Nope. If the good is not imported, the prices will rise anyway for two reasons:
1) It's not just ready to sell to consumer goods that are imported, it's materials to make goods too. The civilized world is interdependent, each country specializing on selling products, parts of prodicts, and labor that it's either best at or least wordt at (it's how proper economics do). So even the consumer goods that are manufactured domestically will skyrocket because they'll contain parts that are imported with tareifs. And
2) It will eliminate or extremely reduce competition coming from other countries. What does eliminating or reducing competition do to prices? Raise them. Protectionism is always substituted by the consumers of the country that is doing protectionism.
Think about what you as a person are good at. Let's say you're an engineer. Would you rather spend 90% of your working time doing engineering and let others do tasks that they are best at and you suck at, or would you rather split your time between all the tasks it takes to survive: sheering wool, making thread, weaving that thread into fabric, sewing your own clothes, farming your own fruits, vegetables, and meat, making bricks, cutting wood, building your own house, producing your own electricity, etc etc? How much time are you gonna have left for engineering? What would be the average quality of the stuff you do/produce? See how stupid it would be to go back to the middle ages or prior? Now take it to the country level. It's the same thing. Prices rise, quality decreases.
Communist countries tend to isolate themselves like that, trying to do everything on their own amd isolating themselves. This some commie shit disguised as capitalist shit.
Creature
npub1ne…zk03w
2025-02-01 13:39:28
in reply to nevent1q…6y23
Author Public Key
npub1nedr5xspnk6wzvece5ynnt9wup0v5y508hqu96rykdqftm2pf6xswzk03wPublished at
2025-02-01 13:39:28Event JSON
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"content": "Nope. If the good is not imported, the prices will rise anyway for two reasons: \n\n1) It's not just ready to sell to consumer goods that are imported, it's materials to make goods too. The civilized world is interdependent, each country specializing on selling products, parts of prodicts, and labor that it's either best at or least wordt at (it's how proper economics do). So even the consumer goods that are manufactured domestically will skyrocket because they'll contain parts that are imported with tareifs. And \n\n2) It will eliminate or extremely reduce competition coming from other countries. What does eliminating or reducing competition do to prices? Raise them. Protectionism is always substituted by the consumers of the country that is doing protectionism.\n\nThink about what you as a person are good at. Let's say you're an engineer. Would you rather spend 90% of your working time doing engineering and let others do tasks that they are best at and you suck at, or would you rather split your time between all the tasks it takes to survive: sheering wool, making thread, weaving that thread into fabric, sewing your own clothes, farming your own fruits, vegetables, and meat, making bricks, cutting wood, building your own house, producing your own electricity, etc etc? How much time are you gonna have left for engineering? What would be the average quality of the stuff you do/produce? See how stupid it would be to go back to the middle ages or prior? Now take it to the country level. It's the same thing. Prices rise, quality decreases.\n\nCommunist countries tend to isolate themselves like that, trying to do everything on their own amd isolating themselves. This some commie shit disguised as capitalist shit.",
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