Comment: "It is no crime to be

(See in situ)


"It is no crime to be

"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance." - Murray Rothbard

Tariff, as all protectionism, weakens the 'protected' by insulating them from market forces that make them strong. Ultimately this 'protection' makes them too unfit to compete at all. IE the US auto industry.

If you want to strengthen America, America needs to again be the economic Sparta where the strong firms, strong by nature and not by government picking winners and losers, eat the weaker. American business is like a toy poodle or taco dog, bred to be weak, and protected from the realities of the the world. Their job is to be cute and fluffy to please politicians, and could no more exist without the protection of those politicians than a taco dog can exist in the wild.

If you want American industry to be the lion of the world again, simply cease protecting it. Do this slowly enough so those with potential to dominate will be able to adapt.

The beauty of capitalism is that firms must face evolutionary forces but people needn't, they can simply move to the new firm. It is exactly 'dog eat dog capitalism' that protects people from having to eat dogs, or being eaten by them.

Markets must evolve so that people do not face evolutionary forces. Capitalism, real capitalism, is the humane evolutionary advance of evolution itself.