That’s not a change, it’s blatant common sense. It’s not a labor free market if the companies can just use legalized slavery in another nation.
Free markets WITHIN a nation? Absolutely. But unless nations have unified laws about labor and costs and business practices and environmental regulations - NO. It’s NEVER a “free” market in that sense. Unless you’re the mega corp.
Just a reminder to all. “Business Insider” is a left-wing website.
Business Insider š¤£š¤£š¤£. Nothing about business. Everything leftist.
And DeSantis hahahahah. Headline is hilarious
This country only exists for its citizensānot the citizens of any other country.
Businesses are not citizens.
No he didn't. But he did rail against unfair trade practices of foreign competitors. That's different.
In economic theory, a free market depends upon three things: 1. No monopolies or monopsynies: 2. No information assymetries; and 3. No externalities [undue influences affecting free market pariticipation, e.g government favors or subsidies or treaties that unbalance the competitive environment].
Megagopolies exploiting cheap labor in one country to undermine the productivity in another country, while accring the unfair profits to itself, is not a free market practice.
“Labor” is typical whine of anti-freemarket forces. There is some truth to it, but the primary thing driving business out of America is taxes not labor.
President Trump single-handedly destroyed the nonsense of so-called “free trade” by pointing out the difference of that with “fair trade” ... prior to Trump, perhaps only a few conservative academics had even heard of the term “fair trade”
and not only did Trump trumpet fair trade, he made it a bedrock policy and implemented that policy in a wholesale fashion ... no BS world court lawsuits either: Trump just declared that all tariffs were for national security purposes ... period ...
Oh good God.
Always the wrong tac is taken.
When things are screwed up as indicated, the solution is not to play along, but dismantle the ponzi-scheme regulations that got us there in the first place.
To wit, minimum wage is anti-capitalism. It is anti-freedom and is a price control. Other regulations such as fewer hours to work, automatic enrollment in medical insurance, etc. these are all things that really have no natural right to exist.
THOSE are what corrupt the system.
You bemoan off-shore work migration? Get rid of the Union-based ālaborā regulations. More money for less work (communist principle). That is anti-freedom and anti-free market.
And, they don't.
Perhaps the idea of large international mega-corps is a bad one.
Of course the fact is any thing "Big" is not a friend of liberty. Big government, big energy, big religion, big publishing, big beer, big chicken, big drug..... Anything big could not give a hoot and a holler about you as a consumer because they are big enough to squash you.
Conservatism is being redefined from “laissez-faire capitalism” to “populism.” From looking out for Wall Street, to looking out for Main Street. Those are good changes.
I favor financially balanced trade.
For certain key industries such as motor vehicles, no export of dollars as payment. Payment in parts for other parts and for profits.
Trump and DeSantis? Bull s**t.
I don’t trust DeSantis. Of course, I don’t trust any lawyer career politician. People kept electing lawyers instead of leaders...After about 50 years of that mentality it’s left American nearly dead on the floor.
bump
It would be simplest just to do the R&D to collapse the cost of energy and water.
Another reason why the USA needs an across the board 20% import tariff. It is evil to charge income taxes on US labor and then let in 3rd world goods in duty free. The road to serfdom is paved with free trade bricks.
Note both the buyer...and the timing.
“Business Insider”
“Kevin Roberts, took over in 2021”
Tells you all you need to know.
Another business targeted for termination.