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Started By
Message
re: Protectionism is not the answer
Posted on 2/24/17 at 10:31 am to Antonio Moss
Posted on 2/24/17 at 10:31 am to Antonio Moss
quote:
It's not mistakes. It's percentages. Trump's career has been constant expansion of his brand even into industries with high failure rates. On that, he's been incredibly successful with a limited number of failure over the course of several decades. It's equivalent to arguing that Drew Brees isn't a good quarterback because he had four incompletions in thirty attempts.
I'm not arguing that he's a successful businessman. he clearly is.
I'm arguing that he isn't a "master negotiator"
1
Posted on 2/24/17 at 10:35 am to Themole
quote:You can't be serious.
His doesn't come close to the amount of failures of Andrew Carnegie's.
Posted on 2/24/17 at 10:35 am to Antonio Moss
quote:
Do it via deregulation and market reforms, not protectionism.
Trump has been campaigning on how much China is kicking our arse and we need to implement protectionist policies because of their currency devaluation...etc. However he, nor his supporters ever discuss the effect of currency devaluation on capital. Rich Chinese don't just let their money sit there and devalue. They move their cash overseas and often times move with it. Trump himself has greatly profitted from this foreign investment.
China has an enormous problem with capital flight that they cannot fix because their protectionist policies inevitably lead to this result. They are burning through their USD reserves trying to prop up the RMB to prevent outflow as well as instituting capital controls that are ultimately ineffective.
Posted on 2/24/17 at 10:40 am to zatetic
quote:
China, given enough time, can bankrupt (or at least force companies to relocate to China) every free market industry one at a time using their economies of scale. This applies mainly to manufacturing, which is where the real economic values come from.
I understand how you came to that conclusion but it is not valid.
A lot, a whole lot, of the manufacturing that has moved to China is because of US regulation. Government owned industries in China still exists but those could never bankrupt entire industries. They could bankrupt the Chinese government if the scale was large enough. Southeast Asia is taking a lot of business away from China now that labor cost in China are rising. There will always be lower cost producers in the world economy--it is just a fact as economies change.
Posted on 2/24/17 at 10:41 am to NOFOX
What is really extraordinary is how the critics of Chinese monetary policy ignore our own.
Posted on 2/24/17 at 10:43 am to Zach Lee To Amp Hill
quote:
I'm not arguing that he's a successful businessman. he clearly is.
I'm arguing that he isn't a "master negotiator"
You specifically referenced his "multiple bankruptcies."
That is an unconvincing criticism.
This post was edited on 2/24/17 at 11:03 am
Posted on 2/24/17 at 10:44 am to I B Freeman
quote:
What is really extraordinary is how the critics of Chinese monetary policy ignore our own.
Right, just because we use neat euphemisms like "quantitative easing" doesn't mnake it any better.
Posted on 2/24/17 at 10:45 am to I B Freeman
quote:
What is really extraordinary is how the critics of Chinese monetary policy ignore our own.
Alas, I have but one upvote to give.
Posted on 2/24/17 at 10:46 am to NOFOX
Posted on 2/24/17 at 10:54 am to I B Freeman
Given the current trade deficit, by putting the tax on imports and not taxing exports, we raise revenue. The revenue off the border adjustment will be like $100 billion a year.
Issues?
Issues?
Posted on 2/24/17 at 10:54 am to Zach Lee To Amp Hill
quote:What government agency do you work for? Also, what did you bring for lunch today in your brown bag?
Zach Lee To Amp Hill
Posted on 2/24/17 at 10:59 am to LSURussian
quote:
What government agency do you work for? Also, what did you bring for lunch today in your brown bag?
Personal attacks. Great.
Posted on 2/24/17 at 11:00 am to I B Freeman
quote:What part of the term "negotiating tactic" confuses you? He's not going to prepare the other side for negotiations by starting at what he really wants.
I don't hear him advocating truly "free" trade but I wish he would.
Remember, Trump is the guy who wrote about how to start a difficult negotiation: Be late for the meeting so the other guy is angry and fuming causing him to lose clarity of thinking. Then walk into the room, go up to the other lead negotiator, push your index finger into his chest and say, "frick you!"
Then go sit down and start the meeting.
Posted on 2/24/17 at 11:02 am to mmcgrath
quote:We already know you live off of taxpayers. Please take it personally. You deserve it.
Personal attacks. Great.
Posted on 2/24/17 at 11:05 am to CoachDon
quote:
Given the current trade deficit, by putting the tax on imports and not taxing exports, we raise revenue.
And creates inflation which in turn decreases revenue - unless of course you want central price controls which leads in a whole different discussion.
Posted on 2/24/17 at 11:10 am to doubleb
quote:
I'm also a proponent of free trade, but when your trading partners and your trading opponents play by different rules like dumping product, like devaluing their currency and by under cutting your businesses through their governments; then we have to fight back somehow to level the playing field.
Just stop man. for the love of god.
Free trade means that markets can "fight back" for themselves. If China wants to "dump" steel, then the free trade solution is to allow people to buy cheap steel. The government attempt to protect Americans who produce steel is not "leveling the playing field", it's actually hurting the CONSUMERS of steel for the benefit of the employees or Producers of steel. there is nothing fair about free markets, and nothing free about fair markets.
Posted on 2/24/17 at 11:15 am to I B Freeman
quote:
There exists today literally tens of thousands of US tariffs on imported goods imposed over the years as "anti dumping" tariffs. A 25% tariff as Ryan proposes and Trump supports will bankrupt my business and create a monopoly for the products I make as there is only one US manufacture of the product I import to make make my products and to construct a plant to make that product could not be done with today's regulation.
Does this mean there should be no tariffs?
And on its face value, I would join you in opposing this new tariff. The idea shouldn't be to put one company in control.
Good luck in fighting that.
Posted on 2/24/17 at 11:16 am to I B Freeman
I would agree if both sides in trade participated in free trade. Other countries tariff our exports while we do very little which puts us at a disadvantage.
We should seek trade deals where both sides participate in tariff free trade but we also shouldn't refrain from imposing tariffs when other countries don't play by the rules.
We should seek trade deals where both sides participate in tariff free trade but we also shouldn't refrain from imposing tariffs when other countries don't play by the rules.
Posted on 2/24/17 at 11:18 am to LSURussian
quote:I guess that is how he has managed to overpay for nearly everything he has ever purchased. The Trump University Settlement was great too.
What part of the term "negotiating tactic" confuses you? He's not going to prepare the other side for negotiations by starting at what he really wants.
Remember, Trump is the guy who wrote about how to start a difficult negotiation: Be late for the meeting so the other guy is angry and fuming causing him to lose clarity of thinking. Then walk into the room, go up to the other lead negotiator, push your index finger into his chest and say, "frick you!"
Then go sit down and start the meeting.
Posted on 2/24/17 at 11:18 am to deltaland
quote:
while we do very little which puts us at a disadvantage.
That is BS.
We literally impose tens of thousands tariffs today.
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