A broad survey of the issue here by the neoliberal economist Noah Smith: https://www.noahpinion.blog/p/the-big-tariffs-are-here?publication_id=35345&post_id=144610405&isFreemail=false&r=d0v&triedRedirect=true&utm_source=substack&utm_medium=email
Smith concurs that " in order to have domestic manufacturing available for military repurposing, it’s probably necessary to erect trade barriers to protect against massively subsidized Chinese import surges. This consideration has nothing to do with American jobs or profits or trade deficits — it’s just a cold, hard military reality. Opponents of protectionism — the Cato Institute, the writers at The Economist ( https://www.economist.com/briefing/2024/05/09/the-worlds-economic-order-is-breaking-down ) , and so on — seem to have no alternative answer here." -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#30359): https://groups.io/g/marxmail/message/30359 Mute This Topic: https://groups.io/mt/106146595/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: marxmail+ow...@groups.io Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [arch...@mail-archive.com] -=-=-=-=-=-=-=-=-=-=-=-
