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This is the sore spot economists often have with anti-trade politics. Recap: people tend to only think of the benefits of trade in the money they make from trad
by saosebastiao 9y ago
This is the sore spot economists often have with anti-trade politics. Recap: people tend to only think of the benefits of trade in the money they make from trade, and not the products or ideas that they get when other countries make money from us. There are benefits to both buying from and selling to other countries, and by only considering one side, we make decisions that make us poorer.
China doesn't want foreign companies making money from Chinese maps in China. As a result, Chinese firms may make a tiny bit more money, but one billion people have drastically worse maps.
- deleted 9y ago[deleted]
- Chaebixi 9y ago> but one billion people have drastically worse maps. This is something that the Chinese government demonstrably does not care about. They even mandate that an obfuscated coordinate system be used by GPS units and maps in China.
- majormajor 9y agoEconomists often understate the value (especially to government and powerful connected folks) of stability and control while focusing on things like "massive number of people with objectively worse maps." The potential-foreign-influenced-insurrection-to-better-maps exhange rate is tough to pin down. ;)