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> It will never happen. There will always be some lower labor cost region where manufacturing jobs can be sent, and there will always be some loophole which cor
by kinsomo 8y ago
> It will never happen. There will always be some lower labor cost region where manufacturing jobs can be sent, and there will always be some loophole which corporations can use to get around restrictions.
It will have to happen. IIRC, the US has trade deficits with pretty much every country it trades with. At some point, those places are going to get tired of trading real goods for IOUs and IP, especially once there are competing providers of IOUs and IP.
- blunte 8y agoThose other countries have developing economies and populations. It won't be long before the other large countries stop seeing the US as significant -- they'll be trading with each other where appropriate. Isolationist policies result in the obvious: isolation.
- kinsomo 8y ago> Those other countries have developing economies and populations. It won't be long before the other large countries stop seeing the US as significant -- they'll be trading with each other where appropriate. Which is why the US needs to redevelop its economy to be able to produce more things that those countries might actually want to buy besides agricultural products. The IOU-based trade-deficit policy isn't going to cut it long term.