Message from @slavecaste

Discord ID: 800216662816587786

2021-01-17 04:11:15 UTC  

Competitive advantage had nothing to do with free trade, I do not agree with the author combining the two. Unemployment may rise in the short term but will fall in the long term

2021-01-17 04:11:33 UTC  

And industries dissapering is not it "not working"

2021-01-17 04:11:44 UTC  

You would expect industries to dissaper

2021-01-17 04:11:47 UTC  

It only falls due to government stimulus, not free trade

2021-01-17 04:11:55 UTC  

That is not how it is theorized.

2021-01-17 04:12:29 UTC  

Yes it did? What? LOL

2021-01-17 04:12:37 UTC  

Inefficient industries wither away leaving only what is nessicary

2021-01-17 04:13:00 UTC  

Its an argument in favour of free trade but the concept is still sound without free trade

2021-01-17 04:13:30 UTC  

But the industries that do wither away are efficient, not inefficient.

2021-01-17 04:13:55 UTC  

No. Take coal in the UK for example

2021-01-17 04:13:58 UTC  


2021-01-17 04:14:15 UTC  

Shit you're right

2021-01-17 04:14:18 UTC  

The concept is retarded even without free trade and to use it as a defense for free trade is shitbrain.

2021-01-17 04:14:43 UTC  

I disagree with Thatcher's methods but the coal mines were inefficient and the workers were holding the government hostage

2021-01-17 04:14:49 UTC  

That's good

2021-01-17 04:14:54 UTC  


2021-01-17 04:14:56 UTC  


2021-01-17 04:15:02 UTC  

Its good for coal mine workers

2021-01-17 04:15:09 UTC  

Its not good for the country as a whole

2021-01-17 04:15:12 UTC  


2021-01-17 04:15:19 UTC  


2021-01-17 04:15:55 UTC  

Well the industry had become bloated and inefficient and could not survive without the government propping it up

2021-01-17 04:16:19 UTC  

We aren't talking about Britain first of all

2021-01-17 04:16:21 UTC  

We are talking about America

2021-01-17 04:16:35 UTC  

The concept of competitive advantage is a truism

2021-01-17 04:16:44 UTC  

Socialist countries practiced it

2021-01-17 04:16:52 UTC  

Fudal lords practiced it

2021-01-17 04:17:09 UTC  

I do not believe in free trade

2021-01-17 04:17:22 UTC  

Second of all once the government props up those industries again (either through nationalizing or bailing out) it doesn't become any more inefficient.

2021-01-17 04:17:46 UTC  

No it isn't

2021-01-17 04:17:49 UTC  

A government proping up an industry means it's inefficient

2021-01-17 04:18:03 UTC  

It assumes perfect competition

2021-01-17 04:18:07 UTC  

A government running an industry ≠ government proping up an industry

2021-01-17 04:18:40 UTC  

I believe that it isn't good but I don't think if the government props up a industry means it is any more inefficient.

2021-01-17 04:19:06 UTC  

They can prop it up through means of nationalizing

2021-01-17 04:19:20 UTC  

No they didn't LOL

2021-01-17 04:19:31 UTC  

'Ah yes, socialist countries had competition.'

2021-01-17 04:19:41 UTC  

The Soviet Union had special zones for specific production

2021-01-17 04:19:50 UTC  

And traded internally

2021-01-17 04:19:50 UTC  

They didn't have comparative advantage tho

2021-01-17 04:20:14 UTC  

Competitive advantage is a concept not a policy