3 ms·

'Dumb' is probably the right word. That's how a free market works - every actor works in their own interest. If you try to do something moral but it profits les

'Dumb' is probably the right word. That's how a free market works - every actor works in their own interest. If you try to do something moral but it profits less, then you'll be competed to bankruptcy. Just how it works. We want a more 'just' system, it requires regulation, so everybody is playing the same game. Oh! We've deregulated. That's supposed to help make folks more profitable. But, whoops, it's the same playing field no matter the particular rules. So deregulation helps who? Big players, international players. Not you and me.

aurizon 1y ago
Look at the Auto work force in 1960 and in 2025. Wages became so high that it drove automation/robots and created the Japanese/Korean/European auto industries. Had huge tariffs been enacted we would still have some of those jobs in the USA, but those lost to robotics would still be lost due to the basic economics of fabrication. Can this all be rolled back - All the King's men and all the King's horses can not put Humpty Dumpty together again. I can see a possible future where people are all paid the same $$ and you can not 'shop for slaves' as we do in Asia. This level field would take a while to achieve - even now wages in China have risen a lot and they are not the cheapest labor country now, but their assembled physical plant still dominates. China now has excess physical plant and must replace the USA as a large buyer. Other countries feel the same pressures and erect tariffs of their own. I see many years of this levelling to occur. USA will have to reduce these high tariffs because the USA needs many things and it will take 10+ years to create the physical plant that was allowed to rust away over the last 20-30 years - even now a little has returned, but the 'rust belt' has been melted down and it will return slowly.

3 ms·

'Dumb' is probably the right word. That's how a free market works - every actor works in their own interest. If you try to do something moral but it profits les

by JoeAltmaier 1y ago

aurizon 1y ago
Look at the Auto work force in 1960 and in 2025. Wages became so high that it drove automation/robots and created the Japanese/Korean/European auto industries. Had huge tariffs been enacted we would still have some of those jobs in the USA, but those lost to robotics would still be lost due to the basic economics of fabrication. Can this all be rolled back - All the King's men and all the King's horses can not put Humpty Dumpty together again. I can see a possible future where people are all paid the same $$ and you can not 'shop for slaves' as we do in Asia. This level field would take a while to achieve - even now wages in China have risen a lot and they are not the cheapest labor country now, but their assembled physical plant still dominates. China now has excess physical plant and must replace the USA as a large buyer. Other countries feel the same pressures and erect tariffs of their own. I see many years of this levelling to occur. USA will have to reduce these high tariffs because the USA needs many things and it will take 10+ years to create the physical plant that was allowed to rust away over the last 20-30 years - even now a little has returned, but the 'rust belt' has been melted down and it will return slowly.