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132
MolotovCocktail
2025 Jan 17, 12:52pm
MolotovCocktail
2025 Jan 17, 12:52pm
"How long do politicians have to keep on promising heaven and delivering hell before people catch on and stop getting swept away by rhetoric?"
Thomas Sowell
Thomas Sowell
136
RWSGFY
2025 Feb 13, 9:04am
RWSGFY
2025 Feb 13, 9:04am
OkDOGEisAmountingToSomething says
Akshually, lots of so-called "journalism" has been outsourced to the 3rd world. Now, of course, some of that is clawed back and replaced by AI. Both resulted in pretty shitty quality.
Akshually, lots of so-called "journalism" has been outsourced to the 3rd world. Now, of course, some of that is clawed back and replaced by AI. Both resulted in pretty shitty quality.
145
HeadSet
2025 Apr 21, 2:18pm
HeadSet
2025 Apr 21, 2:18pm
RWSGFY says
Like Sowell said, "There are no solutions, just tradeoffs." The same China that can undercut US steel prices with the comparative advantage of slave labor and lax pollution laws can use that same comparative advantage to undercut US steel products and anything else the US manufactures. The only solution is to tariff the Chinese imports to a level where companies that follow 1st World labor and pollution laws are able to compete.
Like Sowell said, "There are no solutions, just tradeoffs." The same China that can undercut US steel prices with the comparative advantage of slave labor and lax pollution laws can use that same comparative advantage to undercut US steel products and anything else the US manufactures. The only solution is to tariff the Chinese imports to a level where companies that follow 1st World labor and pollution laws are able to compete.
146
Eric Holder
2025 Apr 21, 2:36pm
Eric Holder
2025 Apr 21, 2:36pm
HeadSet says
The devil is in details. One could first stimulate building of new steel plants in the US while taking advantage of low prices of Chinese steel and once these are in place THEN crank up the tariffs. The way it's done now is like going to war before having ammo factories built and ammo stockpiled and instead scrambling to build ammo factories under fire.
The only solution is to tariff the Chinese imports to a level where companies that follow 1st World labor and pollution laws are able to compete.
The devil is in details. One could first stimulate building of new steel plants in the US while taking advantage of low prices of Chinese steel and once these are in place THEN crank up the tariffs. The way it's done now is like going to war before having ammo factories built and ammo stockpiled and instead scrambling to build ammo factories under fire.
147
Misc
2025 Apr 22, 1:04am
Eric Holder says
Problem is nobody will build factories until it can be shown they will be profitable.
The devil is in details. One could first stimulate building of new steel plants in the US while taking advantage of low prices of Chinese steel and once these are in place THEN crank up the tariffs. The way it's done now is like going to war before having ammo factories built and ammo stockpiled and instead scrambling to build ammo factories under fire
Problem is nobody will build factories until it can be shown they will be profitable.
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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