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Someone tell me again why we allow Chinese imports? Because if everyone responded to import quotas with import bans, we wouldn't have this nice world economy e
by andreyf 17y ago
Someone tell me again why we allow Chinese imports?
Because if everyone responded to import quotas with import bans, we wouldn't have this nice world economy everyone's so fond of.
- yummyfajitas 17y agoBecause if everyone responded to import quotas with import bans... I proposed an import quota identical to the Chinese one, except that it only applies to China. If every country responded in kind, then no country would be doing what China is doing. (No one provoked China's bad behavior.) If every other country responded in kind only to the one country who is behaving badly, that single country would be isolated and might change their behavior.
- andreyf 17y agoThat works better in middle school than it does in macroeconomics. Each country has different economic needs - strict tit for tat won't necessarily lead to an optimum. Don't worry, America has its share of import quotas and tariffs, as well.
- sounddust 17y agoIf society reaches the point where all countries but one are aligned on the same principles, and only one country in the world is behaving badly, then I think your solution will work.
- jpwagner 17y agohaha, well said