DaveYour theories can be traced back to around 1974.We live in a...

  1. mookie11
    3,445 Posts.
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    31/01/08
    14:46
    Post #: 3305426
    Dave

    Your theories can be traced back to around 1974.

    We live in a global economy. If we don't make goods competitive enough they don't survive. Tariffs / subsidies are designed to give an artificial boost to companies that aren't effecient enough to survive by themselves.

    Now say we do decide to start placing tariffs on imported goods - what's your strategy if other countries placed tariffs on our goods? You think they will just sit back and not mind? What would happen if China started subsidising mining companies to produce iron ore even if it wasn't profitable?
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