Linked by David Adams on Wed 30th Nov 2011 20:23 UTC
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RE[3]: How it works in Brazil
by Hussein on Sat 3rd Dec 2011 08:08
in reply to "RE[2]: How it works in Brazil"
RE[4]: How it works in Brazil
by Kivada on Sat 3rd Dec 2011 20:01
in reply to "RE[3]: How it works in Brazil"
Ah yes, the "Free Market", which goes to wherever on earth it can find the cheapest possible slave labor so it can "compete" by charging the same or more for products of inferior quality while sacrificing the economy of the country said companies are based out of?
I'll take the actual competition of having someone decide it's more cost effective long term to build a factory in my country over importing cheap crap made in deplorable conditions.
"Free Trade" is a race to the bottom and creates nothing but fiefdom at the cost of your own economy and national security in the name of over priced plastic junk.
RE[4]: How it works in Brazil
by zima on Wed 7th Dec 2011 23:21
in reply to "RE[3]: How it works in Brazil"
Protectionism and tariffs don't work.
They worked wonderfully for present industrial powerhouses, places which for a long time aggresively promoted their own industries - and only afterwards, when they are established, they push (if they can, easy for some of the bigger bullies / with the new-found industrial might) "free market" on others, to thwart, exploit, subsume, absorb possible emerging competition.
You can't just rewrite history, to suit an ideology pushed on you by a small group of people who would profit from it (well, I said "can't" but ...rewriting history is often precisely how ideologies happen)
And do you live in a b&w world of zero tariffs vs. virtually-all-blocking ones? (oh well, I imagine it's comforting for the outlook of small minds)
Anyway, in such case (that of goods promoted as "premium"), it often seems like a desirable policy of local branches in "lesser" markets. For an example from my backyard: a short hop across one river, EU countries on both sides, results in significantly lower prices on Apple products ...but with costs & taxes at least comparable - if anything, noticeably higher on the cheaper side.




Member since:
2010-07-07
Simple economics, you need import tariffs to dissuade importation that which they should be making in their own country.
It's the lack of import tariffs that is killing the US as it's killing the US consumer base by exporting labor over seas in the name of artificially low prices in the short term.
High import tariffs lead to more companies hiring more workers to make consumer products in state, thus having more people in said state with the money to buy said goods thus building your consumer base and raising your nation's overall standard of living.
Exporting your labor only kills off your consumer base because you can't have an entire economy based on the financial or service industries. To do so is to make your economy a house of cards, a nudge in any direction causes the whole thing to collapse in on itself.