We constructed trade policy to make it as easy as possible to bring in manufactured goods from China and other developing countries with low-cost labor.
Trump's solution is bad (I'm not at all surprised), and perhaps in the past we should have had a more comprehensive trade strategy including goods, services and IP.
Give the situation we're in now, what future strategies would better improve the economy for all Americans?
I agree that "Trump tariffs are about inflicting serious short-term pain on the public for a scenario that in the best case leads to a modest gain in manufacturing jobs, which pay no better than the jobs they replace. That’s not much of a strategy." I am puzzled that "government-granted patent and copyright monopolies" have led to astronomical drug prices. How and why are they monopolies?
I hope this message gets out to the heartland cause you know they're not reading The Contrarian.
Trump's solution is bad (I'm not at all surprised), and perhaps in the past we should have had a more comprehensive trade strategy including goods, services and IP.
Give the situation we're in now, what future strategies would better improve the economy for all Americans?
I agree that "Trump tariffs are about inflicting serious short-term pain on the public for a scenario that in the best case leads to a modest gain in manufacturing jobs, which pay no better than the jobs they replace. That’s not much of a strategy." I am puzzled that "government-granted patent and copyright monopolies" have led to astronomical drug prices. How and why are they monopolies?