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The rich favor free trade. It effectively allows them to outsource production to cheap foreign labor and increase their domestic profits. You’re incorrectly ass
by rayiner 2y ago
The rich favor free trade. It effectively allows them to outsource production to cheap foreign labor and increase their domestic profits. You’re incorrectly assuming a static system where production doesn’t shift to domestic sources.
Yes, tariffs increase prices somewhat for consumers. But they encourage domestic production and domestic jobs. Ask yourself—are Americans better from importing cheap Chinese crap than they were in the 1960s when stuff was made in America?
- SiliconSplash 2y agoI notice in almost all these conversations is that many pretend that things will stay exactly the same forever and people won't follow incentives.
- HDThoreaun 2y ago> are Americans better from importing cheap Chinese crap than they were in the 1960s when stuff was made in America? Absolutely we are
- munksbeer 2y agoHow widely do you think this concept applies? Across countries? Across states? Across counties?