▲ | DecoPerson 16 hours ago | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Manufacture in country A and sell in country B. Or vice versa. But never manufacture and sell in the same country, or the government might try to get you to pay for your negative externalities! And now, there’s this annoying predicament where as you introduce more laws and more enforcement, you only cripple your own economy and rarely cause any significant improvement along the lines of what you hope. Look at Australia — we have all these appliance safety laws, but all of the appliances are made overseas and there’s no good point for the government to inspect and enforce compliance with those laws. I just bought a generic vacuum sealer from an online shop the other day. It was cheaper than buying at a brick & mortar store, even with delivery, and it definitely does not comply with Australia safety standards. We’ve killed our local industry, and our economy is suffering for it. I don’t think the answer is to remove the safety/etc laws, but instead to tax all imports enormously. Be aggressive and unfair so that local industry is immediately viable. It’ll be painful, but it’s what most countries need. Comparative advantage turned out to be a terrible basis for international trade. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | danielheath 16 hours ago | parent | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This is what tariffs do well. When you tax a local manufacturer, you impose an equal tariff on imports. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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▲ | tonyedgecombe 9 hours ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Then other countries will retaliate with tariffs on the goods you export. Ultimately we are all left worse off. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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