3 ms·
>> i find this rise in nativistic and jingoistic sentiment weird. comparative advantage exists for a reason - we are not going to be the best at every single st
by TuringNYC 3y ago
>> i find this rise in nativistic and jingoistic sentiment weird. comparative advantage exists for a reason - we are not going to be the best at every single step of every single industry.
There are more considerations than just profits. Consider how domestic PPE plants closed down in the US because even US gov institutions wanted the cheapest product, and went overseas. Then when COVID hit, we had no local supplier for PPE.