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Regulatory hurdles in the import/export market are like a person trapped in a sphere at sea. Even when you run out of drinking water inside the sphere, you stil

Regulatory hurdles in the import/export market are like a person trapped in a sphere at sea. Even when you run out of drinking water inside the sphere, you still don't want the sphere to let in saltwater. It's all water but you shouldn't drink it. Your position makes sense where the sphere is floating in clean fresh drinking water. However, like an ocean is much larger than a lake, there is much more toxic crap on the market for import than there is good. Strong standards with proactive, responsive agencies make for the best public protections in imperfect markets. Whether or not this is caused by a failure there is a good question.

chicxulub 10y ago
You'd think that in a world of dynamic scaling system resources, we'd have figured out how to scale other supply chains. Tariffs and such are a virtual constraint, designed to limit intake. Too bad that governance and enforcement is far too clunky to temporarily relax artificial limits on external foreign products, in a way that permits domestic producers to expand back into the gap that opened up during the shortage. Lots of systems exist that exhibit this sort of behavior, but international trade falls short in modeling temporary conditions to maintain alignment with changing trends and incidents. It's just hard failures and lock-downs all around.
Pitarou 10y ago
Why do you assume that the primary purpose of the regulatory regime is to maintain high standards?
- justinjlynn 10y ago
  If it is not and its primary purpose is economic protectionism, in the face of otherwise fair market competition, then I am against intervention. I did not mean to imply that was the purpose for which all those agencies are used, nor did I intend to present a black/white choice in the perception of said matter. In this case, it does appear to be a case of at least limited protectionism; however, my information and expertise here is limited.

chicxulub 10y ago

You'd think that in a world of dynamic scaling system resources, we'd have figured out how to scale other supply chains. Tariffs and such are a virtual constraint, designed to limit intake. Too bad that governance and enforcement is far too clunky to temporarily relax artificial limits on external foreign products, in a way that permits domestic producers to expand back into the gap that opened up during the shortage. Lots of systems exist that exhibit this sort of behavior, but international trade falls short in modeling temporary conditions to maintain alignment with changing trends and incidents. It's just hard failures and lock-downs all around.

Pitarou 10y ago

Why do you assume that the primary purpose of the regulatory regime is to maintain high standards?

justinjlynn 10y ago
If it is not and its primary purpose is economic protectionism, in the face of otherwise fair market competition, then I am against intervention. I did not mean to imply that was the purpose for which all those agencies are used, nor did I intend to present a black/white choice in the perception of said matter. In this case, it does appear to be a case of at least limited protectionism; however, my information and expertise here is limited.