Re:How the 2025 US Financial Crisis is Different than 2008
by lliamander on Friday April 04, 2025 @02:56PM
(#43586397)
Yes, there will still be specialization and trade in a balanced regulatory environment.
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Re:How the 2025 US Financial Crisis is Different than 2008
by ceejayoz on Friday April 04, 2025 @03:03PM
(#43586476)
Precisely.
As such, Americans don't make many of their own clothes.
Re:How the 2025 US Financial Crisis is Different than 2008
by lliamander on Friday April 04, 2025 @03:11PM
(#43586547)
No.
We don't make our own clothes because:
1. The regulatory burden on manufacturing is much higher here than foreign countries
2. Those foreign countries have a deliberate policy of maintaining a trade surplus in order to improve their own industrial capacity at the expense of our own
I would absolutely expect that even in a more level trade environment there would still be some foreign manufacturing of clothes. But what we are seeing is not the happy accident of the free market, but the result of very deliberate government policy.
Re:How the 2025 US Financial Crisis is Different than 2008
by ceejayoz on Friday April 04, 2025 @03:18PM
(#43586607)
You've left out:
3. American workers have more productive uses of their time.
Re:How the 2025 US Financial Crisis is Different than 2008
by lliamander on Friday April 04, 2025 @07:48PM
(#43588943)
No, I did not. Are you actually going to engage with the arguments I have made?