patrick.net

Sowell predicts Al Gore's Global Warming grift:

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.

https://x.com/HooverInst/status/1907630250135273527

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.

HeadSet says

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.

Eric Holder 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

Problem is nobody will build factories until it can be shown they will be profitable.

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.

AmericanKulak says

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.

Patrick says

Yep - my golf game proves this: in the last 20 rounds I scored from 95 to 81.

rocketjoe79 says

Yep - my golf game proves this: in the last 20 rounds I scored from 95 to 81.

9 holes?

https://x.com/ThomasSowell/status/1965429992382210508

Thomas Sowell answers questions on social justice in education.