Simply incredible 3-hour documentary featuring interviews and investigations with real companies, real employers, and real businesses that provide consumer electronics and computing.
Perhaps the best to date.
TL;DR Tariffs make Everyone Poorer.
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31 sats \ 0 replies \ @Undisciplined 11h
As with most government programs, tariffs reduce the general level of well being, while concentrating benefits for politically important cronies.
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500 sats \ 2 replies \ @quark 11h
End of affordable anything. Welcome back to 1870. It is going to take many years and big recession to bring back all the production. Enjoy the taxes meanwhile. And don't forget to say thank you.
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0 sats \ 0 replies \ @Bell_curve 3h
California has high sales taxes. Where is the outrage over the sales tax? The selective hypocrisy is nauseating
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0 sats \ 0 replies \ @Solomonsatoshi 7h
I do not see how most production can ever be restored to US manufacture.
It will simply not be competitive.
China has built an entire economy based on its natural advantages and state led strategy to win the trade war and they have won.
USA cannot compete on most supply chains.
All Trumps tariffs might at best achieve is a short term reduction in the (trade and fiscal) deficits by reducing US consumption and subsidizing inefficient US based alternatives. This is not going to make America Great Again. This is the policy of a president dealing with an empire in decline...and a population who still cannot accept that reality.
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0 sats \ 0 replies \ @Solomonsatoshi 7h
I feel sorry for US consumers and businesses.
Think what you like about China fact is they manufacture stuff at very competitive prices and I use their stuff to do a lot of projects that would otherwise be a lot less viable.
IMO it is insane to think any economy can afford to tariff Chinas productive outputs without suffering significantly.
China has won the trade war- they plays the decadent wests capitalism at its own game and won!
Yes the west set the rules and China (mostly) played by those rules and won.
Trump is a sore LOSER and US consumers and businesses will pay for his tantrum tariffs.
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