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Lech – Did you move to Stepford. Seriously, sounds like a great town.
The crisis in Japan, where you mention the global supply chain, is one of the strongest reasons for MORE global production, i.e. Japan buying more compnents from China, Korea, etc, just the sort of thing you are arguing AGAINST.
And the crisis in Japan also illustrates a problem with a global supply chain.
By gemini10 on March 21, 2011 10:16 AM
” jessibaby on March 21, 2011 10:07 AM
It might be too early for this, but can someone explain why protectionism doesn’t work? i.e., why cant we just manufacture stuff here again and have people buy American? It’s not the most efficient way for the world economy to function, but wouldn’t it provide more jobs and more money for more people in this country and if copied across the globe, the world?”
TOTALLY AGREED
TOTALY DISAGREE
“Well, it won’t be cheaper if you tax the crap out of it.”
Spoken like a true Democrat.
Ooof, that’s a great point M4L, we’re up shits creek without a paddle on that one.
” jessibaby on March 21, 2011 10:07 AM
It might be too early for this, but can someone explain why protectionism doesn’t work? i.e., why cant we just manufacture stuff here again and have people buy American? It’s not the most efficient way for the world economy to function, but wouldn’t it provide more jobs and more money for more people in this country and if copied across the globe, the world?”
TOTALLY AGREED
You should have complained about her. I’ve never seen her.
“Why should someone pay a higher price for something made here when something equally good, OR BETTER can be made overseas and be cheaper?â€
Well, it won’t be cheaper if you tax the crap out of it. And maybe the US one will be more expensive than the one from overseas (had you not taxed the overseas one), but if everyone has a job and has money, then it’s still affordable.
Thanks for responding though – I’m certainly just curious about how this would work and not taking a position on whether it should be done.