You misconcieve tariffs to be this absolute and abominable policy
Originally posted by MetalHeadz
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As far as oil goes, I'm sure there's a lot more to it. Considering that much of America's supply comes from the middle east. Our economy is fueled by oil, it's become essential in our every day lives, where as bananas are replaceable by another fruit. You're drawing my argument about a fruit that is not essential to something that we as western society view as being very-essential.
Tariffs (practically speaking) are only ever used when domestic businesses are weaker than foreign competition; this paradoxically sustains the premise that tariffs are domestically beneficial. You misconcieve tariffs to be this absolute and abominable policy and you overestimate the necessity for international equity: self-interest is a prerequisite to growth and in many cases specialisation. It may not be as efficient as capitalism, but it can keep make weak industry and thus employment sustainable.
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