If every country has its own economy, there will be far more companies and jobs than if only a few multinational companies exist in the entire world.
National protectionism has the same problems as state or city level import restrictions would, just at a different scale: you're throwing away comparative advantage, wasting time and capital duplicating others' work (so this time and capital is no longer available to unsolved problems), etc.
No, it usually doesn't. There are benefits of scale but there are also diminishing returns.
Having, say, a steel mill in every town would be a huge waste but centralizing all steel production in one place on the globe would provide only a very minor, if any, benefit over doing it in fifty countries at the massive hidden cost of now world-wide fragility of steel supply. (This almost happened with hard drives.)
You joke, but that's exactly what antitrust is about. When AT&T was broken up, dozens of flowers bloomed almost overnight. Unfortunately that was the also the apex of antitrust enforcement (certainly in the US and possibly worldwide).
In many ways, the ugly side of globalisation is often a failure to enforce real antitrust legislation: if a market has so few players that abandoning a location means losing a factory, then there should be space for antitrust action. You want a market so rabid that competitors would jump at the chance to take over an existing factory and already-skilled workforce.
Unfortunately it's also the sort of thing where nation-states rear their ugly heads, as they compete to establish their own champions. If I break my companies into smaller ones and you don't, your companies now have a powerful advantage when playing in my market, because they can exploit economies of scale that mine cannot. This has no solution unless we give more teeth to supranational bodies like the WTO, which nobody really wants to do, but it's probably the only way to save globalist capitalism from itself.
Independence in case of war is a good reason for governments to "overpay" domestic suppliers for defense contracts. It doesn't require them to isolate the general public from trade in peacetime.
Because nobody is arguing that. You're inventing an absurd position to argue against a pretty reasonable one.
>you're throwing away comparative advantage, wasting time and capital duplicating others' work (so this time and capital is no longer available to unsolved problems), etc.
Is this supposed to be a problem? Efficiency gains have simply gone into ballooning corporate cash stockpiles rather than demonstrably better purchasing power for consumers. Paradoxically, this is weakening the economy as more capital concentrates in fewer hands and consumer demand begins to falter.
Why is country less absurd than any other level of government?
The chasm between human development in a country's cities vs. its countryside is even wider around the world.
[0] https://en.wikipedia.org/wiki/List_of_U.S._states_by_income
Ah yes, that would be the definition of relatively.
Or are you implying that the difference in development between SF and Mobile, AL is bigger than the difference between the United States and Bangladesh? Because I would be highly suspect of that implication...
Tariffs were common US policy when they served the interests of the elite. They only became ideologically unthinkable when they might have been used to protect the interests of the common people.
Trade deals could have been written to lift up working standards and environmental protections in foreign countries and to limit the effect on the American workforce. Instead they were written to facilitate wage, labor and environmental protection regulatory arbitrage and undermine the position of the American working class.
It ceased to exist mere 26 years ago.
Personally, I think if we got rid of even 50% of the stupidity and corruption in our respective societies, there would be so much to go around for everyone it would be a utopia. But if we don't do this, and soon, I'm very worried that everything is increasingly going to flow up to the top x% who own the machines, and the survival of the rest will literally be at the whim of them, their government officials, and their security forces.
I think that its in everyone's best interest to consider yourself first; then when you're secure & able, help your neighbor. There's nothing keeping some companies from having establishments in both countries.
If I refuse to buy something made in a distant sweat shop and pay more for a product from a company that treats its foreign labourers fairly, I'm putting a stranger over my children in that I could have spent that extra money on the kids instead. That kind of decision making is not unheard of or unrealistic.
Then you have the people who only care about themselves and their family, I guess a good percentage of the population will choose in favor of their family rather than someone's else.
Then people empathize with those who share things in common with them (culture, ideology, social status, race, nationality, religion) a kind of extended family.
Then you have people who think we should empathize with everyone around the world, but do they really?, if there was a chance where they have to decide between their children or some random dude in the other side of the world, who would they choose to help?
Is it fair? I don't think so. Would I rather help people who I empathize with? I would lie if I say no. I'm not a monster , I don't want a random guy to suffer, but there's something inside me that makes me look after my family first.
P.S. I'm from Mexico, and I live in a city whose economy depends on foreign manufacturing companies.