Remember Econ 101 and all that stuff about comparative advantage?
America can (and does a little) raise coffee in Hawaii and we could raise coffee other places.
But why would you beat yourself up trying to raise coffee in America when Brazil and Columbia are so good at it?
Until 1962 that held true for the finest cigars. Winston Churchill smoked Cubans. A fine Havana became shorthand for the best cigars in the world.
About a week ago a gaggle of American billionaires announced a 500 billion dollar investment in developing artificial intelligence.
Then a flat out Red Chinese communist little corporation spent about five million dollars to develop the best selling app on Apple and the investors in Nvidia suffered a 600 billion dollar equity loss
in one day, the largest loss in world history. Elon Musk has a net worth slightly over 400 billion. 600 billion is more than the market value of Boeing, Airbus, General Motors, Ford, and Stellantis all combined.
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Briar is a commodity on world markets.
I can make a pipe in my garage but nobody would buy it.
That incredible pipe wasn’t made by forced Chinese child labor in a factory.
And if tariff that pipe 100% it would still be less than half of what it could be made for anyplace else on earth.
The Chinese have had a comparative advantage for artistic detail work for thousands of years.
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And they don’t seem to care much to lose a few millions of their own citizens here and there.
I used to have a Baptist preacher friend we called Brother Billy who accepted an appointment to be the Chaplin of the Shriners. Brother Billy reported to us that whenever the Shrine met, they rode motorcycles through hotel lobbies, got riotously drunk, chased women of low virtue, and swore like sailors.
I wish I’d said it, but his own brother Norman said Brother Billy, you can try changing the Shrine or it can change you.
One good thing, is we have a whole lot of ocean between here and China.
If we dont want to go there, it would be very hard for them to come to us.