Message from @Mr.Fisch(炫龙)
Discord ID: 701054868961624130
But it's not free trade
So you're only willing to call it free trade if literally everything has no tariffs applied to it
And the EU is the worst example with it's mercantilist policies
Because that's a ridiculous threshhold
> So you're only willing to call it free trade if literally everything has no tariffs applied to it
@Mr. Nessel
Yes
The EU has very few protectionist measures at this point
Hahahhaha
And they pretty much all relate to agriculture
Read some EU regulations
Then we talk again
Regulations are not tariffs
They are non tariff barriers
They implicitly higher the costs of not complying products
That's still not a negation of free trade
That's btw also, what is in the GATT and WTO terms
Nobody is forcing China to produce low quality garbage
But what noone seems to actually care about
Yes, because there is a demand for low quality garbage
Not everyone is rich
No wonder considering free trade is a thing
> And they pretty much all relate to agriculture
@Mr. Nessel
And now guess where all the comparative adventages of most developing countries are
Hahahhaha
Let's fuck Africa and the middle East in the ass
Comparative advantage isn't a thing outside the primary sector
And yes
Oh yeah, it's just protection fkr our farmers
> Comparative advantage isn't a thing outside the primary sector
@Mr. Nessel
Bullshit
I don't even like tariffs on primary sector stuff for that reason
Tell me why a factory in China has a comparative advantage to just being in Germany
Labour costs are variable
As is tech
It has to be magic soil making the factory work better
> Tell me why a factory in China has a comparative advantage to just being in Germany
@Mr. Nessel
I don't understand the question
Do you understand comparative advantages?
Yes
The Ricardian Axiom of association?
I know of Ricardo's version of the model
I'm talking of the Misesian interpretation
First of all it's framed wrong in characterizing opportunity costs in terms of time saving
Since that is an axiom of human exchange
Secondly Ricardo's model assumed throwing more labour at a Vineyard increases output somehow