[Lurker]

It’s called “competition” and it’s good for both the producer and the consumer. Where did you learn economics, in a comic book?

[DannyTN]

"It’s called “competition” and it’s good for both the producer and the consumer. Where did you learn economics, in a comic book?"

No, that's not competition. It's called 23% unemployment. It's called an out of business strategy. It's not good for producers, they get run out of business by products made by communist slave labor rates. It's only good for consumers in the short run. In the long run, they cease to be consumers and join the other 23% in the unemployment line.

It's not good for this country. As Thomas Jefferson eventually learned, you need a strong manufacturing base to defend a free state. He had advocated letting American remain primarily agricultural and was happing to obtain manufacturing goods through trade. That was until the "unthinkable happened" (Jefferson's words) and Europe cut us off from manufactured goods.

[OneWingedShark]

It’s called “competition” and it’s good for both the producer and the consumer. Where did you learn economics, in a comic book?

Hey! Comic-books are a good illustration of economics... just look at the price for Action Comics #1, or Amazing Spider-Man #121.
(Respectively the first appearance of Superman and the comic where Gwen Stacy, Peter Parker's first main girl-friend, dies.)
A perfect illustration of Supply and Demand.