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Old 08-15-2017, 10:41 AM
17,246 posts, read 14,821,251 times
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Originally Posted by KerrTown View Post
It's technically impossible for a country to be completely self-sufficient. But North Korea comes very close due to their tight border, totalitarian controls, and foreign sanctions.
If they are almost totally dependent on China, then neither tight borders or anything else makes them anywhere close to self-sufficient. Dependency and self-sufficiency are opposites of each other, they can't be both almost totally dependent and "very close" to being self-sufficient at the same time.
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Old 08-15-2017, 10:57 AM
Location: my little town
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As the global economy crashes, regions will either become more self-sufficient or depopulated. After the USA splits into various smaller nations, autonomous units, failed states, etc., there could be some trade between those areas. Global trade may eventually return, but at a much smaller scale, for a few items of high value.
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Old 08-15-2017, 03:26 PM
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Originally Posted by Yuptag View Post
Would it be possible for the USA to be self-sufficient or become self-sufficient in the next 5-10 years for the following 30-50 years in all major aspects: food, fuel, medicine, metals, manufacturing.

Seems that the USA could: plenty of agricultural land and fishing grounds; plenty of petroleum, plenty of land of solar, wind power, coastline for wave power; best medical research and medicine production. Missing low value-added manufacturing, but it seems we could revive that in 5-10 years, plenty of iron ore and incentive to recycle.

I think there are few countries that are blessed to have enough skilled people, large enough population, and enough natural resources.
Yuptag, the independence due to capability of being self-sufficient is desirable. To entirely produce all goods and services we use, (only because we use them), is foolish.

Annual trade deficits are always drag upon their nation’s GDP and particularly drag upon their numbers of jobs, (more than otherwise).

I’m among the proponents of a policy for “Import Certificates” that would significantly reduce our nation’s chronic annual trade deficits of goods. The proposal’s self-funding, its net costs are passed on to USA purchasers of imported goods.
The policy’s substantially market rather than entirely government driven.
At no additional cost to anyone else, any increases of prices due to markets, (rather than due to federal administrative or assessing of goods tasks), effectively serve as price subsidies for USA exports.
It cannot prevent importation of a product for which there’s an effective USA demand.

Refer to Wikipedia’s “Import Certificates” article.
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