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It's not as simple as that. You can't build prosperity by hanging on to the bottom of the value chain. (Yes, you may deem some things are of strategic value -
by actionfromafar 2y ago
It's not as simple as that. You can't build prosperity by hanging on to the bottom of the value chain.
(Yes, you may deem some things are of strategic value - then you put predictable and long term tariffs on a _limited_ number of items, ramped up slowly, matched with incentives to build up capacity in that sector.)
- anonymars 2y agoThat's all well and good, but people are not replaceable machines. If there aren't enough jobs for the not-well-educated, and the minimum required education is an expensive endeavour, where does that leave people? In the past, the tradeoff appeared to be that public school was offered to everyone, and that was enough to make a living. And now?
- actionfromafar 2y agoYes, what? There can be many answers, including the government getting involved in re-educating people for more productive work. A bad answer is definitely "blanket tariff the world".