Steel tariffs are calculated to cost ~$900k per job saved. It also makes all other industries in the US that use steel less competitive in the global market.
The US economy has been one of the best performing economies ever, which has been great for the country overall. Deeper economic ties with other super powers is also a pretty good at keeping the peace. While there are some specific issues, it's hard to argue it hasn't been good for the country overall.
Exactly, it's like that old anti-drug commercial from the 90s where the dad asks the son where he learned to smoke pot or whatever and son retorts, "I learned it from watching you!"
Not really. As long as it's clear that everything is a rental, consumers are free to go along or not.
Physical media offering near-permanent storage is also relatively new. 8-tracks, cassettes, and even CDs would wear out over time. Yes, I could hold a cassette in my hand, but I also knew it would wear out over time and I'd have to buy another one - and I did.
We need to change our language around buying something so it's clear that it's not permanent ownership, unless it really is. I suspect we would see services/media start to come to market that offer true ownership if the demand was there.
Correct. In theory, Sony should have warranted that they have the rights to sell the thing the way they sold it. If they didn't have the rights to sell a movie perpetually, then that's on them.
Why do you think that? The same thing was said about the Chinese, Italians, Polish, etc... when they all came here. Instead they helped make the country what it is today.
I also don't see anyone arguing for open borders, but straight forward paths for people to legally immigrate.
It's not that it's hard, it's that it requires a large up-front investment. The last time prices were higher, some made that investment, prices cratered and many companies never recovered the investment/went out of business.
Yep, and it’s still worth it for a multitude of reasons. Business formation is easy in the US, and taxes are generally lower than other places. Current administration not withstanding, most people don’t want to leave once they get to the US.
A fourth alternative is to leave, and a fifth is to not start a company at all.
Now you understand why the USA deploys 3-4x the amount of VC capital compared to the EU. And prior to the current administration, entrepreneurs mostly wanted to get to the US.
You don't have to listen to Steve Kerr. Every back doctor I have seen has said the same thing - surgery is the absolute last resort. I was fortunate that the epidurals worked for me, because it was the worst pain I have ever felt.