KimAwakened
Really Experienced
- Joined
- Jan 14, 2024
- Posts
- 272
The reality is that without foreign competition, domestic prices go DOWN as producers profits rise. Wages rise as a result too.
The unseen/not discussed part is that without foreign market financial manipulation (high foreign tariffs), domestic goods get better because they don't have to have a reduced price point to equal the lower foreign goods prices. Producers don't have to cut manufacturing costs to price under market value, so that after the tariffs are added onto their product it costs the same as the domestically manufactured ones.
Nonsense, without foreign competition domestic manufacturers can get away with selling over-priced, inferior quality crap.
I find it hard to work out how such a simple-to-understand point is fuckupable by anyone except those in denial of basic truths.
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