I grow tired of economists who haven't groked that the theory of competitive advantage so beloved by free traders is bullshit when labor is as mobile as capital.
Tariffs protect domestic industry from predatory offshoring of labor. China needs tariffs on their imports that offset their lack of environmental and labor laws.
I grow tired of economists who haven't groked that the theory of competitive advantage so beloved by free traders is bullshit when labor is as mobile as capital.
Tariffs protect domestic industry from predatory offshoring of labor. China needs tariffs on their imports that offset their lack of environmental and labor laws.