4 ms·
Trade policy was set entirely by the elites, not consumers.
by standardUser 2y ago
Trade policy was set entirely by the elites, not consumers.
- FactKnower69 2y agohilarious that someone downvoted this; I guess it's squarely our fault after all for not exclusively buying from the Made In America computer chips aisle at Best Buy :(
- 2OEH8eoCRo0 2y agoOkay, so did the elites "choose" that trade policy out of greed or because consumers were selecting for price? Trade policy also doesn't force anyone to outsource.
- Sabinus 2y agoThe elites choose that trade policy because it is efficient (specialisation), and because the prevailing wisdom since WW2 is if you trade with someone you don't war with them, so US heavily encouraged global trade.
- FactKnower69 2y ago>The elites choose that trade policy because it is efficient (specialisation) Idealist nonsense, offshoring of manufacturing capacity from highly developed countries with large union penetration to countries with lower labor costs and more lax worker protections has literally nothing to do with comparative advantage and everything to do with enabling ever more brutal exploitation of labor and higher profit margins
- klooney 2y agoAfter WWII, it was imperative that the US support free trade, especially if it meant taking a loss- all of their allies had had their industrial bases bombed out. Pressing the advantage forever would have been churlish, shortsighted, and disastrous for anti-Communism. So we have this very necessary, but outdated, free trade at all costs intellectual superstructure that we're still stuck in. Probably in another 20 years we'll be out of that, when the last of the old guard retires.
- standardUser 2y agoConsumers always want to pay less are you dense?