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For a thorough economic analysis, I recommend Patrick Boyle. The gist is that tariffs are redistributive: They take income from the household sector and transfer it to protected businesses — both within the US. Whether Canada will be thrown into a recession depends on how badly Canadian goods are demanded by US consumers.
The basic economic incentive for international trade is the same why we have different professions for people: by dividing labor, countries can specialize and be more efficient in producing particular good or service, making it cheaper for everyone. Yes, you can grow bananas in Canada, but it's just way cheaper to do it in warm climate. The flip side is that Canada will never gain the expertise needed to grow bananas, and will not have any bananas if the other countries close down shop. This is fine without bananas, but if you replace "banana" with "weapon", then some people start worrying about "natural security".
This is not directly related to your questions — but I'm genuinely curious. How would you describe the harm that the left has done to you and your loved ones, and how would you say the mainstream media misrepresents Trump?
The reason why I'm asking is that I'm firmly anti-Trump — I have no hate for him, but I do believe that he will make the lives of almost everyone worse, including his own supporters, except for the direct beneficiaries of his authoritarian rule.
And I'm bringing this up with you because I'm curious why his own supporters would support him, even though he will harm them. Obviously, that doesn't make sense to me. 😅
Before I expand on that, I'd like to expound that my core value systems is humanism — essential, every human being is worth caring for. That includes you, every Trump supporter, all leftists, and people of all colors. However, it appears to me that Trump supporters do not necessarily see it the same way, and then it becomes a question of how much care I can afford for a human that is fine with harming me.
Now my quick rundown of Trump: The key tactic of populist figures is to deceive about the actual benefit of their policies. Will Trumps' tarrifs improve the lives of most American consumers? Judging by argument above, the answer is "no". Does Trump care? The answer is — "no". Why would he care? Why would he not lie to everyone? His good character? But he doesn't seem to have a good character? And will people be able to tell the difference? The answer is "no" — that's why the deception works. Most people do not understand well enough what effect tariffs have — and they will harm themselves if they belief they work while the reality is that they don't. It's the discrepancy between belief and reality that is the source of harm. And the populist strategy is to play exactly that: Tell people what they want to believe, reinforce it, throw new beliefs at the wall and see what sticks, without any regard for reality. Everyone who is in on that deception will win, everyone who is not will lose out.
As Henry George put it in his 1879 book "Progress and Poverty":
“A theory that, falling in with the habits of thought of the poorer classes, thus justifies the greed of the rich and the selfishness of the powerful, will spread quickly and strike its roots deep. This has been the case with the theory advanced by Malthus.”
I can’t answer for the user you’re replying to, but can for me. The answer is immigration. Until mass immigration ends, immigration is the only issue that matters. Every normal policy can be quickly reversed, but in human history, mass immigration is usually (albeit not always) forever, especially under liberal democracy.
A huge global recession caused by Trump’s tariffs policies would be awful, but the alternative was acquiescing to the most harmful policy of the last 70 years of Western civilization. If my voice is heard (and of course it isn’t really), it must be for that.
Thanks!
🤔 But — could you describe how immigration harms you personally?
I'm asking because the general argument against immigration is an indirect economic argument. The argument typically goes like this: The land can support a certain size of population. If more people come in, the land will not be able to produce enough food for everyone.
The trouble is just: This argument is precisely the Malthusean theory that my quote of Henry George refers to. And it is unfortunately not an accurate model of reality — it's not true. And hasn't been since 1879. 😅 After the invention of fertilizers, land size is not a big issue anymore — the economy now runs on goods and services that people produce for each other. Sure, immigrants lead to more consumption of goods and services — but in order to be able to buy these, they also need to work to produce them. In other words, "land" has been replaced by "labor" — and while an immigrant can, by definition, not bring the resource "land" with them, they can and do bring the resource "labor" with them anywhere they go.
Not the poster you are responding to, but there are some cities in Europe now where, if I go outside, I am mostly among young men who are dressed and act to signal capacity for violence, have strong ingroup bias among themselves, and communicate (often exclusively) in languages that I have little to no knowledge of. I think it is appropriate to be on one's guard in such a situation, and to adjust one's general course of action to take the attendant risks into account; and I think that this adjustment should count as a personal harm.
I happen to live near a neighborhood with such tendencies. But is that a consequence of immigration for failed policy for integrating immigrants? For example, if these people are not allowed to work legally — they have to resort to criminal work (drugs) to make a living. It looks like the very attempt to actively restrict illegal immigration is making this perceived problem worse.
I can see how "ingroup of young men with foreign language" tends towards harm. But that's not quite the same as "harm of immigration".
Let's say that I have a knife wound on my arm. If I get a hammer and then break my arm in an attempt to treat the knife wound, is this evidence that attempting to treat injuries is a bad idea that just makes injuries worse?
Restricting illegal immigration means that these people are deported or otherwise not in the country. Keeping them in the country but legally prohibiting them from working is the exact situation that most immigration opponents are trying to avoid, because illegal guest workers lack worker protections and violate the society-wide bargain between labour and capital. The best answer is to vigorously enforce laws against employing them and to simultaneously send them home.
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