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The Forum > Article Comments > The USís trade war fallacy > Comments

The USís trade war fallacy : Comments

By Murray Hunter, published 17/9/2019

According 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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Yes, it was the move of corporations to China and other developing economies that also exported the jobs and economic growth and increased fossil-fuelled climate change as part of a runaway economic reality, where the environment came last along with the employment prospects of the redundant former manufacturing employees?

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.
Posted by Alan B., Tuesday, 17 September 2019 11:31:05 AM
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Murray. In business, what is the prime purpose of the population?
The answer of course is to squeeze from them greater profit.

Donald will know this of course, and be very self congratulatory when highlighting the improvements to the bottom line of the American corporate empire.

A thousand dollars in a year from every American, will light many a cigar in boardrooms across the US.

Dan
Posted by diver dan, Tuesday, 17 September 2019 10:45:47 PM
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Trump policies has reduced the unemployment caused by Obama drastically. When Chrysler were going to build a big new plant in Mexico, he told them that he would hit their cars from Mexico with so much duty, they would lose money on every one. The manufacturing stayed in the US.

If that $1000 a year means 10s of thousands of workers get a job, which is Trumps plan, it will be $1000 well spent.
Posted by Hasbeen, Wednesday, 18 September 2019 12:01:00 AM
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Posted by Dial199, Tuesday, 24 September 2019 2:08:25 AM
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