Posted on 07/05/2018 12:17:55 AM PDT by Trump_vs_Evil_Witch
All that results from LACK of free trade not its result.
Other sectors in China pay the bill for the auto tariffs.
There is not a net gain from a tariff, economically. Trump has adopted that policy to address the unfair tariffs we face.
He wants to get rid of tariffs because he realizes they are economically destructive.
Dear Dumbass I do not have a business which hires anyone and my whiskers are greyer than yours.
When did I make that claim?
What Trump has exposed is that “Free Trade” really means anyone can trade with the US for free. All the caterwauling is from the globalist uni-party politicians getting rich off the current system. Just like Germany, China will fold like one of their Wal-Mart suits. May take a bit, but the market will find a balance.
Protectionism is what poor countries use to protect new or uncompetitive industries.
The US will not produce the products China does tariff or no tariff. Our economy produces NEW products because it is dynamic and innovative.
One of the excuses the defenders of the Confederacy fall back on is the unfair tariff effects on the Southern economy.
This is claimed was the major reason the Northern states became industrial and provoked the rebellion.
Those arguing such are indirectly admitting that tariffs reallocate resources from one group to another.
We have never had free trade, it does not exist it is a theoretic goal.
It does not stop with the loss of a bean field. Since it would reduce the need for labor and equipment a tariff will mean that those purchases will be reduced.
Thus, employment will go up in that sector as the export industries downsize or go out of business. Hence, the workers at John Deere and Caterpillar will partially pay for the tariff.
“And no the role of government is not to create jobs.”
I’m not talking about “Government Jobs” paid for by taxpayers. You jumped to a conclusion there.
I’m saying government should create opportunities for Americans to have jobs, not some theoretical notion of “optimal allocation of resources”.
Government can create those opportunities in a number of ways: tax incentives, free public education, property rights, etc and yes tariffs to prevent corporations from sending jobs overseas.
“Optimal allocation of resources produces the optimal employment.” ==> Maybe the optimal employment in foreign countries you mean.
If you want more jobs get the governments off the backs of industry. None of their programs work but the administrators are off the streets.
And no, I did not jump to conclusions.
The ideal of free trade would led to maximum employment here as well as in the rest of the world. But we don’t have, and never had, free trade.
The problem is government meddling not free trade. It is a goal.
We’ve tried your idea for the last 30 years with disastrous results. We’ve let corporations allocate resources for “optimal” benefits - their benefit.
The result has been millions of good paying jobs relocating to China and Mexico. That’s why we are in a pickle right now regarding trade.
DJT is trying to fix the problem of “optimal allocation” by corporations.
a Red Tsunami————
What a wonderful image to hold onto.
Raises my spirits.
No we have not tried Free Trade, ever. Nor has any other country at any time.
You antis are arguing against a straw man not the actual theory.
Monopoly or Monopsony do NOT optimally allocate resources.
Free trade is only applicable to competitive free enterprise not monopolistic economies. It is impossible with monopolies which by definition are controlled market not free.
At least know what you are attacking.
EVERY other country is protectionist. Japan, Taiwan, the EU. etc ALL OF THEM....
That is what Trump is trying to put an end to unless there are special exceptions.
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