.
But what anyone with with the most basic understanding of arithmetic knows is Americans cannot maintain their standard of living while at the same time competing with a foreign workforce that can subsist on a fraction of the prevailing American wage.
That's just common sense...their Standard of living will go up and ours will be reduced until an equilibrium is reached.
That's a great deal for them, but for the American work force and the American way of life it will be disastrous.
My main street based opinion is I think a little protectionism could go a long way.
I agree that "free trade" and "free markets' are the most abused terms to yet enter the discussion
Thankies, John.
This policy sounds cracked to me, though. Abandon NATO? Leave off aiding Israel? How can we even consider this when so many crackpot dictators have or may be getting the A bomb, etc.?
I'm not sure how it relates to tariffs and protectionism, John.
To be honest...I'm not an economist and I don't have a firm grasp on the consequences of protectionism.
But what anyone with with the most basic understanding of arithmetic knows is Americans cannot maintain their standard of living while at the same time competing with a foreign workforce that can subsist on a fraction of the prevailing American wage.
That's just common sense...their Standard of living will go up and ours will be reduced until an equilibrium is reached.
That's a great deal for them, but for the American work force and the American way of life it will be disastrous.
My main street based opinion is I think a little protectionism could go a long way.
Why? If you think the standard of living is too high why continue to prop it up?
Thankies, John.
This policy sounds cracked to me, though. Abandon NATO? Leave off aiding Israel? How can we even consider this when so many crackpot dictators have or may be getting the A bomb, etc.?
I'm not sure how it relates to tariffs and protectionism, John.
yes we should leave nato and let it crumble. participating in such an organization is a complete insult to our overnight. we should also cut of fall foreign aid to nations.
the only thing we should do with other nations is trade. leave their security and well being otherwise up to them.
We should raise tarriffs on Chinese goods, and use the revenue to pay back the US treasury bonds they've bought.
To be honest...I'm not an economist and I don't have a firm grasp on the consequences of protectionism.
But what anyone with with the most basic understanding of arithmetic knows is Americans cannot maintain their standard of living while at the same time competing with a foreign workforce that can subsist on a fraction of the prevailing American wage.
That's just common sense...their Standard of living will go up and ours will be reduced until an equilibrium is reached.
That's a great deal for them, but for the American work force and the American way of life it will be disastrous.
My main street based opinion is I think a little protectionism could go a long way.
Why? If you think the standard of living is too high why continue to prop it up?
Where did I say I think it's too high?
Read for comprehension.
Thankies, John.
This policy sounds cracked to me, though. Abandon NATO? Leave off aiding Israel? How can we even consider this when so many crackpot dictators have or may be getting the A bomb, etc.?
I'm not sure how it relates to tariffs and protectionism, John.
yes we should leave nato and let it crumble. participating in such an organization is a complete insult to our overnight. we should also cut of fall foreign aid to nations.
the only thing we should do with other nations is trade. leave their security and well being otherwise up to them.
Thank you Mr. Thomas Payne.
But, how would the Americans otherwise defeated the British Empire, without the alliance with France?
We should raise tarriffs on Chinese goods, and use the revenue to pay back the US treasury bonds they've bought.
You say that jokingly, but I've heard that theory from economists since the 1980s. I'm not sure I believe it, but that joke resurfaced for me in 2002 when China was being courted for investments.
We should raise tarriffs on Chinese goods, and use the revenue to pay back the US treasury bonds they've bought.
You say that jokingly, but I've heard that theory from economists since the 1980s. I'm not sure I believe it, but that joke resurfaced for me in 2002 when China was being courted for investments.
Well.....eventually, we mightn't have any choice, but we'd better do it soon, while the Chi-Coms still have a largely willing billion-or-so slave laborers.
Why? If you think the standard of living is too high why continue to prop it up?
Where did I say I think it's too high?
Read for comprehension.
Ok, I'll clarify:
If you don't think Americans can maintain their standard of living while competing with a foreign workforce why continue to prop up the Americans?