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> trade benefits consumers much more than producers In the short term. Long term, if you don't protect them while your trading partner does, it means your key
by rbecker 6y ago
> trade benefits consumers much more than producers
In the short term. Long term, if you don't protect them while your trading partner does, it means your key industries will become foreign-owned, or simply bankrupt. After that, the idea of sovereignty, when you own none of your economy, is laughable.
- thisrod 6y agoThe problem with that argument is that industries are consumers too. If anything is going to send Australian firms bankrupt, it's forcing them to pay exorbitant prices for steel and network routers that their competitors can buy cheaply. Fun fact: these days, Australians own more of everyone else's farms and factories than they own of ours.