Thomas Sowell Thread
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2021 Jan 22, 2:01pm 27,650 views 151 comments
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149
AmericanKulak
2025 Apr 26, 10:33pm
AmericanKulak
2025 Apr 26, 10:33pm
RWSGFY says
And no US Steel production due to slave labor and no enviro laws mean the US is utterly dependent on rivals like big producer China for basic national defense needs.
Ricardo never gave a single instance or example of a high value added mfg good being good to outsource. ALL of his examples were raw resources like wool and grapes that are soil and climate dependent.
And no US Steel production due to slave labor and no enviro laws mean the US is utterly dependent on rivals like big producer China for basic national defense needs.
Ricardo never gave a single instance or example of a high value added mfg good being good to outsource. ALL of his examples were raw resources like wool and grapes that are soil and climate dependent.
150
MolotovCocktail
2025 Apr 26, 10:50pm
MolotovCocktail
2025 Apr 26, 10:50pm
AmericanKulak says
Ricardo AND Adam Smith made it clear that comparative advantage can not happen when capital and/or labor is mobile across borders. What we have in that case instead is absolute advantage.
Ricardo never gave a single instance or example of a high value added mfg good being good to outsource. ALL of his examples were raw resources like wool and grapes that are soil and climate dependent.
Ricardo AND Adam Smith made it clear that comparative advantage can not happen when capital and/or labor is mobile across borders. What we have in that case instead is absolute advantage.
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