I see. So you are ready to try the “increase all costs” route now…
Comment on How can you oppose tariffs, while supporting a hardline against China on Taiwan?
surph_ninja@lemmy.world 1 year agoWe’ve been trying the incentive method for decades now. It hasn’t worked.
mmddmm@lemm.ee 1 year ago
surph_ninja@lemmy.world 1 year ago
Personally I’m ready to try communism, nationalization, and a planned economy.
SouthFresh@lemmy.world 1 year ago
Tariffs aren’t the way either.
The problem with incentives isn’t that they “can’t” work, it’s that they need to be at a level that makes using foreign manufacturing unattractive.
surph_ninja@lemmy.world 1 year ago
The problem is, they will leave the moment you cut off the incentive. So it becomes a permanent subsidy.
SouthFresh@lemmy.world 1 year ago
I don’t disagree with that, but it assumes the incentives are intended to expire. If the aim is to bring manufacturing back to the U.S., then one has to ensure manufacturing in the U.S. is profitable.
Tariffs do nothing for that.
surph_ninja@lemmy.world 1 year ago
That’s not correct. Almost every single manufacturing industry that was outsourced was plenty profitable here in the states. They were outsourced because it was more profitable to do it overseas. It’s a race to the bottom.
I agree tariffs aren’t the right move. Personally, I would support nationalization and import bans on certain industries.