Tiberius Decimus Maximus said:
Certain demise how? Russia can deny access for satellite launches through their rockets, which sucks in the short term, but as you mentioned we're already developing new models, and lack of access to Russian rockets will only stimulate American industry and innovation.
Such a transition takes years. The earliest possible date, wtih everything going perfectly, means we will fly an American engine (BE-4) in 2019. But these things are always delayed. We only have that sort of time leeway in peacetime.
Why would we initiate nuclear holocaust over the annexation of a peninsula in a corruption ridden, indecisive Eastern European country, or over a bunch of islands in the S. China sea that didn't even exist a year ago, for the sake of the likes of Vietnam or the Philippines, which has ever been bipolar about our presence.
I never said we should do a nuclear first strike or even a strike against either coutnry, all I say is that we should raise tariffs on Russia and China as punishment for their actions there. I support the idea of supplying the Ukrainian military or at least temporarily replacing their navy which Russia stole (it was based in Crimea) but that's pretty unrelated to trade policy.
Eternal said:
Besides the obvious comparative advantage argument (Dirk Robbing, have you perchance taken basic microeconomics? If not, here's a stupid yet informative quick video on the topic: https://www.youtube.com/watch?v=FpTBjRf8lGs) I would also argue that free trade is good precisely because it causes temporary job losses. If America is going to sit on the strength of its manufacturing, it will never win on the global markets simply due to China's ridiculous population and low labor, and tariffs aren't going to remove either of those things. What job losses force countries to do is to actually have most of its labor in areas that it can turn a profit in, and this is where capitalism shines. We are increasingly becoming a tertiary and quadernary sector economy, which is phenomenal because this is an area that China cannot compete with us in, because they simply do not have the educational institutions that requires.
Being an engineering and science based economy is great, but that's not feasible for the entire economy.
I want the entire American country to be as productive as possible. That means that everyone does the job they are capable of.
30.4 percent of adults over 25 have a bachelor's degree or above. So while we try to get everyone educated so we CAN eventually outsource everything to China while we work in STEM fields, that is not and won't be feasible for a long time. Those uneducated people should not just be dead weight until they agree to work for next to nothing under the table. There are factories already built in America that are being left to rot. Let's reopen those and put the folks who are already trained to manufacture Ford cars to work making cars; because it suddenly becomes quite unprofitable to manufacture elsewhere. And the people will be paid a fair wage, not an "internationally competitive" **** wage. Because those "internationally competitive" wages won't be competitive in the American market.
I watched the video and I think I could answer it on a test but I don't really find it convincing.
Clinging on to areas of the economy (farming, industry) that we are bound to fail in is nuts, and we're just going to continue to subsidize/bailout huge companies and never reap the benefits. Let it go, let free trade occur, flood the American economy with cheap foreign goods so that our people can actually get profitable service and IT-sector jobs that our excellent post-secondary educational institutions thrive in.
I don't think we should subsidize or bailout. Simply make it so the only way to sell to the American market is to manufacture here. Let GM and the big banks die, and let new companies take their place. And manufacture in America. If they aren't manufacturing in America, there should be a place in the market for a new company to gain an advantage by manufacturing here, for as long as there are workers willing to do it. And wages shoudl rise accordingly, as there is more demand for workers but the same supply of workers the wages will rise, the quality of life rises, the people have more money to spend, economy grows, and **** you China you don't get any of it.