Correct me if I'm wrong (1 Viewer)

[Insomniac]

https://www.aei.org/economics/9-out-of-10-economists-agree/

The Initiative on Global Markets (IGM) – part of the University of Chicago’s Booth School of Business – has assembled an expert panel of 40 economists, representing a broad range of demographic groups and political viewpoints. Every week, these economists are asked whether they agree or disagree with a policy-related statement. The economists can also rate their level of confidence in their answer. IGM compiles both raw tallies of the economists’ answers as well as confidence-weighted tallies (i.e., where an economist who is more confident of his or her answer gets more weight).

Question:  Trade with China makes most Americans better off because, among other advantages, they can buy goods that are made or assembled more cheaply in China.  Confidence weighted responses Agree/Strongly Agree 100% 

This is from 2012 but as far as I know economists (liberal or conservative) have not abandoned belief in comparative advantage.

 

[Summer Wheat]

Yes, our government should force American manufacturers to start manufacturing pharmaceuticals in the spirit of self-sufficiency. Controlling the means of production if you will. 

Absolutely

 

[apalmer]

Didn't Trump say early on not to be depended on China?   With China having over 90% control over such drugs as  Ibuprofen , Acetaminophen, and many other drugs, because we decided it was best for them to produce these drugs cheaper than producing in the US.   How stupid was it to be held hostage to this?  Having China produce these drugs at a cheaper price is good, but we need a way to change that in the event of a national emergency.  Not to give them leverage in an emergency.  This is why I'm saying he's the best President we've had since Lincoln.  As a nation we have to be self sufficient in an emergency, even if we outsource things things to other countries.

I'm sorry, I'm old (so old that Johnny Unitas was the best QB in the NFL when I was in high school), so my memory isn't what it once was. But, I don't remember Trump ever raising the issue of depending on China to furnish our drugs during his campaign. I've tried Googling it, but can't find anything (again, maybe it's because us old people don't know the cyber and I don't have a 12-year-old who does to help me). Can you give me a link to refresh my memory? TIA.

 

[msommer]

So, now that the OP had been corrected because he was wrong, this topic is dead, right?

 

[Leroy Hoard]

So, now that the OP had been corrected because he was wrong, this topic is dead, right?

Might as well lock it.

 

[bagger]

This thread reminds me of the Simpson’s grandpa.

 

[Leroy Hoard]

This thread reminds me of the Simpson’s grandpa.

https://m.youtube.com/watch?v=OSAnePpFtRI

 

[jonessed]

I understand that, but why do we think - aside from our insane unilateral trade war last year - that China would cut off a massive consumer market in one sector?

Thy have recently threatened it.

 

[SaintsInDome2006]

Thy have recently threatened it.

It was a March 4th piece in Xinhua.

- It’s typical nationalistic tripe from a state run organ, not a threat from the government.

 

[rockaction]

It was a March 4th piece in Xinhua.

- It’s typical nationalistic tripe from a state run organ, not a threat from the government.

In all seriousness, isn't that redundant?

 

[SaintsInDome2006]

In all seriousness, isn't that redundant?

Nationalistic and state run organ is, but fascist/communist/authoritarian regimes have run such sheets for decades. Why something ends up in one of them has a wide variety of reasons. ‘The world should thank China’ for not cutting it off is pretty stock pablum for domestic consumption IMO. 

 

[rockaction]

Did you type "The world should thank China for not cutting if off is pretty stock pablum for domestic consumption"?

Because I think your syntax is off and I don't know what you mean. My vision is also blurry from a new medication I'm on, so there's also that possibility -- that I'm reading it wrong. 

 

[SaintsInDome2006]

Did you type "The world should thank China for not cutting if off is pretty stock pablum for domestic consumption"?

Because I think your syntax is off and I don't know what you mean. My vision is also blurry from a new medication I'm on, so there's also that possibility -- that I'm reading it wrong. 

I did, sorry if it wasn't clear. - I'm saying it's propaganda. Domestically to extol China'a greatness, for foreigners as pushback for criticism of the CCCP's failures vs containment of the virus.

 

[rockaction]

I did, sorry if it wasn't clear. - I'm saying it's propaganda. Domestically to extol China'a greatness, for foreigners as pushback for criticism of the CCCP's failures vs containment of the virus.

Ah, that makes sense. I was simply saying if a state-run organ was threatening, then really, by proxy the Chinese government is. But you're chalking it up to bluster and demogoguery. 

 

[Godsbrother]

Complete nonsense here as usual. OP brings up a valid point, and on schedule you attempt to invalidate it. Shame on you for this.

There is no way we can cost-effectively manufacture everything we need in the US.  It is not economically feasible but it sure sounds great when a politician is standing on a soap box.

Knowing that we can never be totally self-reliant, the United States government is supposed to have strategic stockpiles for everything critical to our nation's well begin in the time of crisis.