3 ms·
> Countries who can consume and produce within themselves are going to succeed more than those who primarily import / export. What? This runs counter to basica
by icelancer 8y 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.