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re: Is Reaganomics and free trade officially dead?
Posted on 5/20/24 at 10:04 am to SlowFlowPro
Posted on 5/20/24 at 10:04 am to SlowFlowPro
I completely agree with you about China's future. The population time bomb + their attempted return to a planned economy is going to result in the fastest economic decline in history.
The question is whether we let them drag us down with them. I'm generally opposed to tariffs, but in this case it might be a good idea to protect those industries we deem critical to the future functioning of our infrastructure. Doing otherwise exposes us to massive risk created not by the market but by some dickwad central planners who think they know better than the market.
The question is whether we let them drag us down with them. I'm generally opposed to tariffs, but in this case it might be a good idea to protect those industries we deem critical to the future functioning of our infrastructure. Doing otherwise exposes us to massive risk created not by the market but by some dickwad central planners who think they know better than the market.
Posted on 5/20/24 at 10:14 am to TxTiger82
quote:
The question is whether we let them drag us down with them.
Here is the thing: we have options. China's already losing market share of its shite manufacturing to poorer countries, b/c it's SOL went too high (without economic alternatives, which is a reason why the house of cards is wiggling).
Vietnam, Bangladesh, Mexico, etc. have already established themselves.
Then we can move onto Africa, Central America, etc. Central America is clearly in our interest and I've been arguing for years we need to focus investments there, to build them up. We'll get the double benefit of not relying on Asian slave labor, but the economic migrants will stop coming to America (as they already have largely from Mexico).
China has no alternative, which is another reason why investing in that sort of economy is irrational. We don't want to devolve our economy to face the problems China is about to.
quote:
but in this case it might be a good idea to protect those industries we deem critical to the future functioning of our infrastructure.
I think most people are limited to a discussion on this, but the problem is that you'll get a Democratic version of "infrastructure", which means anything.
I mean we already have spent tens of billions of dollars to lure chip manufacturers here, and it's already having issues, from not having adequate workers to other technical issues.
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