• [ network ]
  • goatmatrix.net
  • gvid.tv
  • img.gvid.tv
  • games.gvid.tv
  • apps.gvid.tv
HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

Why Trump's 'Buy American, Hire American' is un-American

Views:1131
@ReasonVids

In his quest to "Make America Great Again," President Donald Trump has spent a week encouraging us all to buy products "Made in America."

That makes for a good slogan—who doesn't want to support home-grown businesses?—but bad and incoherent policy. Most of all, it will do little or nothing to help Americans who have been put out of work by changes in technology and the economy.


Subscribe to our YouTube channel: http://youtube.com/reasontv
Like us on Facebook: https://www.facebook.com/Reason.Magazine/
Follow us on Twitter: https://twitter.com/reason
Subscribe to our podcast at iTunes: https://goo.gl/az3a7a

Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines.


For starters, it's hard to even get a clean definition of what it means to be made in America. The Jeep Patriot, for instance, pushes nationalism in its very name but its transmissions are made in Japan, Germany, and Mexico. The same is true for dozens of products carry a "made in America" tag—oftentimes, a lot of something is assembled or sourced outside the United States and only a little bit of labor is added within our borders.

The United States often has much higher labor costs than foreign countries, which means the same thing created solely in America would have an astronomical cost. According to one estimate, if Apple iPads were made in America, they would cost $967 a piece or about three times today's basic price. The resulting fall in sales would cost about 67,000 manufacturing jobs.

Pushing "Made in America" carries other costs, too: To hype his "Made in America" policy, President Trump invited 50 exemplary companies to the White House for a photo op. It turns out that 21 of them received various federal, state, and local subsidies worth about $600 million. If you're taxing Peter to subsidize Paul, chances are you're not creating much real economic activity.

Pushing economic nationalism is also an affront to personal liberty and basic economics. Why shouldn't individuals be allowed to buy the products they think are best and cheapest regardless of where they come from? You might as well tell people to only "date American" or "vacation American."

Virtually all economists agree that protectionism dampens economic activity and growth by increasing prices and keeping workers and resources in sunset industries that will need more and more help to stay afloat. One study of industry-specific protectionist policies found that trying to make people "buy American" led to consumer losses per job saved of over half-a-million dollars. And for all the talk Donald Trump and others hve made about bringing back "good-paying" manufacturing jobs to America, the fact is that manufacturing jobs as a percentage of the work force peaked in 1943 and has declined ever since. We're truly a post-industrial nation.

There's no question that even with historically low unemployment rates, many Americans are having trouble finding good-paying, rewarding jobs in a global economy that demands constant upgrades and changes from workers. But the best way to help them is by pursuing policies by help produce the sort of economic growth that creates new jobs, new opportunities, and new wealth for all of us: Lower government spending, flatter and less distorting taxes, and less regulation.

Telling us all to "Buy American" is a cheap slogan best left on baseball caps made overseas.

Edited by Todd Krainin. Written by Nick Gillespie. Cameras by Meredith Bragg.

libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
jobs
,
employment
,
nationalism
,
protectionism
,
made in america
    Thumbnail for Stossel: Departments Grow and Cherries Rot3:29
    Stossel: Departments Grow and Cherries Rot
    ReasonVids
    984 views
    Thumbnail for Alexander Hamilton's Influence on Free Press Law: Free Speech Rules (Episode 10)4:18
    Alexander Hamilton's Influence on Free Press Law: Free Speech Rules (Episode 10)
    ReasonVids
    971 views
    Thumbnail for Schindler's List0:20
    Schindler's List
    bestofvoatxyz
    462 views
    Thumbnail for Did the Lockdowns Save Thousands of Lives? A Soho Forum Debate1:25:30
    Did the Lockdowns Save Thousands of Lives? A Soho Forum Debate
    ReasonVids
    925 views
    Thumbnail for Mopping up work site with a mattress0:42
    Mopping up work site with a mattress
    bestofvoatxyz
    423 views
    Thumbnail for Whoopi Goldberg waking up this morning with Trump as her president | FunnyMemeSpot0:12
    Whoopi Goldberg waking up this morning with Trump as her president | FunnyMemeSpot
    invidious
    170 views
    Thumbnail for Jews Celebrating Tens of Thousands of Dead Whites to Commemorate Purim ("Victory Over Enemies" Holiday) 0:27
    Jews Celebrating Tens of Thousands of Dead Whites to Commemorate Purim ("Victory Over Enemies" Holiday)
    bestofvoatxyz
    689 views
    Thumbnail for Parasitic jew admits the truth about sports0:36
    Parasitic jew admits the truth about sports
    bestofvoatxyz
    680 views
    Thumbnail for The Whitest Kids U'Know Season 4 Episode 422:16
    The Whitest Kids U'Know Season 4 Episode 4
    wkuk.topic
    539 views
    Thumbnail for Gaddafi Stadium Drainage System Funny & Shameful Moments During Nz vs SA 2nd SF #shorts | Hamid Talks0:28
    Gaddafi Stadium Drainage System Funny & Shameful Moments During Nz vs SA 2nd SF #shorts | Hamid Talks
    invidious
    171 views
    Thumbnail for LA County Sheriffs Hassle Photographer, Trample Constitution, Get Lauded by Bosses9:57
    LA County Sheriffs Hassle Photographer, Trample Constitution, Get Lauded by Bosses
    ReasonVids
    974 views
    Thumbnail for 21, 22, 23....240:23
    21, 22, 23....24
    bestofvoatxyz
    576 views
    Thumbnail for Best Christmas Songs 2024 🎅🏼 Non-stop Christmas Songs Medley with Lyrics 2024 🧑‍🎄 Christmas Music | Christmas Music1:00
    Best Christmas Songs 2024 🎅🏼 Non-stop Christmas Songs Medley with Lyrics 2024 🧑‍🎄 Christmas Music | Christmas Music
    invidious
    416 views
    Thumbnail for 05 A History of Scotland - Project Britain1:00:36
    05 A History of Scotland - Project Britain
    AOUisgay
    383 views
    Thumbnail for Remy: Oops, I Did it Again! (Britney Spears TSA Parody)1:49
    Remy: Oops, I Did it Again! (Britney Spears TSA Parody)
    ReasonVids
    1034 views
    Thumbnail for WHEW LAD!0:06
    WHEW LAD!
    bestofupgoat
    302 views
    Thumbnail for Hawkman Actually Does Something | Solid jj3:03
    Hawkman Actually Does Something | Solid jj
    invidious
    443 views
    Thumbnail for Tinashe - Nasty1:00
    Tinashe - Nasty
    Djlisa
    282 views
    Thumbnail for Watching Dragon Age Veilguard | Synthetic Man1:00
    Watching Dragon Age Veilguard | Synthetic Man
    invidious
    233 views
    Thumbnail for Why You Don't Need To Vote3:56
    Why You Don't Need To Vote
    ReasonVids
    930 views
    Thumbnail for Matt Welch on John McCain's Media Misery2:26
    Matt Welch on John McCain's Media Misery
    ReasonVids
    982 views
    Thumbnail for How to make a BobbyBroccoli video | BobbyBroccoli15:48
    How to make a BobbyBroccoli video | BobbyBroccoli
    science.topic
    175 views
    Thumbnail for Local PD enjoying Chicago's pop-up Safari park0:25
    Local PD enjoying Chicago's pop-up Safari park
    voatcatbox
    337 views
    Thumbnail for Miniature Chocolate Cake #shorts | Great Indian Asmr0:41
    Miniature Chocolate Cake #shorts | Great Indian Asmr
    invidious
    137 views

points

Permalink
Reply
libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
jobs
,
employment
,
nationalism
,
protectionism
,
made in america
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle