tag:blogger.com,1999:blog-6948982521501107752.post410810894456464337..comments2023-10-21T09:03:15.270-04:00Comments on Rogue Economist Rants: Why a local manufacturing base is importantRogue Economisthttp://www.blogger.com/profile/03439817966760459091noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6948982521501107752.post-72043855195230947352012-03-01T18:26:37.206-05:002012-03-01T18:26:37.206-05:00Anonymous, what is your basis for a producer needi...Anonymous, what is your basis for a producer needing to sell his goods? No one is force or needs to sell his goods to someone he doesn't want to sell to. What would make him?<br /><br />The point of producing all those goods is to sell it for compensation of adequate value. If you're a nation that can't sell him anything he wants, why would he want to keep selling hard goods to you in exchange for your currency? What would he do with your currency?<br /><br />Your argument is the straw man here. Just because a few people from producer republic will want to take vacations in consumer republic doesn't mean it will want to take them in equal value to what a production-less consumer republic wants in hard goods. <br /><br />What would likely happen is that all the unemployed in the production-less consumer republic will end up willing to work for slave wages for those few from producer republic who go there for vacation fun. We already see this happening in relatively-unproductive economies. Because such economies have less income going around, it becomes a necessity for some of its people to engage in whatever services these incoming visitors from richer economies want them to provide. After all, they can only sell what they can readily provide.<br /><br />I eagerly await for your refutation on this.Rogue Economisthttps://www.blogger.com/profile/03439817966760459091noreply@blogger.comtag:blogger.com,1999:blog-6948982521501107752.post-87895854101572756142012-03-01T03:09:51.589-05:002012-03-01T03:09:51.589-05:00But then again, the producer republic can’t foreve...But then again, the producer republic can’t forever hoard their hard goods either. At one point, the producer republic “need” to sell their hard goods to consumer republic. What is the point producing of all those hard goods in the first place? The people of producer republic might as well as turn around and become a consumer republic themselves.<br /><br />In any case, such argument is a strawman. There are times, that producer republic shall seeks the consumer republic token such as vacations, medicals, conferences and etc. Nowdays, you can not live in isolation not unless you are living on planet Mars!Anonymousnoreply@blogger.com