3 ms·
Sorry but that's what free trade means. If NZ produces dairy products more efficiently then they deserve the benefits. At the same time in India where manufact
by stirlo 6y ago
Sorry but that's what free trade means.
If NZ produces dairy products more efficiently then they deserve the benefits. At the same time in India where manufacturing is far more efficient they have the opportunity to export as many manufactured goods to NZ as they want.
If the Indian government wants to tax their manufacturers to provide support to their now unemployed dairy farmers they are free to do so but ultimately both countries are better off with India paying overall less for dairy and NZ paying less for manufactured goods.
- AnHonestComment 6y agoMost people aren’t free trade absolutists — they want a mixture of free trade and national security. One example is US ITAR restrictions, which prevent certain technologies being exported. Another is looking to protect local food supplies against foreign competition — eg, dairy co-ops from foreign mega farms. There’s lots of empirical evidence that a mixed system is more stable with little to no loss to innovation. Most recently, COVID demonstrated the problem with foreign supply chains.