almost no drugs are made in the EU

cause of low profit, and high regulation

so the health care system is reliant on US innovation to stay competitive

if the US were to impose tariffs on medical products the EU socialized system would also break.

that's why Sweden hasn't really grown in a decade https://tradingeconomics.com/sweden/gdp-growth?continent=g20

now drop that on a population of around 10 million. What could possibly go wrong?"

/rant

lol

"Every country has half the people below average"
That's called statistics
>unskilled = middle class
Not really
If you wanna talk about why economies and why they're fucked, look to legislation m8. Why inflation is consistent, why costs for labour and living are so high, how the power and money consolidation happens

true

China is cheaper, even with shipping costs and tariffs, because costs in the US are too high

Because the goal in the west is, in effect, artificial growth

Oh, c'mon, 'costs in the US are too high' is complete rubbish.

Saving money is discouraged, buying on credit is incentivized. Hiring locally is discouraged, outsourcing is incentivized

How so?

If it costs more to hire an American to produce for Americans than it does to outsource to a country halfway around the world and ship everything to/from there, and people will still buy your product, who is going to hire Americans?

My answer to that hypothetical is to either ban offshoring or raise tariffs sky-high.

But you've conceded my point then

There are some things that china are just well placed to produce. Most of that is tech stuff. And thats partly resources they owned inside their borders, and ones they have "secured" outside it.

There are also things that China does a shit job of producing at what would generally be considered acceptable standards in the west, but it hasn't caused people to buy local 🤔

'Buy American' isn't being marketed very effectively.

How much cheap steel and lead paint does it take to cause domestic purchasing? Apparently a substantial amount

Who isn't marketing it effectively?

Consumers have to be informed about cheap steel and lead paint if they're ever going to avoid it.

They are, frequently

How so?

There are news stories about lead paint every time people find out about it

That's obviously not effective marketing.

People stop buying that specific product for a while and then go back to those companies later if they boycotted at all

Again, whose marketing?

American companies or governments.

It's now up to the government to advertise for companies? And domestic production does get put front and center on sites/storefronts where it is utilized, however they make less money than companies that pay cents on the dollar for their products (because Chinese labour, even with the cost of shipping, is far cheaper than an ever increasing minimum wage and the various taxes and expenses small businesses are burdened with, which is also why we see so many companies utilizing tax havens)

Actually screw advertising. If demand for Chinese cheap steal and lead paint is as inelastic as you claim then we can and should be imposing ridiculously high tariffs on them.

Whys that?

Because it's easy revenue.

And?

Easier revenue than personal income tax.

They just move production to Vietnam. It's not like it'll come back here

And we just tariff imports from Vietnam.

Okay, but you're not providing justification. You're just bitching

Let's just tariff the entire third world?