I'm interested in having a discussion with some of the other users of this board regarding trade. I personally believe in free trade between nations. And no, I don't mean the globalist variety of "free trade" found in the TPP, NAFTA, or the EU. I mean real free trade, what was desired by economists like Bastiat and Hazlitt. I also don't see this sort of trade policy as being necessarily contradictory to nationalism, because people from different regions of the world having different skillsets logically means that people from an area with a larger number of people with the skills necessary to produce a certain good than areas without many people with those skills, so it would make sense for that industry to be focused in that particular nation and then to export the good to the nations where it is not produced but is desired, then for nations that would be less efficient at producing that particular good to use more resources and labor to produce it when those resources and labor could more efficiently be used elsewhere. However, I want to know what the arguments for economic nationalism, or protectionism, are.15 posts and 1 image reply omitted. Click reply to view.
I guess it will be less valuable when it is no longer backed by oil and regime change.
>>51800>no longer backed by oil and regime change.
This is what I'm betting on. Of course the Arabs will have to abandon us for China first and China can't do that till they break out of the South China sea because they can't guarantee a strong free trade till that happens. However it looks as if all the pieces have been placed for that to happen the question isn't if, but rather when it will happen and what will the results be on the US and all the economies deeply tied to ours.
I see it differently. The USA will fall apart from within (political scandals, debt, pensions, aging) and China/Russia will step into the vacuum.
I'd argue that the China Sea, Chinese overseas bases, Russia annexing Crimea are all signs of the West waning.
I speculate that China and Russia have an agreement… Russia keeps Europe destabilised while China keeps the USA destabilised.