Spare_change
Gold Member
- Jun 27, 2011
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I don't see much sense in comparing Korea and Mexico, when Korea is much more advanced than Mexico. Regardless, I don't see the sense in protectionism at all. Bastiat made a fairly convincing case against it, but I'm open to hearing how he was wrong.[
he's right.
you of course don't get it. no surprises.
Ah, because Mexico is the only source for these goods. Yep, you're still as bright as a black hole.
Mexico is in a precarious position. They have effectively one trading partner, the USA. American on the other hand, has numerous partners. There is nothing Mexico has to offer that Korea does not, save proximity. Still, given the technological superiority of the Pacific Rim, the advantage of geographical proximity is razor thin.
This is really for Kevin, your far too fucking stupid to grasp it, Jilly.
We are suffering from the ruinous competition of a rival who apparently works under conditions so far superior to our own for the production of light that he is flooding the domestic market with it at an incredibly low price; for the moment he appears, our sales cease, all the consumers turn to him, and a branch of French industry whose ramifications are innumerable is all at once reduced to complete stagnation. This rival, which is none other than the sun, is waging war on us so mercilessly we suspect he is being stirred up against us by perfidious Albion (excellent diplomacy nowadays!), particularly because he has for that haughty island a respect that he does not show for us.
We ask you to be so good as to pass a law requiring the closing of all windows, dormers, skylights, inside and outside shutters, curtains, casements, bull's-eyes, deadlights, and blinds — in short, all openings, holes, chinks, and fissures through which the light of the sun is wont to enter houses, to the detriment of the fair industries with which, we are proud to say, we have endowed the country, a country that cannot, without betraying ingratitude, abandon us today to so unequal a combat.
http://bastiat.org/en/petition.html
Bastiat's argument is an interesting, though simplistic, discussion. You will note that he fails to consider the labor impact of eliminating sunlight.
As usual, Bastiat's exaggerated argument is merely one example of simplification, intentional distortion, and carefully selected exclusion of the consequences, both intentional and unintentional, of any extreme position. There is a counter, and equally ridiculous argument to be made for the direct opposite position.