SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: paul61 who wrote (68006)8/23/2005 2:49:23 PM
From: Maurice Winn  Read Replies (3) | Respond to of 74559
 
<BUT -trade barriers gives YOUR Nation JOBS >

Paul, that's false, wrong, incorrect and confused. Trade barriers do not create jobs. Jobs are not objects which come into existence like a galaxy popping out of a black hole. Jobs are agreements between two parties that one will do something for the other in exchange for money.

Trade barriers disrupt economic flows, and disruptions create unemployment.

Trade barriers transfer wealth from some people in a country to other people in that country. If steel cannot be imported, local suppliers can raise their prices and if fellow citizens want to buy steel, they have no choice but to buy locally.

If their business depends on selling things made from steel overseas, then they go out of business or lose money because the foreign buyers won't pay the higher prices.

To test your theory that trade barriers create jobs in YOUR country, you could shut off all people, goods and services movements into and out of the USA and see how well off everyone is after a year. That would be a LOT of fun. Imagine how many jobs there would be and how much better off people would be.

No more of that silly Saudi oil. No more of that Made in China stuff. Everything could be done right there in the USA.

Mqurice