some examples? our gdp is 11T bigger than the next guy & 6 times bigger than the 3rd guy, but we are victims in intl trade? p.s. why did you single out manufacturing? It's 10% of our GDP. We aint some 3rd world country.
Part of the reason manufacturing is only 10% of our GDP is it’s so much cheaper to build elsewhere and ship it to us. Most of the companies in the top 10 are tech companies and rely on semiconductors made elsewhere. China decides Taiwan is theirs and takes it do you think those companies will have an increase or decrease in value. Do you think we need to have strong vehicle and aerospace manufacturing for National security?
You just argued with yourself - see post #18? is it predatory or can they make it cheaper? If it's the latter, they should make it. But, what do you mean by cheaper? I paid $5400 to have 3 window wells replaced. Would it have been cheaper to do it myself? Comparative advantage. Learn it. Know it. Live it. It is how we get rich.
1. true. but it did not end very badly...have they even had more power probs than oil rich tx? 2. as you say, prior to the end, they got cheap gas. not exactly a nightmare
I am really only concerned about this if there is an a national security or crucial economic reliance on that sector. Textiles go from US to China, but then they went to other countries. Auto and aircraft are interesting cases. China is churning out cheap electric cars. Without tariffs the US electric car industry would probably be almost non existent. In the flip side if we were allowed to have cheap electric cars, Americans would have a lot more electric cars. Taiwan is kind of a wrench on the whole thing, if china invades Taiwan, and we are reliant on China, our inability to respond economically is non existent.
Yo commies. Here's a thought. Instead of yer "gotchas" for me over aerospace & whatnot. Why DON'T YOU defend our protectionist policies. Here's 1. Why shouldn't Americans get to exercise their god given right to buy Chinese EVs for 15k? Oh, & this. Should Reagan have put quotas on wooden clothespins? were they strategic?
I understand and support the idea of comparative advantage and for the most part support free trade. I just think exceptions can be made in cases like China and Russia.
In the US, predatory pricing is illegal. To the extent a foreign country artificially subsidizes an industry and exports to choke out international competition, how is that different?
Because there is a non trivial chance we will be at war with them via Taiwan. I was generally with you when the likes of Russia and China were essentially neutral. But when we are reliant on a country that we may be at war with, steals our technology, steals our intellectual property, actively hacks our government and corporate IT infrastructure and supports illegal call centers that scam Americans out of billions of dollars - can you see where that may lead to problems?
do you have any evidence that we don't steal more than China does? Of course, like their firms, our firms steal from them & from our own firms. &, at the state level, well we had Crypto AG from 1970 to around 2018!!
I’m not sure I totally buy this analogy. Lots of problems with it. 1. Some level of college spend is spent by individuals directly 2. Just because something is more costly doesn’t always mean it is better. Take medical care for instance. 3. A lot of college spend is on various subjects that may have debatable impact on overall productivity, not to mention fancy facilities, administration to make sure everyone feels safe and offended, etc Having said that even if the comparison is valid, I think subsidization of the advancement of your citizens is generally a “good”.
I used to know a family that had the largest white pine mill in New England. Family-owned business. Subsidized lumber from Canada put them out of business.
Subsidizing education is a very good thing. And it's clearly working as evidenced by your posts showing how dominant the US economy is.
