OK lets set things straight on sanctions and trade. Anytime you bring this up people jump to the far side of the argument and say stuff like ”protectionism only makes matters worse”, etc.
Like any issue there is a logical way to go about it and there is hyperbole. Yes, too much protectionism is bad, but…..would you agree that too little is bad as well? Protectionism as in “protecting your jobs”.
It’s about FAIR trade. We have been giving our jobs to counties that practice outright protectionism for decades. Why? Japan has ALWAYS carefully balanced its trade to “protect” its manufacturing base. Japan has been one of the richest countries in the world with good jobs, low unemployment and high wages all without even the tiniest natural resource.
How do they do it? They keep trade fair (or rather, tilted to be way more fair for Japan and its workers). Why can’t we do that?
Not practicing an aggressive trade balance policy is asking/begging the rest of the world to play fair. Not gonna happen, ever.
And you can’t ask Americans to do it themselves because most will gladly send their money and US jobs to Korea if they think it will save them a few bucks.
The excuses for why you bought a Hyundai are so boring. We all know why you bought one, no need to try and convince us that you somehow had no other logical choice. Just admit that you thought you could gain a small personal advantage (at the expense of your country and fellow worker).
Hyundias don’t have that crazy long warranty because they are better than other makes, of course not. They have it because they are buying market share. They can afford to make much less on a car than GM because they:
1) Have full backing of their Gov. to go out and gain world market share.
2) Can manilpulate thier currency to make it “look” like they are making a bit of a profit and avoid dumping repercutions:
Currency manipulation is a major contributor to the U.S. trade deficit. Our Japanese, Korean, Chinese and other Asian trade partners have resisted freely-floating currency values, which has made their exports more competitive vis-à-vis U.S. products. This has contributed to these Asian nations being respon-sible for almost half of the U.S.trade deficit. http://www.autotradecouncil.org/Upload/ATPC%20CURRENCY%20FINAL.pdf
3) Pay their workers $5 or whatever a day in Korea (where most US hyundais are built).
4) Don’t have the horrible disease GM suffers from called “legacy costs” consisting of providing tens (hundreds?) of thousands of Americans with good pensions and healthcare (oh God the horror!).
Now put yourself in the shoes of Legacy Cost people as Japan and Korea get the final pay-off in their automotive trade war with US jobs. An engineer in Ohio who worked 35 years for his pension gets a letter saying the courts nullified his life’s work. Another is a retired 30 year Tool and Die maker who never sat foot in a UAW meeting loses his pension in a parts supplier Bankruptcy. ETC…..
Sure you saved a few bucks buying that Korean Elantra (built solely in Korea), sending $20k dollars to Korea to stimulate and educate their society, repair their roads, etc. but in the long run it will cost you much more than what you saved.
You will pay for the failed pensions and healthcare benefitsn thru higher taxes. Who did you think was going to pay, the Gov.? All jobs will suffer some form of wage deflation as hundreds of thousands get thrown onto the job market, so even though you may not see it, you will be paid less in the future because of what is happening right now. IF….if, you still have a job.
Sure we can’t go back in time and save the US home electronics industry or textile industry, but we might have another shot at saving the US auto industry WHICH IS WHAT THIS THREAD IS ABOUT.
