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No. You can't just wave a magic wand and order manufacturing home. Capitalists exported a lot of skill and industrial infrastructure to overseas markets, which
by anigbrowl 2y ago
No. You can't just wave a magic wand and order manufacturing home. Capitalists exported a lot of skill and industrial infrastructure to overseas markets, which can't be rebuilt overnight.
There was talk about this in the first term too, and it ended up with a lot of money from tariffs being used to subsidize farmers because they found themselves doing so poorly that suicides spiked.
- ericd 2y agoRight, it seems likely to be disruptive in the short term, and there would be skill shortages and big holes in the domestic supply chain. I mean more abstractly/directionally. It does seem like it’d be best if it was phased in predictably over a longer period of time, but doesn’t seem like that’s the plan.
- ericd 2y agoElon at least seems to be against sudden implementation of tariffs, he wants them phased in in a predictable over time, he talks about exactly this near the end of his JRE interview: https://youtu.be/7qZl_5xHoBw?si=0XNnSP8psUtXLK2K&t=8426 https://youtu.be/7qZl_5xHoBw?si=0XNnSP8psUtXLK2K&t=8426 They also talk about the problems of losing competitive pressure from protectionist systems.