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Started By
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1
Posted on 9/5/25 at 10:54 am to Taxing Authority
quote:
with closed trade borders.
Straw man
Posted on 9/5/25 at 10:55 am to RogerTheShrubber
So, back the original question you chose not to answer, has America ever had a capitalist economy?
Posted on 9/5/25 at 10:57 am to RogerTheShrubber
quote:
Its exactly what has happened. We switched from making rubber dog shite to producing software and high tech equipment.
False. We didn't switch jobs from low to hi tech, we lost jobs and industries to offshoring. That's why the debt and deficits are accelerating, govt dependency is accelerating, and we're dependent on foreign producers, including for many high tech products.
We could try to offshore virtually every industry and have a handful of employees make a handful of "high tech stuff". Buy everything we need with fresh bills hot off the presses. That's essentially where we're heading, exporting dollars to meet our trade imbalance. It doesn't mean our economy is strong or sustainable.
This post was edited on 9/5/25 at 10:59 am
Posted on 9/5/25 at 10:58 am to GRTiger
quote:
So, back the original question you chose not to answer, has America ever had a capitalist economy?
We;'ve mainly had a mixed economy in the 20th and 21st centuries.
Posted on 9/5/25 at 10:58 am to RogerTheShrubber
How do you know your brand of capitalism works?
Posted on 9/5/25 at 10:58 am to GRTiger
quote:
Straw man
it's a question!Posted on 9/5/25 at 10:59 am to wdhalgren
quote:
False. We didn't switch,
Yes, we did.
An entire industry came online about the time low level mfg shifted. Computers and high tech.
Posted on 9/5/25 at 10:59 am to Ingeniero
Haven’t gone down since Covid - profit is king
Posted on 9/5/25 at 10:59 am to RogerTheShrubber
Crying about making steel? We make plenty. Right here in Mobile County Al.
What kind of steel goes into making soup cans?
What kind of steel goes into making soup cans?
This post was edited on 9/5/25 at 11:00 am
Posted on 9/5/25 at 10:59 am to Taxing Authority
Fine, red herring. Nobody is arguing for closed trade borders. What's the point of that question?
Posted on 9/5/25 at 10:59 am to wdhalgren
quote:What's teh current UE rate? You people act like we have ton's of excess labor and manufacturing capacity. We don't.
False. We didn't switch jobs from low to hi tech, we lost jobs and industries to offshoring.
This post was edited on 9/5/25 at 11:00 am
Posted on 9/5/25 at 11:00 am to GRTiger
quote:
How do you know your brand of capitalism works?
Market forces? frick yeah they "work." Some folks just arent fit to live or work in that environment, I suppose.
Posted on 9/5/25 at 11:01 am to RogerTheShrubber
quote:
If communists are subsidizing your purchases, you are winning and they are losing.
If you opened a good restaurant and I opened a shithole next door making terrible quality food with questionable ingredients, and brought over illegal immigrants to run it, so my menu was 10% the cost of yours, would you pat me on the back as you went out of business? Would you tell the businesses that bought my food, added 5% and shipped it all over the city that they were winning when every other mom and pop in the neighborhood closed?
Posted on 9/5/25 at 11:02 am to Summer of Jimbo
quote:
If you opened a good restaurant and I opened a shithole next door making terrible quality food with questionable ingredients, and brought over illegal immigrants to run it, so my menu was 10% the cost of yours, would you pat me on the back as you went out of business?
If I sold better food products, I wouldnt have to worry.
Posted on 9/5/25 at 11:04 am to Summer of Jimbo
quote:
If you opened a good restaurant and I opened a shithole next door making terrible quality food with questionable ingredients, and brought over illegal immigrants to run it, so my menu was 10% the cost of yours, would you pat me on the back as you went out of business? Would you tell the businesses that bought my food, added 5% and shipped it all over the city that they were winning when every other mom and pop in the neighborhood closed?
1. If people want to eat there, why are we removing that choice?
2. In your scenario, would it be fair for the city to put a 90% tax on the next door business so it costs more to eat there than my store in the name of "protecting a local business?"
3. If #2 happens, would you continue to charge the same menu prices or would you increase because now your competitor's burger costs more?
Posted on 9/5/25 at 11:05 am to GumboPot
quote:
Anti-tariff folks will propagandize annualized inflation during the price pass-through period.
Nah...because the so-called "anit-tariff" people don't really give a rip about tariffs and inflation. Yeah, it's a data point, but in the end, cost is cost. No matter how it disseminates through the economy.
IOW, if tariff costs are passed to consumer, it's a cost. If the importer absorbs the cost, it's a cost. That total cost is anywhere from $360-400 Billion on an annual basis that WILL be paid by either 1) the consumer or 2) absorbed by the company.
Either scenario is harmful to the overall economy. And it's mind bottling that the pro-tariff crowd can't understand this. it's economic stupidity to believe that either scenario is a net-postive.
This post was edited on 9/5/25 at 11:06 am
Posted on 9/5/25 at 11:07 am to BCreed1
quote:
You might want to research that again. Even Milton stated Smoot Hawley did not cause the great depression.
It's as if, you can't read.
quote:
Starting as a Republican ploy to win the farm vote in the 1928 election by increasing duties on agricultural imports, the tariff quickly grew into a logrolling, pork barrel free-for-all in which duties were increased all around, regardless of the interests of consumers and exporters. After Herbert Hoover signed the bill, U.S. imports fell sharply and other countries retaliated by increasing tariffs on American goods, leading U.S. exports to shrivel as well. While Smoot-Hawley was hardly responsible for the Great Depression, Irwin argues, it contributed to a decline in world trade and provoked discrimination against U.S. exports that lasted decades.
Posted on 9/5/25 at 11:07 am to RogerTheShrubber
quote:
Yes, we did.
An entire industry came online about the time low level mfg shifted. Computers and high tech.
No we didn't, we lost jobs. And we continue to run growing trade deficits because we're producing less than we consume, and exporting dollars to pay for the difference. It doesn't matter what we produce if we run a perpetual and growing trade deficit. Dollars are flowing out at an increasing pace and that will eventually destroy their value.
You're sort of like the alchemists of old, wanting to produce cheap gold and make themselves rich. It would work for a while, but eventually gold would lose value due to excess supply. Dollars aren't immune to supply and demand, and we're flushing increasingly excess amounts into the global economy.
This post was edited on 9/5/25 at 11:10 am
Posted on 9/5/25 at 11:09 am to wdhalgren
quote:
No we didn't, we lost jobs.
Weird, the US unemployment rate is sub 5 which is considered "full employment."
quote:
And we continue to run growing trade deficits
Because of our wealth and purchasing power
This post was edited on 9/5/25 at 11:11 am
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