Reply to: Trade war begins

[scooterscot]

Would now be a good time to buy up US steel and just store it somewhere in the US?

[sasguru]

Never said it was a good idea, you smoke too much weed. I said it was common and a sensible retaliation to another trading party doing it. China has been taking the piss for years but you are blind to this for some reason.

Globalization has been an abject failure but the propaganda machine rolls on doesn't it? It's been responsible for the hot flows that fed the dot-com bubble and then real estate.

I don't smoke weed. In what way has China been taking the piss?
Perhaps people who are smarter than you can see that having a billion people who have some consumer power is good for the West both economically and for political stability and have allowed the protectionism that many developing countries need at first?
You need to have some perspective and remove your head from up your arse where it seems to be lodged.
Globalisation has lifted millions of people from poverty around the world. That's a good thing for the world as a whole.
It's the only way to prevent migration flows from becoming compeletely intolerable.
And it seems to be working fine for many people in the West.
Maybe you should have worked harder at school - it's obvious you're pretty poorly educated - your logical ability and powers of analysis are piss poor.

[TwoWolves]

So in which part of your superior education were you taught that protectionism might be a good idea for an advanced economy like the US?
I don't think economists always know what they're talking about but there are areas of economics that have empirical evidence attached.
For example, price controls seem to be an obvious way to protect poor people but they ususally lead to shortages.
And likewise the idea of non-protectionist free trade has been a leitmotif of the UK economy and other EUropean economies since at least the 18th century, simply because it led to greater prosperity.

Never said it was a good idea, you smoke too much weed. I said it was common and a sensible retaliation to another trading party doing it. China has been taking the piss for years but you are blind to this for some reason.

Globalization has been an abject failure but the propaganda machine rolls on doesn't it? It's been responsible for the hot flows that fed the dot-com bubble and then real estate.

[scooterscot]

£320m a week is starting to seem like a bargain.

[sasguru]

The Tabloids are merely entertainment, the culprit is state education.

So in which part of your superior education were you taught that protectionism might be a good idea for an advanced economy like the US?
I don't think economists always know what they're talking about but there are areas of economics that have empirical evidence attached.
For example, price controls seem to be an obvious way to protect poor people but they ususally lead to shortages.
And likewise the idea of non-protectionist free trade has been a leitmotif of the UK economy and other EUropean economies since at least the 18th century, simply because it led to greater prosperity.

[sasguru]

To be fair though...
[Originally Posted by sasguru
I'm not an expert...]

.

Lack of expertise in any subject area is easily fixed with a bit of objective research, congenital cretinism, such as you possess, is, sadly, irremediable.

HTH, BIDI.

[sasguru]

Once again you're going from North Korea at one end to cutting edge desirability like Bugatti to prove your point which is quite sad. Take a look at the new BMW 310 being developed in India with TVS as a case in point. It will sell well locally and will be exported to Europe also.

Since you are obsessed with Royal Enfield for some reason note the huge rise in sales they have had over the past 10 years domestically and internationally and the new 650 twin that is on the horizon and a new r&d division here in UK. So your point about Royal Enfield turning out tired old bikes as a result of protectionism isn't valid.

https://www.bennetts.co.uk/bikesocia...s-first-review
"BMW has contracted the company to build this bike in its own dedicated and sealed production area, with Bavarian staff keeping a very close eye on the quality control. There are automated systems direct from Germany being used to build and check every part. "
So in other words the local company is merely being used to bypass India's protectionist laws.
How does this prove that protectionism is a good idea in general?
I'm pretty sure protectionism has been good to get India's nascent industry started but at some point they'll have to compete on equal terms with international competitors.

[TwoWolves]

So you are saying Canada and Mexico are "protectionist"...

At last, the "Cathy Newman" manoeuvre. No didn't say that at all.

[TwoWolves]

You only have to spend 10 minutes listening to LBC to know the UK is going to hell in a hand cart.

Personally I blame tabloid newspapers after years of shoving their tripe down people's throats.

The Tabloids are merely entertainment, the culprit is state education.

[BlasterBates]

Once again you're going from North Korea at one end to cutting edge desirability like Bugatti to prove your point which is quite sad. Take a look at the new BMW 310 being developed in India with TVS as a case in point. It will sell well locally and will be exported to Europe also.

Since you are obsessed with Royal Enfield for some reason note the huge rise in sales they have had over the past 10 years domestically and internationally and the new 650 twin that is on the horizon and a new r&d division here in UK. So your point about Royal Enfield turning out tired old bikes as a result of protectionism isn't valid.

Yes India might export a few motorbikes to the EU, but there are strict quotas. The UK exports hundreds of thousands of cars to the EU.

[Zigenare]

Once again you're going from North Korea at one end to cutting edge desirability like Bugatti to prove your point which is quite sad. Take a look at the new BMW 310 being developed in India with TVS as a case in point. It will sell well locally and will be exported to Europe also.

Since you are obsessed with Royal Enfield for some reason note the huge rise in sales they have had over the past 10 years domestically and internationally and the new 650 twin that is on the horizon and a new r&d division here in UK. So your point about Royal Enfield turning out tired old bikes as a result of protectionism isn't valid.

To be fair though...

I'm not an expert...

Please cut the diptulip some slack.

[ContractorOnAMotorbike]

Which Indian bike is at the cutting edge of technological sophistication, safety, build quality and desirability?
AFAIK the Royal Enfield is popular in the Uk among some enthusiasts purely because of nostalgia - it's essentiallly a copy of a 50s bike.

Once again you're going from North Korea at one end to cutting edge desirability like Bugatti to prove your point which is quite sad. Take a look at the new BMW 310 being developed in India with TVS as a case in point. It will sell well locally and will be exported to Europe also.

Since you are obsessed with Royal Enfield for some reason note the huge rise in sales they have had over the past 10 years domestically and internationally and the new 650 twin that is on the horizon and a new r&d division here in UK. So your point about Royal Enfield turning out tired old bikes as a result of protectionism isn't valid.

[BlasterBates]

As I thought, no actual blocks then, just tariffs. And for the record I don't bother with any of the mainstream news outlets they all have their own agenda.

absolutely right "just tariffs" like the ones they introduced in the 1930's

only enough to cost thousands of jobs

[sasguru]

If they survive by forcing customers to pay more for the competition then perhaps they should not survive. If we can't compete on cheapness then we need to compete on quality and high tec.

Double Doh!

[NigelJK]

As I thought, no actual blocks then, just tariffs. And for the record I don't bother with any of the mainstream news outlets they all have their own agenda.