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> The proper path forward IMO is capturing externalities so they can be incorporated into the existing economic framework. I totally agree! No way China should
by landemva 4y ago
> The proper path forward IMO is capturing externalities so they can be incorporated into the existing economic framework.
I totally agree! No way China should be able to have price advantages due to lack of manufacturing pollution control. And Mexico makes engine blocks for the north because of the difficulty of getting environmental approval for foundries in the north.
Pollution parity import tariffs will level the playing field and allow low-polluting factories to compete with the high polluting areas that are harming everyone.
> change their behaviors if they had to pay the full price
The imported igadgets and solar panels and baby rockers will be more expensive. If we manufacture at home we can even reduce usage of energy for transporting things from China.
- elwebmaster 4y agoThat is the only way forward. The only problem is the Fed fighting a “war” with inflation. If they would just accept inflation as the necessary evil and impose tariffs on every polluting import, both the economy and citizens of the West would be much better off. Many more jobs would be created and and the competition for labor would keep driving compensation. After 10 years just denominate the dollar and all problems solved.