Self-imposed trade restrictions cost jobs

This cannot be said enough. A minute and a half you should watch. Cato Institute Senior Fellow Johan Norberg explains how trade protectionism has already failed time and time again.

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9 Responses to Self-imposed trade restrictions cost jobs

  1. Uke says:

    Jam-packed 90 seconds of truth, right there.

  2. notamobster says:

    The target audience for videos like this will never get it, because they think the purpose of business is to create jobs.

    They don’t care that it’s someone else’s time, energy, capital, and risk which creates the jobs.

    They are emotional thinkers. All of the reason in the world won’t get through to them. Just ask miforest or Roger.

    They think the govt should use the barrel of a rifle to force private parties to do business in only the manner which they proscribe. They are incapable of critical analysis, as their emotions are the arbiter of “their truth”.

  3. Joe says:

    More from Johan…

    Comments on Brexit and why it is a bad deal….
    “This is Trump, only in British English and full sentences.”

    Comments on European invasion and why they commit crimes…
    “Yes, immigrants to Sweden do commit more crimes than people born in Sweden, in contrast to countries like the United States, where immigrants commit less crime than the native-born. That’s partly because refugees to Sweden are much poorer and less educated, and because they have a much harder time finding a job”

    • Uke says:

      Your point?

      None of what you said comprises a coherent argument against what was said above.

      • fasttimes says:

        if i had to guess, id say its the same point that others make with trump. pick out some things he has said that you disagree with and believe he is wrong about, then apply that to everything he says.

        if this guy is wrong about the immigration stuff in sweeden and the US (which i assume Joe believes he is), then he is (maybe) wrong about what he talks about in the OP video.

        • Uke says:

          It would be silly to assume, in typical unthinking fashion, that if a person is right once, that they are right about everything.

          Likewise, wrong once, and wrong about everything.

          Better always to take an individual person’s argument and evaluate it for what it is, rather than chasing squirrels right now on irrelevant issues, as Joe no doubt was hoping for us to do.

          • R.D. Walker says:

            Furthermore, I am not sure that either one of those statements is false.

            It isn’t clear to me that Brexit would be a good deal for Britain on a strictly economic basis. The jury is still out on that. Many in the UK supported even if it was a net economic loss out of the issue of sovereignty… especially in regard to immigration.

            It is clearly true that Hispanic immigrants to the US find jobs much easier that Islamic immigrants find jobs in Sweden. Hell, Hispanic immigrants come to the US for the jobs. Islamic immigrants go to Sweden for other reasons.

            As far as crime associated with illegal immigrants vs citizens…

            Every illegal has committed a crime so there is that. It seems to be true, however, that native citizens commit violent crimes at rates greater than illegal immigrants. And not by a little bit either. By huge margins.

            • Uke says:

              Yeah, I initially deleted my previous comment saying more or less what you just did.

              As I saw it, neither of Johan’s cited statements were necessarily wrong. And I say that as a general supporter of Brexit and clamping down on illegal immigration.

              They’re certainly defensible statements.

              Brexit is potentially worrisome from a free trade perspective.

              And to say that refugees from a literally wartorn ME hellhole are less educated and more lawless than immigrants from a 2nd world country (which itself borders a 1st world country) is… not really controversial, is it?

              • R.D. Walker says:

                In any case, Joe probably doesn’t extend the argument that ‘if a person is wrong once, he is always wrong’ to Donald Trump, does he?