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The US’s trade war fallacy : Comments
By Murray Hunter, published 17/9/2019According to estimates made by JP Morgan Chase, the tariffs will cost the average American family around US$1,000 per year.
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There were and remain alternatives, besides wrecking the global and national economy! All of which is both infantile and grossly counterproductive!
They are quite massively reducing the cost of energy and doable with MSR thorium also tasked with the burning of nuclear waste!
After that genuine root and branch tax reform that also reduces costs and maximises profits.
Thirdly the embracing of and preferencing of cooperative capitalism, in the knowledge this most efficient, most productive, private enterprise, free-market business model, i.e., co-ops almost alone, survived the Great Depression largely intact and the best reason for preferencing it ahead of debt-laden foreign invest by tax-avoiding price gouging, profit repatriating monolithic soulless multinationals
Finally, there has to be far better incentives for automation, R+D and direct selling from factory or farm to the client/end-user or the table, thus cutting out the middleman and in the process, halving both the cost of living and doing business.
With all those pieces in place, nobody, let alone China or any other emerging economy that doesn't follow suit, will be left behind as customers vote with their feet and their wallets around the globe!
But that would require rational minds at the helm and not financially conflicted clowns and corporate cowboys!.
Alan B.