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EU has a total lack of vision when it comes to in-region manufacturing. Imagine if the Union decided that 50% of all goods would have to be made in the Union wi
by arkitaip 6y ago
EU has a total lack of vision when it comes to in-region manufacturing. Imagine if the Union decided that 50% of all goods would have to be made in the Union within 20 years...
- zodiakzz 6y agoBut sadly: Imagine the fuel it will give to the Euroseptics because of any (short term) inconvenience. Then EU ceases to exist.. task failed successfully.
- drnex 6y agoThe freedom to purchase goods regardless of where they are made is better for consumers, and everyone are consumers.
- arkitaip 6y agoI would say this is one of the great myths of globalization and that we should offers consumers plenty of competitive offers from the EU primarily.
- luckylion 6y agoHow do you make companies competitive? If you just shower them with money, you often get the opposite result: they can't compete because they rely on subsidies and don't need to compete on the market. If you then force (or "heavily encourage" with tariffs etc) other companies to "buy local", you're hurting those other companies by having them buy the product that's unable to compete.
- astrange 6y agoThe way to make a good company is to make people in other countries want to buy your stuff, not just the locals. See "How Asia Works".
- vkou 6y agoNearly everyone also works for a living, or depends on someone who works for a living. Would you also argue on that same basis that strong labor protections, and high wages are better for nearly everyone? If you intend to cite negative second and third order effects as a counterargument - have you considered whether or not any negative second and third order effects might be applicable to yours?
- sumedh 6y agoSo it does not matter if the good are made using slave labour working in inhumane conditions?
- Barrin92 6y agoOur companies would start so suck because manufacturers would have less of an incentive to compete globally and instead start selling locally. This is why US cars went to shit after the protectionism of the 80s and it took pretty much two decades to recover. The reason why Italian and German small businesses are so innovative is because the global market is hyper-competitive.
- mc32 6y agoProtectionism of the 80s was a response to the complacency of the 60s that slowly eroded preeminence in the 70s due to demand for economy cars which Detroit was loath to produce. Moreover, Detroit cars didn’t get worse but rather stagnated in comparison with Toyota/Deming’s continuous improvement model.
- mikestew 6y agoI was an auto mechanic in the 80s. American cars in that period were no worse than they ever were. But they weren’t any better, either, which is why Toyota, Honda, et. al., ran rings around them on quality. As you point out, there was no drop in quality but rather stagnation that looked quite poor in light of a Honda Civic. To be fair, that ‘81 VW camper in our driveway doesn’t fair much better. I’d rather rely on an ‘80s Chevy Citation to get me home than that piece of parts-bin shit. Part of the problem for a lot manufacturers were 70s-era emissions controls, which is a small part of why a 4000 lb. vehicle has an engine that put out 68bhp.
- jimmaswell 6y agoWho says 90s American cars are bad? They're the majority of cars my family has had and they've been fine. I really like my 99 Grand Cherokee 4.7. Almost 200k miles and still running fine. Powerful, comfortable, practical, reliable enough and easy to work on when something needs to be done.
- smolder 6y agoI'm familiar with some 90s Ford vehicles that came equipped from the factory with a disdain for problem free operation. Constant histrionics from those cars.
- africanboy 6y agoEurope has the same number of Fortune 500 companies than North America. The largest market for European companies is Europe itself.
- deleted 6y ago[deleted]
- rsynnott 6y agoThat would lead to an increase in consumer prices, a decline in quality of consumer goods due to lack of competition (look at the rubbish the British car industry used to get away with due to protectionism prior to European accession...), followed by public outrage and either a swift reversal of the policy or the collapse of Europe. And there would obviously be retaliation. Europe makes a lot of the world's things-for-making-things (like this casting system, say). The market for that sort of thing would shrink due to retaliatory protectionism, and the quality would get worse due to in-Europe protectionism. In general, closed-off markets tend to produce poor quality consumer and industrial goods, priced too high.
- dilyevsky 6y agoDecided how? If by banning imports that wouldn’t work too well
- AtlasBarfed 6y agoYou "manufacturing" would become assembly of parts made elsewhere. That's what the latter stages of "Made in America" labelling consisted of.