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I wouldn't think that is a bad thing per se. Countries who can consume and produce within themselves are going to succeed more than those who primarily import /
by 49531 7y ago
I wouldn't think that is a bad thing per se. Countries who can consume and produce within themselves are going to succeed more than those who primarily import / export. If I were the Chines government I'd want to keep Amazon out as well.
- giggles_giggles 7y ago>Countries who can consume and produce within themselves are going to succeed more than those who primarily import / export Citation heavily needed for that claim.
- scarmig 7y agoTake the natural experiment of the Korean peninsula. Who would prefer to live in the (relatively) free-trading, cosmopolitan hellhole of South Korea when they could live in the utopian autarky of North Korea?
- notfromhere 7y agoHe wasn't arguing for autarky, but having an industrial base.
- icelancer 7y ago> Countries who can consume and produce within themselves are going to succeed more than those who primarily import / export. What? This runs counter to basically all of human history and the rise of open/free trade. People should produce what they are best at and trade accordingly, which optimizes workflow for all market participants. Central planning of economies works exceptionally inefficiently and leads to imbalanced products available. Just ask the USSR and the availability of food.