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by grayhatter 219 days ago
> This comes from the dated perspective that free trade is universally good.

lol, ok, I'll bite. Other than one side might try to change the rules; why should I believe is free trade is no longer universally good? What is the specific argument?

Because if the argument is that one side might impose taxes, duh? But that's no longer free trade is it?

If both sides were willing to play fair, why wouldn't that be better? And why shouldn't we all be trying to "encourage" everyone to play fair?

2 comments

There are many arguments but the most straightforward one is that a country may decide that preserving particular industries is in their security interest. That can be extended to culture as well.

Japan closed itself off from the world for centuries during the Edo period. One could say that they suffered economically due to that, but on the other hand, they ended up creating one of the more unique cultures in the world, developing in ways very different from others. It's an interesting kind of diversity.

Food production is a huge one. We don't want highly optimized farming where only the most efficient growers feed everyone else because that has the risk of global famine if something fails there. The more a system is optimized, the closer to failure it is. Same goes for all other kinds of production but food is really important compared to, say, CPUs or cars.
Fine .. say your country has a several years of drought and bad harvest. What happens then ? Do you trade then ?

Or .. lets say due to weather, your farmers can not grow enough oranges or some fruit which drives up local prices. Should only the richest people in your country get to eat fruits ?

Or you discover lithium deposits that your national industry can not use . Should you let that just sit there knowing it could make your province prosperous if traded.

You took a far too extreme interpretation that ended up backwards. What normal countries do is trade anyway but with tariffs and subsidies so that in normal circumstances, local food is competitive to keep farmers operating but if there's a local production problem, imported goods become more competitive. That buffers the population from extremes of price/availability.
Sure, you can trade but it is a choice. Claiming that free trade is universally good is saying that there is only one right choice - no barriers.