Re: Trump's Trade War
Posted: Mon May 20, 2019 1:01 pm
The original research thing just isn't true.
But even if it were, it is a red herring that doesn't matter.
It doesn't matter who has first mover advantage in, say, EVs. It doesn't matter who invented cars or that Ford did the assembly line or GM slapped higher end logos on the same cars.
It's more important to understand these issues as an economist rather than as a political scientist.
The simple fact is we (the world) over manufacture everything.
That means everything is commoditized.
That means price falls to marginal cost.
It doesn't matter that Apple is the most valuable company in the world and basically pays no taxes.
Because that doesn't solve the economic issues of the USA. Designed in California and built elsewhere only helps some intellectual elites in Cupertino. It doesn't help us.
Yes, Trump is an idiot, but he's not the idiot who caused these issues. Those idiots were Wall St and the CEOs.
But even if it were, it is a red herring that doesn't matter.
It doesn't matter who has first mover advantage in, say, EVs. It doesn't matter who invented cars or that Ford did the assembly line or GM slapped higher end logos on the same cars.
It's more important to understand these issues as an economist rather than as a political scientist.
The simple fact is we (the world) over manufacture everything.
That means everything is commoditized.
That means price falls to marginal cost.
It doesn't matter that Apple is the most valuable company in the world and basically pays no taxes.
Because that doesn't solve the economic issues of the USA. Designed in California and built elsewhere only helps some intellectual elites in Cupertino. It doesn't help us.
Yes, Trump is an idiot, but he's not the idiot who caused these issues. Those idiots were Wall St and the CEOs.