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Forum Post: New Economic Theory

Posted 12 years ago on Nov. 6, 2011, 5:33 p.m. EST by routerprotocol (0)
This content is user submitted and not an official statement

(High economic security + Low overall national economic Gains) >>> (Low economic security + High overall national economic gains)

If a nation can’t find occupation replacement for people displaced due to off-shoring, it is better to adopt protectionism and settle with lower overall national gains. Else it could result in exorbitant gap between the rich and poor, and cause inflation, law & order issues, rising crimes, and thus stifling national growth in the long run

And that is what is happening in the Western world now.




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[-] 1 points by MortgagedTent (121) 12 years ago

I believe you basic statement is correct. The first thing we need to do is get money out of politics. Political 'careering' has gotton way out of hand. With the fog of the corporate/elite stranglehold on politics removed - I think practical solutions can and will be found such that protectionism doesn't consume us.