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by oarsinsync
1188 days ago
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The difficulty with this kind of retaliation is that it's more obviously only "harming" your own citizens. When a govt imposes trade tarriffs, it's effectively taxing it's own citizens to disincentivize them from purchasing those goods, steering towards others. When a govt imposes bans, it's preventing it's own citizens from using a service. Yes there's an economic angle to the supplier of the service, but this isn't a financial transaction where a person would vote with their wallet to use the cheaper alternative. This is the attention economy, people want to use the platforms they enjoy using, because they're all free anyway. |
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The Econ 101 way to look at it. In the real world, it also promotes domestic production, creating jobs and often helping "nascent industries", and in many cases ultimately leading to even lower prices over the long term as domestic industry matures. This is how basically every advanced economy industrialized. See the work of South Korean economist, Ha-Joon Chang.
https://www.goodreads.com/book/show/1032019.Bad_Samaritans
>people want to use the platforms they enjoy using, because they're all free anyway
Agree with the first part, but one's attention is hardly "free". It is, in fact, the ultimate opportunity cost when squandered on these services.