Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (67574)	10/25/2013 10:38:35 PM
From: LLCF	Read Replies (1) \| Respond to of 71588

Sure, teams within teams.... and the country is a team as far as global issues go... when it deals "as a country"... including war. Sure, trade should run how buyers and sellers want it to run.... again, at various levels of course... local, state, national, and then international. Of course the framework is NEVER anyone can buy from anyone... all the way down to local economies there are frameworks within frameworks and regulations at each level. If you don't have rules or regulations about who can provide goods to your country and in what way... THEN you're population will default to supplying in the same way or you'll be at a disadvantage internationally. If there is enough slave labour about, anyone producing like goods in your country will also have to work in similar conditions minus shipping and handling or probably go out of business unless there are rules that stipulate what type of manufacturing processes are allowed to be imported into your country. There are all sorts of tariffs and regulations that make TONS OF SENSE, and in fact, help to DECENTRALIZE economies.... which your adam smith piece essentially is an example of. For example... if Japan decided to allow imported food to be fungible with domestically growth food, theoretically they could stop producing food all together (food production globally become more centralized) AND theoretically everyone would be better off, since the rice farmers and food producers would start to work in industries/businesses where they have a competitive advantage.... the planet would be "better off" as would Japan because all would be more efficient. on a day to day basis. Of course we can all immediately (well, maybe not the blind dogmatist) the problem (or asymptotic possiblilties if you will) here... this all presumes we are all working together and there is no need for local food production... we need CENTRALIZATION for absolutely free international trade... we need a global government to make insure Japan is guaranteed food... and until then, it's actually potentially deadly for the Japanese people if their government agrees to have it's domestic food disappear. Again, it's like biology... there are certain functions that are important to retain and NOT differentiate out to others... local food supplies are one as far as the global economy goes... there are plenty of possible events that make not having local food or water a very bad idea, even though SHORT TERM it seems to make financial sense. There are plenty of examples of where the market just won't plan for "asymptotic events", nor were they meant to.... that's what governments are for! DAK