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Yes, there will still be specialization and trade in a balanced regulatory environment.
by lliamander 2y ago
Yes, there will still be specialization and trade in a balanced regulatory environment.
- ceejayoz 2y agoPrecisely. As such, Americans don't make many of their own clothes.
- lliamander 2y agoNo. We don't make our own clothes because: 1. The regulatory burden on manufacturing is much higher here than foreign countries 2. Those foreign countries have a deliberate policy of maintaining a trade surplus in order to improve their own industrial capacity at the expense of our own I would absolutely expect that even in a more level trade environment there would still be some foreign manufacturing of clothes. But what we are seeing is not the happy accident of the free market, but the result of very deliberate government policy.
- ceejayoz 2y agoYou've left out: 3. American workers have more productive uses of their time.
- lliamander 2y agoNo, I did not. Are you actually going to engage with the arguments I have made?
- ceejayoz 2y agoYou've not made any, just assertions.