3. Trade: I'm basically convinced that a.) the *immediate* cause of the 2000-present sharp drop in US manufacturing jobs was due to opening trade with China, and b.) that countries that get their "heavy industry" (steel production etc) from abroad are sacrificing long-run growth.
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Replying to @s_r_constantin @EricRWeinstein
4. I blogged about these two points here.https://srconstantin.wordpress.com/2016/11/19/industry-matters/ …
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Replying to @s_r_constantin @EricRWeinstein
5. There's also an efficiency-robustness tradeoff, always and everywhere. Domestic production and stockpiles are robust against disasters; global supply chains and just-in-time inventory are cheaper but more fragile, all else equal.
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Replying to @s_r_constantin @EricRWeinstein
6. All that said, I'm *really* not convinced that slapping tariffs and trade restrictions would "force" US manufacturing to become stronger and more robust. Maybe we'd just get poorer. It's a gamble with everyone's livelihood. Deregulating industry is safer, economically.
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Replying to @s_r_constantin @EricRWeinstein
7. You *notice* it when tariffs go up. My landlord is going out of business because of tariffs. An important deal for my company fell through because of the tariffs. We *feel* that shit. Now, that's not an argument that tariffs are *net* bad, but a lot of people forget.
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Replying to @s_r_constantin @EricRWeinstein
8. I've never understood the immigration thing, truly, I don't. I just don't get it. Immigrants are good. I can't do justice to the econ case better than
@bryan_caplan already did. I just...I'm confused. You're obviously neither stupid nor xenophobic. You're Jewish. WHY.2 replies 0 retweets 5 likes -
9. My best model of your position is some kind of Straussian-cynical thing, like "Chinese grad students are obviously not going to be personally powerful in US society, because they're foreign, so this diminishes the power of scientists as a class, relative to other classes."
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10. like, maybe "by *selectively* being more immigrant-friendly in STEM fields, the actual effect is to weaken the bargaining power of the American STEM bloc relative to other political blocs." LMK if this is a mischaracterization?
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11. my gut reaction to that is "if you're being singled out to be held to a high standard, you should advocate raising the standards for everyone else, not lowering them for yourself." Sure, end *selective* STEM immigration -- by allowing more immigration everywhere else!
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12. Now squishy shit. "Globalist"/"internationalist" culture shit.
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13. I hope you understand why I go "aaaaaaaaaaa" when people go "ew, these people who lend money, go from place to place, are into spreadsheets and abstractions, and don't follow our martial/socially-conservative national traditions." You see, I *like* living.
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14. When I hear the word "bugman" I start fantasizing about finally having enough time in my schedule to go to the gun range on the regular. *I like living.* This is kinda important.
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15. So, ok. The international liberal order was set up in 1945 and it was meant to promote US interests. Nobody talks about that now except foreign countries that oppose the US, and Yarvin, but it was. "Internationalism" is a method of maintaining US global hegemony.
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