Originally Posted by
dawg80
1. Yep. And, there is no reason for the NATO members not to chip in the amounts they agreed to. Or, is there no consequence in blood and treasure for Germany and other European countries?
2. "a strong WHO"? Hmmm...how about an honest and transparent one?
3. Something like 50 large companies relocated out of the country under obummer, taking with them their $billions in taxes. That trend reversed under Trump, many of those 50 returning and next to none, maybe NONE, leaving during Trump's tenure.
As for your last question, there has to be a balance between what is good for individual firms and is what is good for the country. OF COURSE!!! I support any private company doing what it thinks is best for itself. But I also favor a nation doing what is best for itself, and if those don't match up, then oh well, so sorry for the private companies who made their choices. For instance, let's say there is a widget company that wants to relocate all of its manufacturing to China to save on labor costs. That is their choice and their right. But if the US places HUGE tariffs on widgets to build up and protect domestic production and said China-based widget company cannot compete in the US market and it ends up hurting them...so sorry, so sad for them. Just as firms are free to make decisions that benefit them, so too are nations.
In some key industries...like steel and as we have seen recently, pharma, it behooves a country to have strong domestic industries. That is for national security reasons.
Just imagine how different history would be...how different the world would be today...if back in the 1930's - '40's the US did not have a strong steel industry. Wow! Just think if all of our steel industry had relocated to China, for the sake of their profits. OMG! The Japs would have over-run all of those sites and seized the steel for themselves. The US would NOT have been able to gear up, build, and support Britain...and the Soviet Union...in their fight against Hitler. He would have easily steamrolled both. And the US would not have been able to build our Pacific fleet like we did...going from 4 carriers in 1941 to 30 by 1945 and all those cruisers and destroyers, and battleships, and troop carriers, and support vessels we were able to build. Japan would have easily achieved all of their goals and no doubt would have expanded on them once they realized we were unable to respond.
Now... a nation can use a carrot or a stick to "encourage" domestic manufacturing. I prefer the carrot, incentives vs. the stick, tariffs. But, when, like Trump found himself in, there is a need for quick changes, a combination of both was needed. He did apply tax incentives and deregulation along with tariffs and other measures to help corporations see the benefit of building in the US.
As for "capitalism" you pretend to be so concerned about, I didn't see, don't see ANY infringement on that by Trump and his policies. ALL firms were, and still are, free to weigh the pros and cons and decide what is best for them and their shareholders. For instance, our widget company would weigh cost savings on labor against the added cost of paying the tariff. If they could still net more profit by remaining in China, that is what they would do. So? How is that any different than every other decision businesses have to make every day?