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I do wonder at times if tariffs and offshoring protection are necessary at a certain point. Forcing a labor constraint on an economy (within reason) can spur ef
by lumost 1y ago
I do wonder at times if tariffs and offshoring protection are necessary at a certain point. Forcing a labor constraint on an economy (within reason) can spur efficiency. Accepting high structural unemployment in the name of the free market seems irrational.
- giantg2 1y agoI think we've taken free market to an extreme in a race to the bottom. Tariffs are probably a good thing, but maybe not in the way they have been currently implemented. Almost 15% of the country is on SNAP and we're spending hundreds of billions per month on debt interest. I'm not sure how we come back from this.
- intended 1y agoThe issue is that retraining people is hard. Frankly the race to the bottom does result in net good for humanity as a whole - but the transition period is not kind to the people who are losing their jobs.