That's funny because the way I view efficiency and how my grandfather told me was the ability to get everything I need without going too far.
Just because Country A B C and D may be efficient in making 1 widget specialization each to me seems highly inefficient because of transportation. Where as having one country having the ability to create the 4 specialized widgets to me is efficient. Since as a person who needs those widgets I can go directly to the source (within a 50 mile radius) and pick up all the parts just in case the local -mart doesn't have them.
At some point libertarians do not recognize that supply chains are a thing and hinging the whole global market on very specific countries making very specific things eventually fucks everything up.
Making everything in house has always been the most efficient when it comes to production. You can monitor quality easily and keep on a eye on production. Exporting manufacturing is highly inefficient and those who buy into that 'free trade' are just morons.
I believe in free trade but it’s very dangerous to rely on one place for one thing. We’ve already seen this with PPE from China. Actually everything from China. But I don’t think free trade means lacking redundancy. Redundancy is just smart in any situation where you can’t afford a critical failure. One is none and two is one.
Honestly Free trade is never free. There's always a cost, its always hidden to the end user. Its peddled as a fake salvation when in reality it does nothing to help both sides. It often leads to one-sided issues and exploitation.
Even the late Milton Freedman who was a proponent of free trade always made mention of the benefit cost. That in reality both sides should strive to make trade equitable more than free. As access to both markets domestic and international are a benefit to a free market.
Well I guess what I was thinking more in terms of free trade was free is in freedom of speech not freeze and beer. So less regulate trade but even then there needs to be some regulations
That's funny because the way I view efficiency and how my grandfather told me was the ability to get everything I need without going too far.
Just because Country A B C and D may be efficient in making 1 widget specialization each to me seems highly inefficient because of transportation. Where as having one country having the ability to create the 4 specialized widgets to me is efficient. Since as a person who needs those widgets I can go directly to the source (within a 50 mile radius) and pick up all the parts just in case the local -mart doesn't have them.
At some point libertarians do not recognize that supply chains are a thing and hinging the whole global market on very specific countries making very specific things eventually fucks everything up.
Making everything in house has always been the most efficient when it comes to production. You can monitor quality easily and keep on a eye on production. Exporting manufacturing is highly inefficient and those who buy into that 'free trade' are just morons.
I believe in free trade but it’s very dangerous to rely on one place for one thing. We’ve already seen this with PPE from China. Actually everything from China. But I don’t think free trade means lacking redundancy. Redundancy is just smart in any situation where you can’t afford a critical failure. One is none and two is one.
Honestly Free trade is never free. There's always a cost, its always hidden to the end user. Its peddled as a fake salvation when in reality it does nothing to help both sides. It often leads to one-sided issues and exploitation.
Even the late Milton Freedman who was a proponent of free trade always made mention of the benefit cost. That in reality both sides should strive to make trade equitable more than free. As access to both markets domestic and international are a benefit to a free market.
Well I guess what I was thinking more in terms of free trade was free is in freedom of speech not freeze and beer. So less regulate trade but even then there needs to be some regulations