Is Reaganomics and free trade officially dead?

Economics have always been manipulated by governments and special interests.

Economics is now the weapon of choice to send messages to other countries.

I’m more cynical the older I get. It’s a rigged game.

Hurt consumers so think it’s bad.

However, if it’s in an industry that was protecting my job I would probably think it was good.

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I'm curious to the boards opinions of tariffs, do y'all think they are good or bad in most cases?

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we have went through this shite ad nauseum in the past with IB a CHINAMAN and his melts. do you like losing jobs? do you like dumping to lower prices and put business here OOB? or do u like the cheap goods and not GAF?

search for the threads. we laid it all out. I am not going through it all again.

just search for IB FREEMAN posts. he is long gone now and has run back to DU and reddit.

riight or keep getting fricked over right cucktown frog?

how many times do we have to lay out what other countries tariffs were on us for ages? do you remember? look it up!

fake trade or fair trade? you want fake trade right?


again look up IB a CHINAMANS posts.

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Universal tariffs is an idea associated with Keynes.

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yeah and obama and clinton being fine with fake trade makes them republicans since that is what W bush did also right?

uniparty globalists.

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It will be to the detriment of all in the long run

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does all include those children being used for child labor in those foreign countries? nothing is free, genius. somebody somewhere has to pay a price.

Frankly, it all comes down to Asian protectionism/trade aggression. China and Japan have always been very protective of their domestic industries. They want it to be laissez-faire in one direction: out.

If China were to embrace free trade, I really don't think we would have significant problems outside of a few, key industries.

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China was not nearly the manufacturing powerhouse in the early 1980s as it is now. In the 1970s, they were on par with Italy in terms of manufacturing power. By 2010, China had overtaken US in manufacturing capacity.

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Along with this, China manipulates their currency to keep the Yuan trading extremely low below the USD. They also allow slave labor. These two things combine to help keep the cost of production in China far lower than it would be in many other places (especially the US). The more that is allowed, the more production the US loses, that makes the US more reliant on China (and other countries, for a more generalized view). The more reliant one country is on another country for manufacturing goods, the more that reliant country becomes the other country's bitch.

One way to counter this is tariffs to encourage an increase in domestic production, the problem is that you also need to feed that with tax cuts on those production sectors you wish to grow. Instead, we've seen the federal government grasping for more and more taxes (like the recent change in just single individuals selling items online, for instance) to feed their continued (and increasing) debt-creation and accumulation.

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By 2010, China had overtaken US in manufacturing capacity.

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Only because they have so many people. Their manufacturing is largely lower-level crap that is beneath our economy/SOL. They are just able to do a lot of it.

Look at per capita manufacturing output and they're per capita output is total shite.

Our total manufacturing output at the PC rate we have is amazing.

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US economic policies have had to evolve as the world has changed.

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We should offshore MORE manufacturing and target only pertinent areas that can affect national security or more advanced parts of our economy (like high-end microchips or some medicines)

China is also losing manufacturing to countries with lower SOLs. I'ts one way they've fricked themselves economically.

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Holy fricking socialism.

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How, exactly, is that socialism? Protectionism? Yes, but Socialism??? I'm going to need a Vinn diagram or something for that.

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target only pertinent areas that can affect national security or more advanced parts of our economy (like high-end microchips or some medicines)

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So how is that different from what I said? Other than my answer not being as general a "some things get done" sort of answer, I mean.

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Adding taxes and tax cuts? The consumer gets doubled-fricked

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You realize the object is to promote domestic production, right? How else would you go about doing it?

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We're losing out-dated jobs for a modern economy. That's a good thing.

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That sounds like that Obama "we need to transition to a service economy" talk.

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I'm curious to the boards opinions of tariffs, do y'all think they are good or bad in most cases?

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I think its all how they are structured and the purpose. At no point do I think we should be at the mercy of another nation for survival.

Trump placed loop holes in some tariffs that resulted in new jobs here and the company avoided the tariffs.


We have twisted and bent the rules of the game so much. Why are we destroying crops? Because it keeps the prices up. If we didn't, farms would go under is what we are told. In reality, farms would switch crops.

Etc...