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Well yeah, that's part of the thought experiment and part of the reason it is such a iwildly beyond-science fiction scenario. Globally, the economic impact of
by alexc05 10y ago
Well yeah, that's part of the thought experiment and part of the reason it is such a iwildly beyond-science fiction scenario.
Globally, the economic impact of cutting off ~350 million consumers would hurt but if you follow that line of thinking, there are globally, 7 billion other customers you could sell your goods to.
Is America rich per-capita for arbitrary reasons? Because, for some reason we all have decided to say they are?
So think, China can't sell all that cool shit in the US anymore. WHo gets it? CHinese citizens? Maybe they find a developing nation and sell it to them?
What would happen to the US dollar as a mark of global currency if you couldn't trade in US dollars anywhere but within America?
THey'd have to rebuild factories, jobs in running them, there's likely enough food in the farmland, but oil and gas with no imports would mean they'd have to find other sources of energy.
I mean, again, thought experiment. Science fiction.
America wouldn't just suddenly stop because of the end of trade... but how would they respond? What would the impact be to other nations if cooperation and trade was directed elsewhere?
Or would there be war in short order?