Comment by koe123
3 days ago
One thing I have been thinking about is digital tariffs.
The US is perfectly willing to slam billions into ventures that lose money for years. EU for example doesn’t work that way. Consequence: US can develop faster, unconstrained by profitability, and capture the entire market before EU. This seems as US being more “innovative”, but realistically they are just running a perhaps similar engine way hotter at the cost of American QoL being way worse for the less fortunate. Similar thing can be said with Chinas subsidies on electric vehicles potentially flooding the EU with cheaper alternatives.
America is our ally, so we let this happen. For the most part this has served in this case EU and perhaps Canada well, albeit at the mercy of the US tech sector. Perhaps we shouldn’t anymore though, and consider tariffing American services to protect and incentivize local, sustainable alternatives. Meta, microsoft, etc. are clearly starting to rent seek now that they have us by the balls, I say fuck em?
I’m no expert in economics so I bet there are great arguments against this, lets see.
>at the cost of American QoL being way worse for the less fortunate
That's a common claim, not sure it's true
https://ourworldindata.org/grapher/poverty-share-on-less-tha...
https://xcancel.com/CPopeHC/status/2065144840002670921
First issue is you are conflating investment and subsidies.
Quote the part where I state they are the same