Message from @Mr. Nessel

Discord ID: 694166625343242341


2020-03-30 12:40:20 UTC  

That's entirely variable

2020-03-30 12:40:25 UTC  

WHAT

2020-03-30 12:41:31 UTC  

Industrial techniques and the like advance over time as long as you have an industry to begin with

2020-03-30 12:42:51 UTC  

It's so simple, do countries produce goods at differing opportunity costs? Yes or no?

2020-03-30 12:45:25 UTC  

Mate I think you should stop digging yourself a hole here

2020-03-30 12:45:33 UTC  

Just watch this

2020-03-30 12:45:33 UTC  

Not inherently. There's only certain commodities which actually have an inherently differing opportunity cost depending on the country
Fracking is more costly than extracting in Saudi Arabia for example. Fields differ inherently in what climates they are in, how fertile they are etc.
Factories almost entirely depend on technical expertise or cheap labour

2020-03-30 12:46:35 UTC  

The advantage free trade offers you is that you get immediate gratification by getting stuff cheaper

2020-03-30 12:46:51 UTC  

I have to keep re-reading what you're saying because I must be missing something.

2020-03-30 12:47:32 UTC  

So what's wrong with the law or free trade again?

2020-03-30 12:47:48 UTC  

Because it has a short time horizon

2020-03-30 12:48:02 UTC  

It's advantage is in you saving a few bucks now

2020-03-30 12:48:12 UTC  

But putting aside economic development

2020-03-30 12:48:32 UTC  

With few exception where foreing investment makes up for it like Singapore

2020-03-30 12:48:56 UTC  

It's immediate gratification

2020-03-30 12:49:19 UTC  

I am incredibly confused

2020-03-30 12:49:48 UTC  

Basically my views are similiar to this

2020-03-30 12:49:56 UTC  

I don't like the leftis shit

2020-03-30 12:50:20 UTC  

But it's the policy under which most countries industrialized

2020-03-30 12:50:48 UTC  

Right

2020-03-30 12:50:56 UTC  

It's not a panacea either though

2020-03-30 12:51:04 UTC  

So you want less net supply of goods in the world and worse material conditions?

2020-03-30 12:51:05 UTC  

You can still fuck up like Argentina

2020-03-30 12:51:21 UTC  

I know what you want, I want an argument for it

2020-03-30 12:51:41 UTC  

I'm willing to put up with higher costs of goods now if that allows my economy to develop in the long term

2020-03-30 12:52:01 UTC  

You see the link between those to things

2020-03-30 12:52:06 UTC  

I do not understand

2020-03-30 12:52:16 UTC  

Decreased costs means increased capital accumulation

2020-03-30 12:52:23 UTC  

meaning more investment expenditure

2020-03-30 12:52:30 UTC  

increased roundaboutness of production

2020-03-30 12:52:41 UTC  

and therefore more supply over the long run

2020-03-30 12:52:46 UTC  

and better supply

2020-03-30 12:53:12 UTC  

Not what actually happens. As you save money from cheap imports you receive lesser wages, capital moves abroad etc.

2020-03-30 12:53:13 UTC  

How does increased costs do that without hindering standards of liviing?

2020-03-30 12:53:38 UTC  

"As you save money from cheap imports you receive lesser wages"

2020-03-30 12:53:46 UTC  

What the fuck

2020-03-30 12:53:58 UTC  

How

2020-03-30 12:54:32 UTC  

You increase the net quantity of capital and supply and therefore increase wages as each worker increases in marginal value

2020-03-30 12:54:42 UTC  

You get cheap imports because people in your countries are losing work in favour of a country with cheaper labour costs