0.1443242024 Election Night Shitshow Extravaganza - Get ready for the shit show of a life time! 2024 Election coverage will be live updated here! Bookmark now!
you need to sell in the USA market to profit.. we still have that leverage for now.
Nope, not anymore. 1.4 billion Chinese, 1.4 billion Indians, and 2 billion Africans have taken over that spot.
You do need to wonder though, if it's such a bad idea for America, why does every other country have tariffs? Why is it uniquely our problem when we decide the trade deficit isn't fair.
That would make sense in a closed world, where only the USA makes and buys stuff. But that is not the case. Not only the USA makes less goods, but it makes more expensive, inferior goods. Tariffs may protect the profits of domestic brands in the local market (at the detriment of the consumer who ends up paying more for less). The unforeseen consequence would be retaliation.
Scenario: USA imposes a 25% tariff on Chinese cars, China retaliates with a similar 25% tariff on US cars or other critical product (i.e. smartphones).
Results: China loses access to the 300 million US market. USA loses access to the 1.4 billion Chinese market.
Read More@adam-l not exactly what I'm saying
I'm saying that blaming a system (one which is a fact of life even when it's suppressed) for what greedy assholes do is silly.
Power-hungry, greedy pieces of shit will do what they do under any system.
Free-market Capitalism is the one system in which the rest of us even have a chance.
Hell, many of the worst offenders are ostensibly against capitalism.
@Typo-MAGAshiv so, you don't deny that capitalism is a system of the greedy assholes, right?
@redpillschool and you both shall be happy to...
have these vcards!
@MentORPHEUS by the way for onlookers this is the kind of level headed discussion that people who disagree should be able to have. I'm always happy you're here mento
Unfettered capitalism, at its core, works to exploit labor and resources, and concentrate their wealth upward to a tiny elite class.
No, that's what greedy assholes do, and they do it under any and every system.
1
4
@MentORPHEUS Yeah capitalism sure has it's problems. And so does everything. So I'm not really quick to jump on the anti-capitalism train.
We decided slavery is bad, so we said not on our soil. But then USA said, "but feel free to do the slavery elsewhere and then import it back into our markets for free!"
This isn't a third order symptom, it's a first-order floodgate that's wide open.
The problem with your argument Mento, is that it relies on slave labor for the artifically low costs.
What makes you assume that "my argument" is that this is GOOD?!?
Henry Ford had the sense to know that paying his workers well, so they could afford to buy the products they work to build, was GOOD for business.
Unfettered capitalism, at its core, works to exploit labor and resources, and concentrate their wealth upward to a tiny elite class. Putting tariffs on imports TODAY as Trump would do, is treating the third or fourth order SYMPTOMS of a problem in ways that won't address the root cause, and cause other WORSE problems, namely hyperinflation in the consumer goods sector but with no domestic production capacity in place to get incentivized by and benefit from it.
Read More@MentORPHEUS It's a play you can make when you still have (one of the) largest economies in the world and regardless of where your products are made, you need to sell in the USA market to profit.. we still have that leverage for now.
You do need to wonder though, if it's such a bad idea for America, why does every other country have tariffs? Why is it uniquely our problem when we decide the trade deficit isn't fair?
The problem with your argument Mento, is that it relies on slave labor for the artifically low costs.
Your e-device, sneakers, etc shouldn't be $3 to make. The people making your goods are jumping off roofs out of desperation.
2
3