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By this reasoning, an economy which banned all imports would thrive more than one where trade wasn't micromanaged. Do you believe isolationism is a wealth-maxi
by DINKDINK 8y ago
By this reasoning, an economy which banned all imports would thrive more than one where trade wasn't micromanaged. Do you believe isolationism is a wealth-maximizing strategy?
>makes you less vulnerable to foreign economic pressure
Should someone in the city block next to mine be allowed to sell in mine? How about the next town, state, country, continent? Where ever you draw the line is who you've --implicitly-- declared economic war with.
- deogeo 8y agoReduced trade and economic interference does not equal war. And just because the strategy doesn't make sense when taken to the very extreme, doesn't mean it's not good in small amounts - the dose makes the poison. But why argue theory when we have empirical evidence. From https://en.wikipedia.org/wiki/Comparative_advantage#Criticism https://en.wikipedia.org/wiki/Comparative_advantage#Criticis... : "none of the world's most successful trading regions, including Japan, Korea, Taiwan, and now mainland China, reached their current status by adopting neoliberal trading rules."
- DINKDINK 8y ago>economic interference does not equal war Please tell me how you are able to interfere in trade without violence. Interference necessitates violence. If country A has a ban on products from country B, country B sends a ship with products to country A. To enforce the ban, men with guns from country A are going to detain the ship. You are arguing for a paradigm where the crew on the ship should be imprison or arrested (or worse) when they have aggressed against no person nor their property.
- deogeo 8y agoBy that logic, the very existence of borders means war. Or are you making the point that ultimately, all authority derives from violence? Including the authority to enforce contracts and private property? And I have no clue where you got the idea the crew would be worse than arrested. This has happened before, you know - they're simply not allowed to unload the ship or enter the country. By the dreaded men with guns.
- DINKDINK 8y ago>are you making the point that ultimately, all authority derives from violence? Authority is different from aggression. If Alice and Bob, ex ante, agree to have Mandy the mediator settle a contract they have willingly given her authority. Mandy's authority does not depend on a violation of two-party consent. >they're simply not allowed to unload the ship or enter the country The implicit action is that they'll be shot or imprisoned if the refuse to follow the orders. If I own the dock and then the political establishment changes who I can associate with "Anyone except those foreign devils from Country B!" they have effectively stolen from me (called a Taking). I used to have a product that could do X and Y and now only X. Saying that I'm free to immigrate to a different country is theft apology.
- deogeo 8y agoYou knew the terms of business in Country A when you bought the dock there. If you don't like them, you're free as in Free Market to do business in a country you prefer better.
- pytester 8y ago>Please tell me how you are able to interfere in trade without violence. It's impossible to conduct trade on a meaningful scale without debt, and debt is always backstopped by violence.
- speedplane 8y agoBankruptcy laws and public credit histories allow debt without violence.
- speedplane 8y ago> Please tell me how you are able to interfere in trade without violence. Innovation and open competition can interfere with trade without violence.