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That's how most trade works, isn't it? If I buy clothing from the EU, does that mean they must make it in the US? Forcing domestic employees is normally for vit

That's how most trade works, isn't it? If I buy clothing from the EU, does that mean they must make it in the US? Forcing domestic employees is normally for vital functions.

colechristensen 2y ago
Trade between equal-ish partners is fine and should be free and unencumbered except for a few things where you want to make sure you're also self-sufficient (like defense and ensuring your local food production can cover your population) Trade between unequal partners (or whatever you want to call companies offshoring manufacturing) needs friction. Some amount is good to equalize global economies, too much makes your local poor suffer for the benefits of your local wealthy. It is especially bad when offshored labor is being done to avoid local environmental restrictions, worker protections, etc. i.e. manufacturing which is only cheap by being irresponsible to your workers and the world.
- alephnerd 2y ago
  The winners in this case are Japanese (Kubota), American (CAT, AGCO, New Holland/CNH), European (CNH, Kioti), and Indian (Mahindra) manufacturers - all diversified conglomerates from countries allied or aligned with the US.
toomuchtodo 2y ago
Trade works however we collectively, through policy, make it work. Neoliberals were telling everyone it’d be fine to offshore manufacturing, because there was plenty of other high value work to be done, and then surprise, that gets offshored too. Corporations would sell you for parts of it earned an extra penny per share. https://www.youtube.com/watch?v=BHUGVEThmsg https://www.youtube.com/watch?v=BHUGVEThmsg > The company [John Deere] brought in $2.37 billion in net income during the quarter, down from $2.86 billion in the same period last year. Worldwide net sales and revenue also decreased 12% quarterly. > In 2023 the company made more than $10 billion in profit.

That's how most trade works, isn't it? If I buy clothing from the EU, does that mean they must make it in the US? Forcing domestic employees is normally for vital functions.

colechristensen 2y ago

Trade between equal-ish partners is fine and should be free and unencumbered except for a few things where you want to make sure you're also self-sufficient (like defense and ensuring your local food production can cover your population) Trade between unequal partners (or whatever you want to call companies offshoring manufacturing) needs friction. Some amount is good to equalize global economies, too much makes your local poor suffer for the benefits of your local wealthy. It is especially bad when offshored labor is being done to avoid local environmental restrictions, worker protections, etc. i.e. manufacturing which is only cheap by being irresponsible to your workers and the world.

alephnerd 2y ago
The winners in this case are Japanese (Kubota), American (CAT, AGCO, New Holland/CNH), European (CNH, Kioti), and Indian (Mahindra) manufacturers - all diversified conglomerates from countries allied or aligned with the US.

toomuchtodo 2y ago

Trade works however we collectively, through policy, make it work. Neoliberals were telling everyone it’d be fine to offshore manufacturing, because there was plenty of other high value work to be done, and then surprise, that gets offshored too. Corporations would sell you for parts of it earned an extra penny per share. https://www.youtube.com/watch?v=BHUGVEThmsg https://www.youtube.com/watch?v=BHUGVEThmsg > The company [John Deere] brought in $2.37 billion in net income during the quarter, down from $2.86 billion in the same period last year. Worldwide net sales and revenue also decreased 12% quarterly. > In 2023 the company made more than $10 billion in profit.