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Old 08-09-2012, 12:50 PM   #8
Elitiachirl

Join Date
Oct 2005
Posts
662
Senior Member
Default
Yes, both would be poor. There are three issues here, loss of jobs, foreign ownership and poor quality, none good for Americans.
Yet plainly, foreign goods are superior, thus your attribution is bunk.

I see three issues too:

-regulation causing deadweight loss, preventing a reallocation of labour
-hindrance of the movement and deployment of capital
-a lack of competition, caused by said regulation

There is a fourth - what business does a regime have building bridges with stolen money?
Elitiachirl is offline


 

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