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Post by Deleted on May 18, 2023 11:41:52 GMT
A non-starter response. ^ The purpose of trade, free or otherwise, is not imports. Yes it is. People want access to cheaper things - this has been recognised by Economists through the ages - Adam Smith, David Ricardo, Joan Robinson, Paul Krugman all made the point that it is imports that drive trade. No, it's not. You're lifting Paul Krugman verbatim and taking his statement literally. The purpose of trade is not imports per se. The purpose of trade is for a country to gain economic prosperity so that people can access things. Economic prosperity is or denotes the ability to import things you want. That ability to import things can be gained by means of trade. How can you even consider importing things when you don't have that ability -- or the wealth and prosperity to do so? |
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Post by oracle75 on May 18, 2023 12:14:51 GMT
And the ability to import either to consume of use as raw materials comes from profits made by exporting. This also includes intellectual property.
We are now up to explaining this 4 times.
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Post by Vinny on May 18, 2023 12:42:10 GMT
Thank goodness for the iggy button.
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Post by Pacifico on May 18, 2023 16:47:24 GMT
Yes it is. People want access to cheaper things - this has been recognised by Economists through the ages - Adam Smith, David Ricardo, Joan Robinson, Paul Krugman all made the point that it is imports that drive trade. No, it's not. You're lifting Paul Krugman verbatim and taking his statement literally. The purpose of trade is not imports per se. The purpose of trade is for a country to gain economic prosperity so that people can access things. Economic prosperity is or denotes the ability to import things you want. That ability to import things can be gained by means of trade. How can you even consider importing things when you don't have that ability -- or the wealth and prosperity to do so? Why wouldn't you have the wealth? - without imports you have a closed market with less competition and thus higher prices for producers. Business doesn't want imports - its consumer demand that drives it. |
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Post by Pacifico on May 18, 2023 16:47:41 GMT
And the ability to import either to consume of use as raw materials comes from profits made by exporting. This also includes intellectual property. We are now up to explaining this 4 times. Exports are not an objective in and of themselves. |
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Post by oracle75 on May 18, 2023 17:35:52 GMT
NO ONE SAID THEY WERE.
We all told you that contrary to your claim that economies depend on imports, we told you it takes BOTH.
I didnt dare mention value added. It be too complicated for you.
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Post by Pacifico on May 18, 2023 17:52:20 GMT
NO ONE SAID THEY WERE. We all told you that contrary to your claim that economies depend on imports, we told you it takes BOTH. I didnt dare mention value added. It be too complicated for you. No - I never claimed anything fo the sort. I suggest you read it again. What a country gains from trade is the ability to import things it wants. Exports are not an objective in and of themselves. |
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Post by Deleted on May 19, 2023 9:16:42 GMT
No, it's not. You're lifting Paul Krugman verbatim and taking his statement literally. The purpose of trade is not imports per se. The purpose of trade is for a country to gain economic prosperity so that people can access things. Economic prosperity is or denotes the ability to import things you want. That ability to import things can be gained by means of trade. How can you even consider importing things when you don't have that ability -- or the wealth and prosperity to do so? Why wouldn't you have the wealth? - without imports you have a closed market with less competition and thus higher prices for producers. Business doesn't want imports - its consumer demand that drives it. Why would you assume there is pre-existing wealth? The issue is about a country getting in a position where it has accumulated a lot of wealth that gives it the ability to import things it wants. Without exports you also have a closed market. Without it, not only would you cut off a major source of revenue but you would also suffocate business until it dies. In other words, it is a closed market or economy if don't have import and export activities -- meaning, Trade -- in your economy. Ultimately, it is consumer demand that drives everything that has to do with the economy -- it drives trade; it drives taxation; fiscal policies; monetary policies, etc. etc. etc. |
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Post by oracle75 on May 19, 2023 9:55:21 GMT
I am amazed this has to be explained to someone who pretends to know economics well enough to discuss the upheavals Brexit has brought.
BTW if Brexit wasnt a failure why does the UK government keep trying to change its Brexit agreement??
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Post by Deleted on May 19, 2023 11:56:02 GMT
I am amazed this has to be explained to someone who pretends to know economics well enough to discuss the upheavals Brexit has brought. BTW if Brexit wasnt a failure why does the UK government keep trying to change its Brexit agreement?? |
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Post by Deleted on May 19, 2023 11:59:19 GMT
I am amazed this has to be explained to someone who pretends to know economics well enough to discuss the upheavals Brexit has brought. BTW if Brexit wasnt a failure why does the UK government keep trying to change its Brexit agreement??Well, agree with the UK or not, the EU would have done nothing - it was too busy drinking Russian resources. |
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Post by Vinny on May 19, 2023 12:03:40 GMT
Ukraine is a massive food exporter.
Russia was a massive oil and gas exporter.
The idea that the war had no effect on our economy, or on the EU is lunacy.
Even UK chicken farms have traditionally bought Ukrainian grain as chicken feed.
Without it, prices have risen.
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Post by oracle75 on May 19, 2023 20:04:57 GMT
Thank goodness for the iggy button. You are now exposed as a liar for the second time. You have been exchanging posts with me in another thread. |
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