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Location: By the sea, by the sea, by the beautiful sea
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Originally Posted by Bureaucat
Not sure this is the right spot for this comment, but just an aside, the last time we had a tariff on steel, studies indicated that it cost the loss of more jobs overall than the entire number of persons employed in steel production.
I don’t see the Keynesian socialism in tariffs as much as sheer stupidity.
When prices on steel and aluminum are too high due to lack of import competition, many of the infrastructure projects will be cancelled, instead of a revived Rust Belt with low efficiency. Tariffs reduce economic activities.
When prices on steel and aluminum are too high due to lack of import competition, many of the infrastructure projects will be cancelled, instead of a revived Rust Belt with low efficiency. Tariffs reduce economic activities.
Tariffs on goods involved in the production of other goods are particularly harmful.
Karl Marx advocated Free Trade, i.e. Capitalism, because (a) whereas Protection builds up the nation-state, Free Trade breaks it down, as a prelude to the creation of a world-state by the Capitalists (b) Free Trade breaks down traditional culture, as a prelude to the creation of a world culture (c) Free Trade exacerbates class warfare, and through this the Capitalists will lose control of the world-state - they will be defeated by the impoverished classes, with the help of their backers in the higher classes.
Marx quote: In a word, the Free Trade system hastens the Social Revolution. In this revolutionary sense alone, gentlemen, I am in favor of Free Trade.
And I was wrong on Marx; however, "free-trade" is still State-managed trade.
But you just want to replace taxes with profits and have multinational-corporate-managed free trade. Globalist free-traders are the real Marxist today .
But you just want to replace taxes with profits and have multinational-corporate-managed free trade. Globalist free-traders are the real Marxist today .
the liberals always have been
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