Re:EU leaders agree to cut emissions by at least 55% by end ...
by whimsicalism on Friday December 11, 2020 @01:02PM
(#25388637)
You're making a lot of pretty wrong economic claims and I think there are enough easy distinctions between Google and the market in manufactured goods that I don't need to spend a lot of time responding to that.
> If you are a net importer you have to take on loans otherwise you would not be able to purchase imports without any money.
Not apriori true at all. Imagine I am a country of one. I have $100 million of cash and export absolutely nothing. I buy an equity stake in some companies in some other country (Nigeria) and wooh boy it's fast growing and I'm getting 12% returns. I then spend all of those returns buying goods from China. I'm a net importer and yet haven't taken out a single loan.
> If you are a net importer you have to take on loans otherwise you would not be able to purchase imports without any money.
Not apriori true at all. Imagine I am a country of one. I have $100 million of cash and export absolutely nothing. I buy an equity stake in some companies in some other country (Nigeria) and wooh boy it's fast growing and I'm getting 12% returns. I then spend all of those returns buying goods from China. I'm a net importer and yet haven't taken out a single loan.