Re: "if the chinese can pay their workers 30 cents an hour and make a go of it...I say more power to them... Isn't that what this free market stuff is all about..."
NO. That is just your shallow understanding talking.
Re: "I guess they just have to decide if they want to have a steel industry in 10 years"
NO. Unless you'd like to adopt, say perhaps, the former Soviet Union's planned economy. It worked SO well for them, I hope you find a nice place trying it all again, and move here, ggg.
But maybe your implication is right, maybe we should bail out EVERY status quo unionized(or otherwise) industry for ever and ever.
And for this war concern, we could have our government subsidize the capacity we need for our war machine. Perhaps a better solution than tariffs. At least direct purchasers could still buy lower cost steel, and of course no unionized steel jobs would need be lost.
And for the sake of jobs, we could have started protecting jobs either of these ways long ago. Who would worry about work if we had fewer job losses over the decades...just think, we could still have a robust abundance of products on the shelves, like buggy-whips, and....mechanical meat grinders...and..and...and..
Oh shoot, freedom works,
Dan B |