> The same is true for Tariffs. In the 2010s it was not unpopular for leftist types to say how globalization was a disaster for the American middle class, and how it only enriches capitalists. Now you're saying that tariffs were actually some sort of 5d chess move by the capitalist class to crash the economy, so they can subjugate workers?
There has always been nuance to this debate.
Tariffs, when done selectively, coordinated with an industrial policy that develops a strategically important industry, can be a way to accelerate competitiveness.
Broad tariffs as a revenue raising mechanism are damaging to those who must spend most of their income to survive.
Globalization itself is a good thing, and increases cooperation and understanding between countries while reducing the cost of living in the developed world and lifting people out of poverty in the developing world.
Globalization without regard to human rights, growing inequality, or environmental impacts domestically and abroad results in the political instability we see today around the developed world.
There has always been nuance to this debate.
Tariffs, when done selectively, coordinated with an industrial policy that develops a strategically important industry, can be a way to accelerate competitiveness.
Broad tariffs as a revenue raising mechanism are damaging to those who must spend most of their income to survive.
Globalization itself is a good thing, and increases cooperation and understanding between countries while reducing the cost of living in the developed world and lifting people out of poverty in the developing world.
Globalization without regard to human rights, growing inequality, or environmental impacts domestically and abroad results in the political instability we see today around the developed world.