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"for the right reason" When companies have a choice to build in other countries then import product into the US, they will do that cost benefit analysis. If a
by kyrra 3y ago
"for the right reason"
When companies have a choice to build in other countries then import product into the US, they will do that cost benefit analysis. If a country overly regulates and industry, it will just be made elsewhere.
When politicians pass laws that just cause jobs to be outsourced so they can say they are doing "the right thing" but not attempt to force other countries to follow, all you are doing is virtue signalling and killing jobs.
- pylua 3y agoThat's the key thing -- not expecting other countries to follow the standard we set. At times it is also even the same values. It's absurd that we don't do this.
- CPLX 3y agoYou don’t have to let imports flow into the country without assessing costs to that as well. These are all policy choices.
- jahewson 3y agoThat’s protectionism and it makes us all poorer.
- CPLX 3y agoNo, it doesn’t. Like any policy that affects a complex adaptive system it has winners and losers and elements of unpredictability. Don’t worry I actually have a degree in economics, you don’t have to explain why you think that. Doesn’t mean it’s a model that corresponds with reality, or that dictates policy choices.