Tariffs are not a new concept and have been used historically to build economies. Top China analysts in the Obama administration credited its economic rise to protective tariffs and high barriers to entry for any foreign companies to sell in country.

I’m probably a bit older than most lemmy users and remember when tariffs were a major talking point for democrats as a positive thing to protect American jobs. Hell, growing up in the Midwest, all my dad and his buddies that worked union jobs had to vote democrat because of their aggressive tariff policy to protect their jobs.

So what if trump is right about tariffs and it reinvigorates the American economy? Will people find another reason to credit the success to? Will it be the end of blue collar voting for the democrats?

Edit: Markets are rebounding hard, I bought low, glad Lemmy is full of pseudo intellectual economic morons. How is Lemmy going to cope now?

      • mapumbaa@lemmy.zipEnglish
        11·
        11 days ago

        I believe in meds and I believe in science. Especially the science of complex systems. I don’t believe in political philosophy branded as science. The reproducability metric of social sciences and political economy is so bad that the complete field should move into humanities and philosophy (which isn’t bad, but it isn’t science). Aspiring sciences.

        I mean it isn’t a secret that huge amounts of resources has been poured into neoliberal think tanks since the 70s. It’s an ideology which justifies the rich getting richer. Such stuff always get at lot of funding. It’s inherent.

        I don’t think I’m the one who’s in lack of critical thinking here Mr 420.