Cult I Mean Group
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 1 year ago

Yellen Junks 200 Years of Economics to Block China Clean Tech

www.bloomberg.com

external-link
message-square
6
fedilink
  • cross-posted to:
  • worldnews@lemmy.ml
26
external-link

Yellen Junks 200 Years of Economics to Block China Clean Tech

www.bloomberg.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 1 year ago
message-square
6
fedilink
  • cross-posted to:
  • worldnews@lemmy.ml
The Treasury secretary’s plan is a protectionist disaster that will impede the path to net zero.

https://archive.ph/NEhqB

  • FuckyWucky [none/use name]@hexbear.net
    link
    fedilink
    English
    arrow-up
    12
    ·
    edit-2
    1 year ago

    Step back for a moment, and the suggested policy change is remarkable. One of the most distinguished living economists is rejecting what’s been one of the most fundamental principles of economics for more than 200 years: comparative advantage. If a country can manufacture goods at lower costs than you can, you shouldn’t raise tariff barriers. Instead, you should import the goods, and send back something in return where your industry is more efficient.

    This is nonsense. China (or the US) didn’t get where they are with free trade.

    “Free Trade Isn’t a Good Thing; It Creates Unemployment”

    “The case against free trade” p1 p2 p3 p4

World News@lemmy.ml

worldnews@lemmy.ml

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !worldnews@lemmy.ml

News from around the world!

Rules:

  • Please only post links to actual news sources, no tabloid sites, etc

  • No NSFW content

  • No hate speech, bigotry, propaganda, etc

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 1.28K users / day
  • 2.44K users / week
  • 5.65K users / month
  • 13.6K users / 6 months
  • 1 local subscriber
  • 36.9K subscribers
  • 14.9K Posts
  • 132K Comments
  • Modlog
  • mods:
  • Rumblestiltskin@lemmy.ml
  • AgreeableLandscape@lemmy.ml
  • Jack.@lemmy.ml
  • zephyreks@lemmy.ml
  • OurToothbrush@lemmy.ml
  • BE: 0.19.8
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org