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What does Venezuela has to do with the EU?
by ucaetano 8y ago
What does Venezuela has to do with the EU?
- mc32 8y agoEconomics basics. Support your own industry to maintain a viable industry. Why should India or Australia buy French rolling stock if they themselves won’t deploy it? At that point, close shop.
- ucaetano 8y ago> Economics basics Sorry, but it is clear that you don't understand the very basics of economics...
- barry-cotter 8y agoArgentina supported its domestic auto industry for over 30 years and succeeded in nothing but wasting a ton of money and inconveniencing everyone who wanted a decent car. Import substitution is a great way to pay off your political allies but it’s terroble for all the people who have to pay higher prices for lower quality goods as a result. https://en.wikipedia.org/wiki/Import_substitution_industrialization https://en.wikipedia.org/wiki/Import_substitution_industrial...
- TheSpiceIsLife 8y agoI’ve seen photos of Earth from space; I didn’t see any borders. The EU is an arbitrary distinction.
- ucaetano 8y agoCool story. Irrelevant, but a cool story.