But what if your trade partners don't believe in free markets? What if they are socialists or communists who set trade policy to screw with you instead of to make money?
Discussion
Surely more government intervention will fix this, right?
One reason to have a government is to intervene when other governments try to take advantage of us.
And then all the other governments do the same. Who wins? Not the common man like you and me, thats for sure
It depends on whether you government is trying to help you or to buy your vote with cheap foreign crap. It also depends heavily on other policies, so it may not work out. Do you think that means we shouldn't try?
i mean, technically it worked in the 80's when japan was outcompeting US goods, the US forced japan, france & germany to devalue the dollar relative to their currencies which created a bubble economy for all of their economies except the US. the plaza accords singlehandedly created the lost decades for japan.
china didnt want to follow in japan's footsteps, which is why china is trying to "dedollarize," expand bilateral trade from the "hard money" area of the US dollar with dollar denominated debt. that will help countries escape with their own sovereign currencies so they dont have to keep begging the world bank for international development loans & get cut off from trade if they step out of line, or beg the IMF to impose capital controls instead of letting capital flight hollow out their country, because the main goal of the financial institutions is to recycle dollars into US treasury bonds & IOUs since that is what finances US military encirclement.
the 3 most traded commodities globally is drugs, guns, & oil & the US wants to maintain its monopoly on all 3 of these sectors.
i mean, technically it worked in the 80's when japan was outcompeting US goods, the US forced japan, france & germany to devalue the dollar relative to their currencies which created a bubble economy for all of their economies except the US. the plaza accords singlehandedly created the lost decades for japan.
china didnt want to follow in japan's footsteps, which is why china is trying to "dedollarize," expand bilateral trade from the "hard money" area of the US dollar with dollar denominated debt. that will help countries escape with their own sovereign currencies so they dont have to keep begging the world bank for international development loans & get cut off from trade if they step out of line, or beg the IMF to impose capital controls instead of letting capital flight hollow out their country, because the main goal of the financial institutions is to recycle dollars into US treasury bonds & IOUs since that is what finances US military encirclement.
the 3 most traded commodities globally is drugs, guns, & oil & the US wants to maintain its monopoly on all 3 of these sectors.
