I'm asking because even after reading the piece[0] it's not clear.
There's no data on how "often" the clothes are soiled garbage, how does this whole value chain work, who is paying for what, and so on. But of course there's a call for AI investment to sort the threads/fibers. WTF.
Nominally the text beings by talking about this trade agreement (AGOA) which is set to expire in 2025, and then just completely nosedives into bullshit.
The only datapoint is that there was an attempt to ban import - which presumably was a violation of the agreement anyway - then the fascist monkey administration started throwing shit.
Protectionism for protectionism's sake is bad. I recommend this recently released interview with Anne Krueger, who did the study on rent-seeking in 1974 (which demonstrated how the whole import licensing was nothing more than very expensive legalized smuggling).
Yet the world is also getting more complex, and externalities are important. Like waste, dumping, or market-distorting subsidies (as on Chinese EVs). Hence tariffs on imports have their place.
There's no data on how "often" the clothes are soiled garbage, how does this whole value chain work, who is paying for what, and so on. But of course there's a call for AI investment to sort the threads/fibers. WTF.
Nominally the text beings by talking about this trade agreement (AGOA) which is set to expire in 2025, and then just completely nosedives into bullshit.
The only datapoint is that there was an attempt to ban import - which presumably was a violation of the agreement anyway - then the fascist monkey administration started throwing shit.
Protectionism for protectionism's sake is bad. I recommend this recently released interview with Anne Krueger, who did the study on rent-seeking in 1974 (which demonstrated how the whole import licensing was nothing more than very expensive legalized smuggling).
Yet the world is also getting more complex, and externalities are important. Like waste, dumping, or market-distorting subsidies (as on Chinese EVs). Hence tariffs on imports have their place.
[0] https://archive.is/ten3W
[1] https://www.mercatus.org/ideasofindia/anne-krueger-reflects-...