Liberal Forum

Blackvegetable » 21 Jul 2022, 10:19 am » wrote: ↑

21 Jul 2022, 10:19 am

Let's try to stay in context.

You asked about unions and inflexibility and I offered an example.

I spent time in Brazil in the mid 90s. At the time, imports were punitively taxed, pretty much regardless of category.

If you want to see an environment in which Elites thrive, go to a country where local industries are protected.
Goods are of lousy quality, and with no pricing discipline, very expensive. People were buying EVERYTHING including shoes and clothing on installments. Local manufacturers, reaping massive margins, would rely on local markets and public financing, and take their obscene profits to the US and Europe.