h a l f b a k e r yInvented by someone French.
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I'm going for 2016/2017 as the year that English speaking people (north of the Equator(but not Canada)) decided to see if the Principle of Comparative Advantage is still working, which comes down to a handy acronym given above ...just trips off the tongue, doesn't it?
Call it a bit like the Emdrive
controversy if you will, but oft times it is necessary to check old theories against reality.
Assuming they are correct, then the US and the UK will become richer that Croesus. Alternatively it's tossing lots of the money of 360,000,000 people down the drain.
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OK, I got as far as figuring out that the Principle of Comparative Advantage means that each country should do what it does best, even if it's less efficient than another country. So if America is better at producing oil than cars, and Taiwan is better at producing cars than oil, then America should produce all the oil and Taiwan should make all the cars. |
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But I failed to get any further than that. What, exactly, is meant to happen in 2016/17? |
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Germany annexes Austria, then the Sudetenland, then Poland... |
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(// each country should do what it does best //) |
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//What, exactly, is meant to happen in 2016/17? |
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Brexit in the UK and Trump in the US. |
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//America should produce all the oil and Taiwan should make all the cars. |
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Yes. Next question please. |
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Yes, but I still don't get the point you're making. Is it that both countries (US and UK) are becoming more isolationist, and should therefore specialize in doing what each one does best? Or that the US and UK are likely to strike up a trade agreement, and therefore... what? |
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If everyone but me understands this, I'll go away and ponder some more. |
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Should I be glad it's, But Not Canada?
I feel like I should be glad. |
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//more isolationist, and should therefore specialize in doing what each one does best? |
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In isolationism, it doesn't matter if you can build a car that can go at 200mph that runs on tap water, as you're an isolationist, so you're not going to be exporting them and/or other isolationist states would not import them. |
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//Or that the US and UK are likely to strike up a trade agreement |
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How about, we don't send them any more Marmite and they don't send us the Prez? Well, there will be some trade deals but that's not so interesting to me. As far as I remember we had trade deals with the Soviets back in the day. |
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What is interesting to me is that the only people who are trying to buck the trend all seem to speak the same language, in a literal sense. Is a linguistic meme going on, or a political train of thought? |
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It's very much like being around two alkies. One alkie is not a big problem, but two alkies reinforce each other... |
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Am I supposed to be able to decipher the alphabet soup? What does the EM drive have to do with the economic principle of comparative advantage? What does any of that have to do with enriching the western world or tossing down the drain the money held by US citizens? Either this is some kind of in joke or it's a riddle along the lines of "guess a number between one and a million" "300"? no" "330? "no" (leaves) |
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Just what is it that you think Canada does best that grants us exclusion? Do we apologize too much? |
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//What does the EM drive have to do with the economic principle of comparative advantage? |
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That both are based on theories, and they can be tested. |
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//ESP(NOTE(BNC))DTSITPOCAISW |
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Now if you take the first letter of"English speaking people (north of the Equator(but not Canada)) decided to see if the Principle of Comparative Advantage is still working" you may find a surprising coincidence. |
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//What does any of that have to do with enriching the western world or tossing down the drain the money held by US citizens? |
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Because this is the Principle of Comparative Advantage being put to real live test. Will the US be wealthier if cars are no longer being made in Mexico or not? |
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One interesting question that could be asked is who gets to keep the 20% import duty? If it's the US government then surely they should give a refund to the US buyer of the car. Otherwise it's just the government taxing car buyers. |
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//Either this is some kind of in joke or it's a riddle along the lines of "guess a number between one and a million" |
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I prefer the one where Milton Jones says "I used to work at Ikea, and I know all the stock codes by heart...go on..ask me any number" and when asked he says "Sorry, out of stock". |
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So Belize, British Guyana, parts of the Caribbean and the
Philippines are included in this? |
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//So Belize, British Guyana, parts of the Caribbean and the Philippines are included in this? |
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Nope, feel free to post your own idea on the subject. |
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Yes, the US is a source of much grating, for example the American Grating Co, 1191 Center Point Dr, Henderson, NV 89074, +1 702-567-0303 (I get a percentage on sales). |
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Not to mention "Johns Hopkins presented a grating to him and to Harvard College in February, 1884." The Command of Light: Rowland's School of Physics and the Spectrum. |
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Presumably it was a ZX model. |
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