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So you would support the state of New York putting tariffs on any goods and services coming from the state of North Dakota because they have lower wages? What
by digitaltrees 10y ago
So you would support the state of New York putting tariffs on any goods and services coming from the state of North Dakota because they have lower wages?
What about the state of California putting tariffs in place on any company incorporated in state Delaware because Delaware corporate law doesn't have certain investor protections in place? I could list countless examples of US States that have less stringent regulations but still have free trade and open borders.
My point is that is impossible to harmonize all regulations and even if it was would have no clear universal benefits.
Have you ever wondered why all credit card statement comes from North Dakota? Or why companies are incorporated in Delaware? It's not because they have the strictest regulations. I don't hear Republicans demanding that we erect trade barriers between states to keep jobs where they started in the first place.
The truth is the Chinese population is willing to except regulations that allow awful environmental practices because the manufacturing that harms the environment is a significant opportunity to improve their standard of living. Let's not forget that only a few generations ago they were literally starving to death.
https://en.m.wikipedia.org/wiki/Great_Chinese_Famine https://en.m.wikipedia.org/wiki/Great_Chinese_Famine
Bringing the Chinese population into the global trading network resulted in one of the most drastic, beneficial, and impressive increases in standard of living ever. Better yet China is now moving to reduce the environmental impact by moving into higher skilled manufacturing.