Re:Exile Economics: If Globalisation Fails
by dilyevsky on Tuesday August 12, 2025 @05:44PM
(#44882135)
Pretty obvious counter is it's not smart if in the process you've totally destroyed your domestic production
Anti-trade activists always agitate about how they'll jerk up prices after capturing markets, but Uber hasn't managed to pull it off, despite >$50 billion burned. The moment a company's margins hike significantly, they attract competitors chasing those same dollars and they have to lower prices or lose market share.