I think it might be slightly tangential to your point (or the point of people on the thread) but it does seem to me that a country can regulate itself into economic ruin by making it too expensive to produce there, just like bandits left unchecked can kill economic production. The Soviet Union was not able to keep pace with the rest of E…
I think it might be slightly tangential to your point (or the point of people on the thread) but it does seem to me that a country can regulate itself into economic ruin by making it too expensive to produce there, just like bandits left unchecked can kill economic production. The Soviet Union was not able to keep pace with the rest of Europe, for instance. That does seem to suggest that one can do damage to ones economy through regulation that prevents people from producing.
Of course you can. As I said, you can make yourself poorer, but not less competitive, if "less competitive" means less able to export as much as you import.
Ok, I see what you mean. I was thinking of competitive in terms of "being a place people want to produce things, or build a factory etc." I think the notion of "competitive" is very different across people, probably across time for the same person as well. If one is thinking of competitive in terms of "American businesses are better off subcontracting to Chinese plants because production is too expensive in America", regardless of import/export ratio, that is a little different.
I think it might be slightly tangential to your point (or the point of people on the thread) but it does seem to me that a country can regulate itself into economic ruin by making it too expensive to produce there, just like bandits left unchecked can kill economic production. The Soviet Union was not able to keep pace with the rest of Europe, for instance. That does seem to suggest that one can do damage to ones economy through regulation that prevents people from producing.
Of course you can. As I said, you can make yourself poorer, but not less competitive, if "less competitive" means less able to export as much as you import.
Ok, I see what you mean. I was thinking of competitive in terms of "being a place people want to produce things, or build a factory etc." I think the notion of "competitive" is very different across people, probably across time for the same person as well. If one is thinking of competitive in terms of "American businesses are better off subcontracting to Chinese plants because production is too expensive in America", regardless of import/export ratio, that is a little different.