Comment Trade imbalances are natural (Score 1) 258
...since Mercantilism.
Developed countries have too-high a standard of living to be able to afford the uses of space and labor for simple manufacturing. Ergo, they offshore their simple manufacturing where it can be done more cheaply elsewhere = trade imbalance.
Part of this is basic specialization + cheap shipping. I *agree* that specialization benefits us all and can be quite fairly done. (Funny how all those protests 'against Globalism' have sort of disappeared?)
That said, I think there's a reasonable moral point ALSO to admit that our current, capitalist, materialist lifestyle has been largely enabled by the exploitation of lower-cost societies and - not to overstate it - the misery of industrial workers in the third world (and the rampant pollution of THEIR environments). We have exported the icky necessities of our electric cars and iphones to somewhere we don't have to live with the consequences.
Maybe we could pull back on that a bit, since it's essentially subsidizing this broken system?
But of course, it's Trump, so the left HAS to oppose anything he does. So fuck the low salary workers in the US who might have decent factory jobs (if we had any factories); we should keep buying our gewgaws from Asian labor getting $3/day. Oh wait, no, they were STRIKING to get $3/day. (https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fasia.nikkei.com%2FEconomy%2FInflation%2FBangladesh-tea-strike-spotlights-poorest-workers-inflation-plight)