What if America Never Exported its Industry? Doing so was the stupidest mistake in history

Discussion in 'Economics & Trade' started by kazenatsu, Jul 11, 2021.

  1. kazenatsu

    kazenatsu Well-Known Member Past Donor

    Joined:
    May 15, 2017
    Messages:
    22,087
    Likes Received:
    6,691
    Trophy Points:
    113
    What if America Never Exported its Industry? Conclusion: Doing so was the stupidest mistake in history

    video is 12.5 minutes


    "What if America Never Exported its Industry?", Whatifalthist, Dec 28, 2018


    At the 11min 20sec mark Whatifal says doing so was the stupidest mistake in history.
     
    Last edited: Jul 11, 2021
  2. OldManOnFire

    OldManOnFire Well-Known Member

    Joined:
    Jul 2, 2008
    Messages:
    19,869
    Likes Received:
    1,145
    Trophy Points:
    113
    No exports means no imports.

    A protectionist economy?

    Do some math...duh...the US only has 325 million consumers...the world has 7 billion more!

    All that the US has achieved, all that Americans have at their disposal, and you're still whining...
     
    Kranes56 likes this.
  3. GrayMan

    GrayMan Well-Known Member

    Joined:
    Feb 1, 2010
    Messages:
    5,995
    Likes Received:
    2,111
    Trophy Points:
    113
    Stop exporting jobs/industry, not goods.
     
    Seth Bullock likes this.
  4. Chrizton

    Chrizton Well-Known Member

    Joined:
    Aug 4, 2020
    Messages:
    4,344
    Likes Received:
    2,121
    Trophy Points:
    113
    Exporting industry is not such a bad thing overall. It could be managed better. In the high-tech world, people in BFE aren't going to keep slaving for a living now that they are very much aware of how the other 80% live. Sharing the wealth keeps them peaceful.
     
  5. kazenatsu

    kazenatsu Well-Known Member Past Donor

    Joined:
    May 15, 2017
    Messages:
    22,087
    Likes Received:
    6,691
    Trophy Points:
    113
    When you "share that wealth" it ends up decreasing the level of inequality between different countries but also increasing the level of inequality within individual countries.
     
  6. Chrizton

    Chrizton Well-Known Member

    Joined:
    Aug 4, 2020
    Messages:
    4,344
    Likes Received:
    2,121
    Trophy Points:
    113
    So? The doctor and lawyer should make more than the factory worker with a high school diploma or 2 year trade school who should make more than the paperboy and all of those should make less than Bill Gates. Poverty based on consumption and not the official poverty rate has declined significantly since the 1980's. That is because allowing industries to go overseas makes goods cheaper, which increases their volume of sales, which increases the net revenue of the Gates/Bezo's crowd. (opens as a pdf: https://leo.nd.edu/assets/339909/2018_consumption_poverty_report_1_.pdf )

    Now if you want to argue that increased consumption is super bad for the environment, I am right there with you. Economically, however, income inequality is pretty damn good in the US. The only real people being left completely without a rock to stand on are those in deep poverty who largely are the mentally ill, addicts, dropouts with too many kids, etc. They are the people who are going to be on the bottom whether Bill Gates is worth half as much or the Middle Class were worth ten times as much.
     
  7. kazenatsu

    kazenatsu Well-Known Member Past Donor

    Joined:
    May 15, 2017
    Messages:
    22,087
    Likes Received:
    6,691
    Trophy Points:
    113
    Um no, you completely misinterpreted what I was talking about.
    Never just quote someone else's single post without looking at the context of the conversation it was in.

    The person I quoted was using the term "sharing the wealth" to talk about the US offsourcing manufacturing production to China.
     
  8. Chrizton

    Chrizton Well-Known Member

    Joined:
    Aug 4, 2020
    Messages:
    4,344
    Likes Received:
    2,121
    Trophy Points:
    113
    LOL. The person you quoted was me and you truncated my post in your response, and yes, I stand by my post. Apparently you do not.
     
  9. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    114,803
    Likes Received:
    43,510
    Trophy Points:
    113
    yep, and doing the same with IT now, some day India will be in total control of our digital infrastructure

    maybe in the future all America will do is print money and pay other countries for stuff and they will let us, who knows
     
    Last edited: Jul 13, 2021
  10. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    114,803
    Likes Received:
    43,510
    Trophy Points:
    113
    we just need speed limits, to even the playing field for American workers

    doesn't just protect American workers, if a place like China knew early on that we would raise import taxes if they tried to sell too low, then could have paid their employees more, those keeping wages up overseas too
     
    Last edited: Jul 13, 2021
  11. OldManOnFire

    OldManOnFire Well-Known Member

    Joined:
    Jul 2, 2008
    Messages:
    19,869
    Likes Received:
    1,145
    Trophy Points:
    113
    In a global economy industry goes where it can be most efficient and effective.

    Since people in Europe own dogs and cats, and require dog and cat food, and it's a very large market, it makes perfect sense for Purina to locate a facility in that area. The same applies to all other export potential...like automobiles. Many times industry must locate where raw materials are located, where there is abundant and qualified labor, etc.

    And why do you ignore the bottom line called profit? Like it or not, it's much less expensive to produce certain products outside of the US. If you force these products to be manufactured in the US, the prices will be much higher, and the US won't be able to compete in the global economy...
     
  12. OldManOnFire

    OldManOnFire Well-Known Member

    Joined:
    Jul 2, 2008
    Messages:
    19,869
    Likes Received:
    1,145
    Trophy Points:
    113
    It's an open global market...NO SPEED LIMITS! Either a company or nation can compete or not?

    Import taxes is a solution to nothing...
     
  13. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    114,803
    Likes Received:
    43,510
    Trophy Points:
    113
    yep, speed limits, through tariffs and taxes

    Import taxes is a solution, oly way to deal with countries that manipulate currancy and abuse their workforce
     
    Last edited: Jul 15, 2021
  14. Moonglow

    Moonglow Well-Known Member

    Joined:
    Nov 19, 2013
    Messages:
    18,251
    Likes Received:
    6,661
    Trophy Points:
    113
    Gender:
    Male
    Welcome to capitalism..
     
  15. Tejas

    Tejas Well-Known Member

    Joined:
    Feb 3, 2021
    Messages:
    3,427
    Likes Received:
    1,221
    Trophy Points:
    113
    .

    Since the end of WW2 the USA has been systematically destroyed... racially, culturally, morally, economically, etc.

    Ironically, Putin has repeatedly revealed who the destroyers are. Putin repeatedly glorifies marxists as the winners of WW2.

    .
     
    Last edited: Jul 15, 2021
  16. modernpaladin

    modernpaladin Well-Known Member Past Donor

    Joined:
    Apr 23, 2017
    Messages:
    19,220
    Likes Received:
    14,222
    Trophy Points:
    113
    Gender:
    Male
    Howya figure? We cant make more than we need and sell the rest?
     
    FreshAir likes this.
  17. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    114,803
    Likes Received:
    43,510
    Trophy Points:
    113
    yeah, Trump was the worst it got, let's not go there again
     
  18. GrayMan

    GrayMan Well-Known Member

    Joined:
    Feb 1, 2010
    Messages:
    5,995
    Likes Received:
    2,111
    Trophy Points:
    113
    Not if it is properly regulated to properly maintain the nation's internal economy. Obviously, the country needs to prioritize sustainability and its citizens success over global free trade.

    The last thing we want to do is whore out America and Americans to global corporate interests.
     
    FreshAir and kazenatsu like this.
  19. Tejas

    Tejas Well-Known Member

    Joined:
    Feb 3, 2021
    Messages:
    3,427
    Likes Received:
    1,221
    Trophy Points:
    113

    I voted for Trump... but I didn't agree on everything he said and did.

    If you think Trump was the worst... you're in for a big shock [no matter what your politics.]

    The worst is yet to come.

    .
     
  20. OldManOnFire

    OldManOnFire Well-Known Member

    Joined:
    Jul 2, 2008
    Messages:
    19,869
    Likes Received:
    1,145
    Trophy Points:
    113
    Who ultimately pays the tariffs?
     
  21. OldManOnFire

    OldManOnFire Well-Known Member

    Joined:
    Jul 2, 2008
    Messages:
    19,869
    Likes Received:
    1,145
    Trophy Points:
    113
    I suggest if the US was to ban imports many nations will ban US exports. Other than for emergency scenarios, the import/export picture needs to be somewhat equitable.
     
  22. OldManOnFire

    OldManOnFire Well-Known Member

    Joined:
    Jul 2, 2008
    Messages:
    19,869
    Likes Received:
    1,145
    Trophy Points:
    113
    Why do you suppose beer or soda, or even cars, are produced all over the world? It's not a conspiracy. It's reasonable business sense. Stuff is going to be produced wherever it makes the most sense!

    Don't mix politics with trade...
     
  23. modernpaladin

    modernpaladin Well-Known Member Past Donor

    Joined:
    Apr 23, 2017
    Messages:
    19,220
    Likes Received:
    14,222
    Trophy Points:
    113
    Gender:
    Male
    I don't support banning imports. But I do think we could rely on our own industry for the things we need if we decided to, and I think we'd all be a lot better off if we did.
     
    Last edited: Jul 19, 2021
  24. GrayMan

    GrayMan Well-Known Member

    Joined:
    Feb 1, 2010
    Messages:
    5,995
    Likes Received:
    2,111
    Trophy Points:
    113
    I don't put ideas like trade on pedistals over people.
     
  25. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    114,803
    Likes Received:
    43,510
    Trophy Points:
    113
    the people buying stuff from overseas
     

Share This Page