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Derid #114362 02/21/13 02:23 PM
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We both know that is not the case here. A generation to recover from? World moves at much to fast a pace for that. 3 years tops.

Your scenario is just the one peddled by the folks who had the most to lose. Nature abhors a vacuum, and the vacuum left at the top would have been filled in short order.


For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)
Derid #114379 02/21/13 06:36 PM
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Subtract TRADE (both import and export) from GDP, then assume annual growth of 3% and calculate how many years it would take to recover.


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Derid #114383 02/21/13 10:01 PM
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You are making an unfounded assumption that other factors would remain static.

I would rather assert that stopping any trade with China especially, while painful at first would drastically accelerate domestic economic growth.

Globalism is not all its cracked up to be. Division of labor is one thing. Offloading manual labor to virtual slavers, then wondering why it is difficult to be competitive by using domestic manual labor is another.


For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)
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