• 8 Posts
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Joined 1 year ago
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Cake day: June 14th, 2023

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  • Wages need to be increased and the best way to do that is to stop businesses undercutting wages by hiring cheap foreign labour.

    Urban density increases the efficiency of public services. Wage rates do not.

    Trying to keep populations small and fragmented does nothing to improve domestic quality of life. And rising domestic populations don’t hurt overall household incomes. Cartelized labor markets are what do that.

    Inflation is largely a global issue.

    Prices vary enormously by local regions. And price gouging is increasingly difficult over large distances.

    Inflation is most commonly a consequence of local commodity monopolization, not global price trends.


  • tax cuts on the poorest people in society

    Are functionally no different than higher wages. But without public infrastructure - housing, education, health care, etc - what does an extra couple grand actually buy?

    We’ve seen this in the US for decades. A pittance of tax cuts pitched as a percentage of income is presented as this enormous boon. But then wages stagnate, prices skyrocket, and debts soar in the face of new privatization.

    And then we’re worse of than when we started.

    The tax cut doesn’t buy anything in an inflationary economy


















  • Again, I agree, but my comment was about automobiles.

    Nearly 40% of Honda’s automobile production took place in China in the last financial year.

    Honda would continue to keep its supply chain in China for the domestic market in the world’s second-largest economy while building a separate one for markets outside of China, the Sankei said. It did not say where it got the information.

    That’s not “pulling out of China”. That’s a sign of Chinese domestic automobile consumption rising.

    Biden has expanded Section 301 of the Trade Act of 1974 to include more imports.

    I haven’t seen much to suggest he’s enforcing it. These laws are consistently toothless, in the same way more and more of our regulatory system is toothless.