Re:Kiel Institute Analysis: US Americans pay 96% of tariff b...
by disgruntledphd2 on Tuesday January 20, 2026 @11:17AM
(#46693595)
> We live in a capitalism
The absence of capital controls is a political choice that people appear to believe is just a law of the world.
If there were capital controls then local manufacturing makes more sense.
It would kill the US stock market so it's unlikely to happen, but personally I don't see how unrestricted capital and restricted labour is anything but a recipe for disaster (the consequences of which we've seen in the US and Europe since the financial crisis).
The absence of capital controls is a political choice that people appear to believe is just a law of the world.
If there were capital controls then local manufacturing makes more sense.
It would kill the US stock market so it's unlikely to happen, but personally I don't see how unrestricted capital and restricted labour is anything but a recipe for disaster (the consequences of which we've seen in the US and Europe since the financial crisis).