DUDE
FREE MARKET
LMAO
>ships jobs overseas to slave laborers
Name one single thing wrong with protectionism
DUDE
Eli White
Tyler Martinez
Trump raised steel import tariffs to supposedly help the american economy. Because of this, steel price rose, generated 1$ billion in new costs for General Motors, and now they're closing 5 factories (all of them in the US) and firing 15% of their employees
Oliver Torres
protectionism is very gey so fuck yu
Angel Anderson
it's a form of aggression
Ethan Watson
Without a local steel industry your military is a paper tiger. Long term as the steel industry grows in the US steel becomes cheaper there and car companies more competitive.
Tyler Perry
Are you sure the local steel industry is growing? or that it will grow? The american economy is about to collapse because of inflationary policies. Look at the current credit expansion since 2008, it's very similar to that of 1921-1928
Kevin Howard
No but I'm sure protectionism often works, I've seen it done. Local business grows and innovates instead of everything being bought up by monolithic international corporations.
David Perry
Capitalism with strong protectionism is based.
Does anyone have data on tariffs during the founding father's time? It was pretty high then too
Connor Johnson
Furthermore free markets and protectionism aren't necessarily opposed.
It's not a "free" market when every other country is fucking weimerica with tarrifs while they don't have tarrifs of their own to compete
Jaxon Green
Lol. Wouldn't have been a problem if GM didn't ship the majority of their jobs to China in the first place.
Also they make crappy cars they might aswell collapse