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by bluGill 2538 days ago
I'm a free market capitalist. The response we give is if country A is cheaper we should let them do it and concentrate on what we can do well instead. Even if county A is better in everything, they have limited resources so they are better off buying from us something they could do better just so they can concentrate on what they do well while we get good at something we can do but not as well. In the end the efficiency of scale allowed be working together is better for both of us.

It probably makes sense to ignore the above for things like guns and ammo - in case the other country decides to use this monopoly on military supplies against us in war. This is a worst case though, and is rarely required in the real world.

2 comments

> This is a worst case though, and is rarely required in the real world.

Is it though? We're currently talking about the national security concerns coming from frickin magnets. We could have the same conversation for soybeans or steel or manure. There are a lot of things that are crucial in a country's functioning.

That argument assumes that country A's economy does not affect lives of citizens in the purchasing country (B?). Global warming, among other effects, violates this assumption. Carbon pricing + tariffs on carbon make complete sense even in the free market capitalist mental framework.