Posted on 07/04/2019 9:10:13 AM PDT by Poison Pill
President Donald Trump likes to keep score. Well, here's a score for him: America, zero; while the rest of the world keeps tallying up free trade points. That's right; while American consumers have been waiting for well over a year to see some resolution to the various trade disputes started by Trump, other countries have agreed to lower their tariffs against each other and signed free trade agreements with one another. Meanwhile, American consumers and exporters are drowning in a sea of high tariffs.
Some of Trump's supporters have argued that the president is actually a free trader who wants lower tariffs all around. Well, if that's the case, he has succeeded in a way. Everyone is getting lower tariffs—everyone except U.S. consumers, that is.
(Excerpt) Read more at reason.com ...
Yeah, I’m just barely keeping my head above...
...all the prosperity!
Where do they hire these clowns?
This woman is just another academic and has never run a business, nor understands long term strategy.
And today we have Uber, Lyft, Upwork and tons of other gig-economy options.
People are capable of doing more than assembly line work.
Left for Dead in Danville: How Globalism Is Killing Working Class America
The three ways to CREATE wealth: mining, manufacturing and farming. Service industries just transfers wealth around.
-PJ
China, being a major partner with it’s mfgrs is heavily subsidizing them and even though the tariffs are paid by the importer the exporter will be able to sell at a much lower price and thereby remain competive dispite the tariffs.
The rest of any unreasonable increases are being absorbed by the importer and the wholesaler.
“If the USA ever really had a social “safety net” it was not welfare or unemployment insurance. No, the safety net was being able to pick shift work at the local manufacturing plant when times got tough or little Timmy needed braces.”
Very interesting post.
That is the economic system; the culture, that made the US the powerhouse it once was. Everyone pulled their own weight - but there was the means to pull your own weight if/when you needed to.
Hard to explain, but putting it the way you did makes it easier to realize what a disaster so-called ‘transfer payments’ (welfare/UI) actually was.
In the beginning it might have been ‘okay’, but it is all so out of control now.
Veronique de Rugy.....
If that isn’t a snooty name, I don’t know what is....
It is funny how Norman names somehow gained that air of snootiness.
Which is "better" and why?
“(I)n general, the protective system of our day is conservative, while the free trade system is destructive—it breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point. In (other) word(s), the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.”Hope that clears up what is right and what is wrong here. (For some of the things on the communist goal list, one can replace “communist” with ”Islamic”.)
— Karl Marx
— From the list of 45 communist goals for the USA
- Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.
- Extension of long-term loans to Russia and Soviet satellites.
- Provide American aid to all nations regardless of Communist domination.
- Grant recognition of Red China. Admission of Red China to the UN. …
The textile industry has declined a lot in this country.
IT-related industries have boomed.
Economies, technologies and lifestyles change.
You can't stop that change because the laws of economics are what they are, so you have two choices.
You can bitch and moan and try to go backwards or you can get out in front of the change and make the most of it.
You can't point me to a society that's prospered, or even survived, by walling itself off and ignoring the changes going on around it.
The Chinese have not passed the Tariff costs unto the American consumer, they are absorbing them with the help of the Chinese government.
This woman is one of 330 million people in this country with an opinion. Unfortunately, like many, it is wrong. She is wrong and no one should pay her any heed and perhaps ask the bus driver next time you get on the bus what he thinks about Trump’s approach. He may be one of the 330 million who is right.
The Chinese don't pay the tariff costs. The importer does.
Converting capital from cash to an assembly line is better than spending cash on someone else's finished product, because when the purchased product is consumed you have nothing but the assembly line is an asset you own until it depreciates.
Some assets depreciate slowly, others faster.
Give someone a fish, feed him for a day. Teach someone to fish, feed him for life.
It's the same principle - in a service economy people have to rely on others for fish. In a capital economy people own the means to acquire their own fish.
The person who uses their own car for Uber or Lyft is in a capital economy,he can travel whenever he wants to wherever he wants. The person who consumes Uber or Lyft is at the mercy of the driver to be willing to drive the person where he wants to go, when he wants to go.
Capital economies control their own destiny, service economies eventually drain their resources through endless consumption.
-PJ
So why did Trump say:
"I am very happy with over $100 Billion a year in Tariffs filling U.S. coffers...great for U.S., not good for China!"?
If the Chisese are absorbing them they aren't going into our coffers.
Ha ha ha ha ha go away asshole.
True, but their argument is the bottom line, and there are those here who harbor the same concerns. So my message is mainly aimed at them.
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