this post was submitted on 03 Oct 2024
118 points (100.0% liked)

chapotraphouse

13510 readers
1256 users here now

Banned? DM Wmill to appeal.

No anti-nautilism posts. See: Eco-fascism Primer

Vaush posts go in the_dunk_tank

Dunk posts in general go in the_dunk_tank, not here

Don't post low-hanging fruit here after it gets removed from the_dunk_tank

founded 3 years ago
MODERATORS
 

And that isn't going to last, take advantage of it while you can, America.

You can build domestic industry and jobs without this dumb shit. It's just going to reduce the purchasing power.

https://x.com/H0MOSUPERIOR/status/1841491682233061839

you are viewing a single comment's thread
view the rest of the comments
[โ€“] FuckyWucky@hexbear.net 12 points 1 month ago* (last edited 1 month ago) (1 children)

you could target the tariffs instead of a blanket tariff so that the domestic private sector in priority sectors can be built up with less competition from imports without causing general price increases.

or you could provide subsidies so the domestic goods are more competitive.

or better yet, state owned enterprises so the capitalists don't get free Government money (directly anyway). the state can price it competitively.

its really their choice, yea some neolibs would scream communism but the US can have imports and domestic production/jobs.

or you can destroy amerikkka with 500% tariff so that China is forced to sell goods to itself and other countries.

[โ€“] Hexboare@hexbear.net 10 points 1 month ago

Foreign competition was kept out by a high tariff conveniently set by Congress, and by 1880 Carnegie was producing 10,000 tons of steel a month, making $1 1/2 million a year in profit. By 1900 he was making $40 million a year, and that year, at a dinner party, he agreed to sell his steel company to J. P. Morgan. He scribbled the price on a note: $492,000,000.

Morgan then formed the U.S. Steel Corporation, combining Carnegie's corporation with others. He sold stocks and bonds for $1,300,000,000 (about 400 million more than the combined worth of the companies) and took a fee of 150 million for arranging the consolidation. How could dividends be paid to all those stockholders and bondholders? By making sure Congress passed tariffs keeping out foreign steel; by closing off competition and maintaining the price at $28 a ton; and by working 200,000 men twelve hours a day for wages that barely kept their families alive.

And so it went, in industry after industry-shrewd, efficient businessmen building empires, choking out competition, maintaining high prices, keeping wages low, using government subsidies

Industrial capitalist porky-happy

(Before they realise the US still has no real industrial capacity)