serious

Discord ID: 452955229227319306


19,279 total messages. Viewing 100 per page.
Prev | Page 71/193 | Next

2018-09-22 01:36:14 UTC

Comparative advantages and all that

You don't *have* to live self-reliant, but the ability to be does not have any ill effect.

2018-09-22 01:36:21 UTC

You'll end up getting more stuff as a result

2018-09-22 01:36:34 UTC

Peacetime self-reliance is just a negative overall

The USA has no need to trade with the outside world.

They can grow basically any kind of produce, if they managed resources and recycled properly they could theoretically, and I think practically shutter the borders and trade.

2018-09-22 01:37:45 UTC

Sure, but it's a better idea to trade economically

2018-09-22 01:38:00 UTC

Having an absolute advantage in everything doesn't mean you'll have a comparative advantage

2018-09-22 01:38:08 UTC

It's literally impossible to have a comparative advantage in everything

2018-09-22 01:38:42 UTC

I mean, it's pretty basic economics ngl

Well, if the USA just closed itself off, how much harm would actually come to them as opposed to their trading partners?

Probably very little.

2018-09-22 01:39:28 UTC

Quite a bit.

2018-09-22 01:39:44 UTC

The US would, overall, have less goods.

They'd have fewer goods of what kind?

2018-09-22 01:40:25 UTC

Depends

2018-09-22 01:40:47 UTC

the production capacity is limited...

They can grow any sort of produce, they could make manufactories, and they have a ridiculous amount of land.

2018-09-22 01:41:26 UTC

Limited labor/time, still

There are 300000000 people there.

2018-09-22 01:41:55 UTC

I mean, still doesn't matter

The labour crisis is a sham.

2018-09-22 01:42:12 UTC

Absolute advantage =/= comparative advantage

I'm just asking why do they *need* it, not why it is nice to have.

2018-09-22 01:43:39 UTC

We need it to ensure the highest quality of life possible

Should that come at the expense of some others?

2018-09-22 01:44:15 UTC

"some others"?

Like the people who used to run factories, and farms?

2018-09-22 01:44:27 UTC

They'd benefit from having said goods?

Before they started to import those goods.

2018-09-22 01:44:35 UTC

even if you're being inefficient, you'll still get those goods

2018-09-22 01:44:42 UTC

you still need to produce goods

Yes, but their quality of life went down, because they no longer have the job they did.

2018-09-22 01:45:09 UTC

That's not really the case

2018-09-22 01:45:10 UTC

I mean

2018-09-22 01:45:15 UTC

the US is primarily involved in service industries

2018-09-22 01:45:22 UTC

So we wouldn't be affected that much

2018-09-22 01:45:29 UTC

as generally goods are outsourced

2018-09-22 01:45:36 UTC

but even then we're already involved in international trade

2018-09-22 01:45:39 UTC

just like every nation

But like, who do we focus on?

2018-09-22 01:45:50 UTC

those no longer having their job would look for work at another firm, though

Do we try to improve the life of the urban centres more, and neglect the rural areas?

Do we try to make everyone happy by stretching our resources?

2018-09-22 01:46:29 UTC

how about we try to help everyone?

2018-09-22 01:46:43 UTC

This has nothing to do with trade, though

That's going to put a lot of strain on the institute that you make to do that.

2018-09-22 01:46:56 UTC

Trade still increases the quantity of all resources.

2018-09-22 01:47:13 UTC

I say focus on those in poverty first...

Well the resources are always there.

Trade doesn't increase those resources magically.

2018-09-22 01:47:27 UTC

and just build up, gradually using governmental aid to support the lowest economic classes

2018-09-22 01:47:32 UTC

It does, though

It makes them more available.

2018-09-22 01:47:47 UTC

Yes... It makes it possible for the nation to use said resources

But the USA already has those resources.

2018-09-22 01:48:10 UTC

We're not in a post-scarcity economy.

2018-09-22 01:48:13 UTC

(yet)

Why do they *need* to get from from another?

The impact is the same.

For the country that provides those resources, there is an impact.

Whether good, or bad.

2018-09-22 01:49:20 UTC

Usually good

2018-09-22 01:49:27 UTC

assuming it's an acceptable, non-exploitative trade

2018-09-22 01:49:39 UTC

which is probably going to occur unless there's corruption or some form of implicit threat

2018-09-22 01:49:48 UTC

or, y'know

2018-09-22 01:49:49 UTC

explicit

2018-09-22 01:49:58 UTC

but we're mostly past gunboat diplomacy

I'm just asking if it is fine to sacrifice some people's quality of life to benefit many more.

2018-09-22 01:52:43 UTC

it's not really

I've never said I am against trade, or whatnot.

2018-09-22 01:52:47 UTC

"sacrificing quality of life"

2018-09-22 01:53:01 UTC

I mean, unless you beat your laborers to produce more for trade

2018-09-22 01:53:04 UTC

then sure, that's fucked

Well again, a factory worker that loses his job so the city can buy cheaper trinkets.

2018-09-22 01:53:19 UTC

Our economy is already specialized for international trade anyways

2018-09-22 01:53:31 UTC

so it's not like I'm proposing any change

You sacrifice the factory to get cheaper goods.

2018-09-22 01:53:37 UTC

and obviously, the change should be gradual

2018-09-22 01:53:39 UTC

No...

2018-09-22 01:53:44 UTC

You'd be changing the product of said factory

But many places do not.

2018-09-22 01:54:01 UTC

instead of making their own trinkets, maybe they make something they have a comparative advantage at

Because generally there is nothing that you can make that you can't get from China.

2018-09-22 01:54:25 UTC

well, yeah

2018-09-22 01:54:29 UTC

we're talking about comparative advantage

2018-09-22 01:54:37 UTC

not just... "trade everything"

So, the factory ends up a casualty of the system. What happens to the people that lose their employment, or the town that was built around the factory?

2018-09-22 01:55:59 UTC

Not a casualty...

2018-09-22 01:56:05 UTC

It'd end up producing another good

But just because they produce a good

It does not mean people will buy it.

2018-09-22 01:56:34 UTC

saying you're changing goods to focus on another type of production, or, put simply, to specialize, doesn't mean you're not utilizing that industrial capacity

2018-09-22 01:56:42 UTC

I mean, it's under the implication that a trade deal is in place

You need a buyer before you start production.

2018-09-22 01:57:28 UTC

eh, not always...

Well what the hell are you going to do with your products?

19,279 total messages. Viewing 100 per page.
Prev | Page 71/193 | Next