4 ms·
Well that is the big advantage the US has. Is that we have the population for it, in comparison the US population is around 300 million whereas the entire EU is
by kneebonian 4y ago
Well that is the big advantage the US has. Is that we have the population for it, in comparison the US population is around 300 million whereas the entire EU is only 350 million. So the US has enough of a market, and it also has the resources to be able to manufacture most things locally, honestly a long with Canada and Mexico NA could be largely self contained without too many issues inside of NA.
It's the rest of the world that has benefited from globalization, from the raising the standard of living in Asia to getting cheap goods to Euorpe, but things can and will change.
- d3ckard 4y agoIt’s 332M USA vs 447M EU. And be assured, nobody benefits from isolation. Chances you outcompete everybody at everything are slim. I would also argue that SV would never grow so much without relatively free trade.
- aeternum 4y agoEven in the unlikely case that you do outcompete everybody, free trade is still a significant benefit. Many don't understand the economic principle of comparative advantage, it is counterintuitive.