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Clothes are much cheaper than they were in 1960. You could bring the garment industry back to the US but you wouldnt be able to sell your products because they
by HDThoreaun 10mo ago
Clothes are much cheaper than they were in 1960. You could bring the garment industry back to the US but you wouldnt be able to sell your products because they wouldnt be price competitive with sweatshop products.
- rayiner 10mo agoYou can just ban imports of the sweatshop products.
- HDThoreaun 10mo agoThe problem is that people like sweatshop products. If you ban them you get voted out because of massive inflation.
- bdangubic 10mo agolike all Apple products?
- 0xbadcafebee 10mo agoProtectionism has been proven time and again to fail. Over time inflation rises, trade gets worse, prices get higher, fewer choices, then the economy fails; it's a shitshow. Even if we wanted to buy domestic-only, wealth inequality is so fucked that our people couldn't afford it. The way to solve that is higher wages, smaller corporate profits, cheaper healthcare and cost of living. But you know that ain't happening. Our economy is built around corporate profits. We're basically one large hedge fund with a lot of uber drivers. So while you can get away with protectionism during the reign of an insane person for 4 years, you eventually need to move stuff back overseas, because nobody here can afford the stuff you make here. (You could export all your goods, but then what's the point of the protectionism?)