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| ▲ | nl an hour ago | parent | next [-] |
| > oh no, lost jobs and and dying economy! It worked for Australia (which has a fairly similar economy to Canada). It has led to a "Dutch disease" reliance on the resources sector in Australia, but that isn't radically different to the Australian economy before (mostly proportionally more coal & iron ore exports, less wool and grain) |
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| ▲ | inigyou an hour ago | parent | prev | next [-] |
| That is a policy choice. Why do we need jobs if we're getting unlimited free stuff? The laws of physics aren't requiring us to - we are requiring us to. |
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| ▲ | LoganDark 2 hours ago | parent | prev | next [-] |
| It is genuinely impossible to compete in a market where alternatives are cheaper enough, just look at how Amazon Basics squeezes competitors out of business. |
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| ▲ | BowBun an hour ago | parent [-] | | This is why free trade is important. We had a decent setup where countries were specializing in their own manufacturing/services specialties, and then we all paid each other for what we needed. Then some greedy fools decided they needed more, and started trying to charge more on the way out or on the way in. Now the ones that specialized in the 'must haves' of today have insane leverage over everyone else. Then the 'easy' answer is to prevent those goods from coming into your country. It's all so incredibly shortsighted, it deflates me. | | |
| ▲ | LoganDark 27 minutes ago | parent [-] | | What are you saying? If people all choose a shitty version from China, there will be no market for a good local version and businesses will stop trying. The investment required to match China's manufacturing capability in any area is simply impossible unless you say it is an AI data center. |
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| ▲ | Barrin92 30 minutes ago | parent | prev [-] |
| protectionism is what kills your economy because it cannot raise aggregate output. You can't "save jobs" in total, only a minority at the expense of the majority. When you raise tariffs on Chinese imports every consumer takes an economic hit, which otherwise would have gone to.. job creation and consumption. You'll have on net fewer jobs because you've made your country poorer. Not to mention, Canada being largely a service and resource extraction economy doesn't even really compete much with China. |
