Rothbard and Protectionism
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@paleocrat Atheism: Wow, that can't have been easy. Props.
I came across this vid because it was recently posted on a facebook group i was taking a look at today 'the political economy of capitalism'. I see now that it's an old one.
Sweatshop labour isn't slavery. Employees in a sweatshop take judge employment there to be the best alternative available to them. The work is certainly grim by our standards, but removing that option harms people with very few options to begin with.
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If you're advocating protectionism, you're advocating the destruction of wealth. 'Nuff said.
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Well said, protectionism worked well for the U.S. for 200 years. You are totally correct about efficiency defined as cheap wages. You leave out these characters take on regulation. They constantly whine about the cost of regulation, as a comparitive advantage issue. Enviromental issues, worker safety, health and safety issues are mentioned as a determent to society instead of producing a clean resonsible envroment to live and worlk in.
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Had trouble working out what you were trying to say, but to put things simply....if you believe in protectionism, then supply/make all your own goods and services and see how that works out for you. The global division of labor benefits all who participate. I outsource everyday and am better for it!
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Economics Proverb: "You cannot take from the shallow end of the pool, place it in the deep end, and expect the water level to rise."
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"If that's efficiency, then damn efficiency to hell."
I love it..
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1: Why worry about wealth being so concentrated when every quntile has become richer?
2: Have you checked out stefbot's video on this? The tax code has had a very large impact on the income of corporate executives.
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Given your professed interest in humanitarian outcomes it's puzzling that you're not championing the use of sweatshops rather than denouncing it--Since i don't think it's controversial to suppose that the sweatshop wage improves the living conditions of the desperate 3rd world worker to a far greater degree than the protectionist wage benefits the local (to you) worker.
bitbutter 3 months ago
@bitbutter Is your life really so dull, Bit? Or was it nostalgia? Not a fan of colonialism or slavery, honestly. Call me trendy.
FTR - I left the Christian religion a year ago. I've been an atheist for that time, though I have "agnostic" on my Facebook. Long story. I was silent for the past year. No blog/vlogs; just reading, studying, networking. I only recently began talking about it publicly, especially on Facebook. It has been difficult, but I'm no longer afraid or ashamed.
paleocrat 3 months ago