And if Kunstler is at all close to right ...

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Post #317,767

by drook

11/24/09 1:45:47 PM

And if Kunstler is at all close to right ...

In the foreseeable future we might not have any choice about international trade. If the price of oil -- and thus the price of international shipping -- rises significantly, the whole system is going to rebalance anyway.

If that should happen, if international trade is suddenly made much more expensive for everyone, would that disproportionately hurt the working class? I'm not an economist, but I suspect it's the people currently at the top of the system who would be hurt more.

If I'm right about that, then it shouldn't matter whether the increased cost is from the price of oil of from tarrifs. It's not the working class who feel the most pain. (Unless the top 0.1% manage to increase their proportion of the total pie even more.)

--

Drew

interest payments due - (boxley) - (48) - Nov. 23, 2009, 10:30:25 AM EST

Re: interest payments due - (lincoln) - (46) - Nov. 23, 2009, 02:10:53 PM EST

Love this stuff - (beepster) - Nov. 23, 2009, 03:02:08 PM EST

you are confused, its MY MONEY you didnt pay a dime for it -NT - (boxley) - (44) - Nov. 23, 2009, 03:38:57 PM EST

Read the bolded lines in the story I linked to - (lincoln) - (43) - Nov. 23, 2009, 04:03:28 PM EST

He did - (beepster) - (42) - Nov. 23, 2009, 04:04:36 PM EST

Look, everybody except most Americans know - (jake123) - (41) - Nov. 23, 2009, 04:34:33 PM EST

obama has looted more than clinton thru bush - (boxley) - (2) - Nov. 23, 2009, 05:27:31 PM EST

Where did I mention Obama - (jake123) - (1) - Nov. 23, 2009, 05:34:11 PM EST

I know, the 401k's will be confiscated next -NT - (boxley) - Nov. 23, 2009, 06:06:21 PM EST

They're addicted to a 'world economy'. - (static) - (37) - Nov. 23, 2009, 06:35:24 PM EST

tarrifs kill trade - (boxley) - (36) - Nov. 23, 2009, 07:43:13 PM EST

Well, yes. - (static) - (35) - Nov. 23, 2009, 08:01:51 PM EST

raises prices lowers units made reduces needed labor -NT - (boxley) - (34) - Nov. 24, 2009, 09:50:52 AM EST

Raise foreign prices faster, increase local production share - (drook) - (33) - Nov. 24, 2009, 11:12:20 AM EST

Re: Raise foreign prices faster, increase local production s - (boxley) - (31) - Nov. 24, 2009, 11:47:58 AM EST

I just did ... see Henry Ford for case study -NT - (drook) - (2) - Nov. 24, 2009, 01:10:56 PM EST

so curious how did draconian high tarrifs help ford? -NT - (boxley) - (1) - Nov. 24, 2009, 02:30:01 PM EST

Not the mechanism, the effect - (drook) - Nov. 24, 2009, 03:23:54 PM EST

If you don't like that, how about this. - (Another Scott) - (27) - Nov. 24, 2009, 01:23:51 PM EST

And if Kunstler is at all close to right ... - (drook) - Nov. 24, 2009, 01:45:47 PM EST

curious - (boxley) - (25) - Nov. 24, 2009, 02:28:20 PM EST

Thanks. Some agreement. - (Another Scott) - (24) - Nov. 24, 2009, 03:08:38 PM EST

how do you think the short term paper money works? - (boxley) - (23) - Nov. 24, 2009, 05:32:55 PM EST

Again, I'm not talking about loans. - (Another Scott) - (22) - Nov. 24, 2009, 08:47:35 PM EST

lets address a more egregeous ripoff instead - (boxley) - (21) - Nov. 24, 2009, 09:09:08 PM EST

Fixing AIG won't increase us manufacturing. Different prob. - (Another Scott) - (20) - Nov. 24, 2009, 09:29:53 PM EST

Aye. - (static) - Nov. 24, 2009, 09:36:54 PM EST

those that ignore history etc - (boxley) - (18) - Nov. 24, 2009, 10:59:12 PM EST

Interesting. - (static) - Nov. 25, 2009, 12:12:40 AM EST

But then... - (folkert) - (2) - Nov. 25, 2009, 10:45:35 AM EST

what was the name of the president that signed them into law -NT - (boxley) - (1) - Nov. 25, 2009, 11:46:37 AM EST

Shhh. He's on a roll;-) -NT - (beepster) - Nov. 25, 2009, 11:48:12 AM EST

Clarifying - (drook) - (13) - Nov. 25, 2009, 12:14:47 PM EST

canada, wood can you afford to buy lumber? - (boxley) - (12) - Nov. 25, 2009, 01:15:15 PM EST

How about 1%? Would that bankrupt the world? - (drook) - (11) - Nov. 25, 2009, 02:35:22 PM EST

why do you think I dslike tariffs? - (boxley) - (10) - Nov. 25, 2009, 02:59:38 PM EST

Lets make a tariff for off shored jobs. - (folkert) - (6) - Nov. 25, 2009, 03:25:18 PM EST

no worries, you wont be able to afford the goods - (boxley) - (5) - Nov. 27, 2009, 10:25:25 PM EST

Re: no worries, you wont be able to afford the goods - (folkert) - (4) - Nov. 28, 2009, 08:36:32 AM EST

LOTS you sure? If no one buys stuff because it cost too much - (boxley) - (3) - Nov. 28, 2009, 09:05:01 AM EST

You??? - (folkert) - Nov. 28, 2009, 04:34:04 PM EST

No hand-me-down Walmart clothes because they don't last -NT - (drook) - (1) - Nov. 29, 2009, 11:54:03 AM EST

Re: No hand-me-down Walmart clothes because they don't last - (boxley) - Nov. 29, 2009, 12:34:56 PM EST

Strawman - (drook) - Nov. 25, 2009, 03:27:52 PM EST

I never proposed tariffs on everything. - (static) - (1) - Nov. 25, 2009, 06:18:08 PM EST

no tarrifs, buy parts elsewhere assemble here -NT - (boxley) - Nov. 27, 2009, 10:26:36 PM EST

That's der bunny. - (static) - Nov. 24, 2009, 06:48:51 PM EST

OTOH... - (Another Scott) - Nov. 24, 2009, 07:33:15 AM EST

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