With something like this, we know we are on the right track.

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[–] -1 points 3 weeks ago (6 children)

True. But free trade works. Tariffs like the US is using and non tariff barriers like the EU use doesn't.

It's made even worse when you add austerity because that reduces your internal single market trade as well.

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  • [–] 3 points 3 weeks ago (5 children)

    Free trade is not the same thing as free market capitalism. Canada and the US had a free trade deal for decades, but there were still limits on what or how much could be traded, and still had tariffs on some things (mainly agricultural products) even when they had a free trade agreement.

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  • [–] 1 point 3 weeks ago (4 children)

    That was my point. Protectionism reduces comparative advantage.

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  • [–] 2 points 3 weeks ago (3 children)

    Yeah, but national security also has a monetary value, even if you're not aware of the difference between protectionism and regulation, and lack of national security also reduces comparative (competitive?) advantage.

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  • [–] 1 point 3 weeks ago (2 children)

    How are cheese quotas relevant to national security?

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