Souseiseki wrote:Novus America wrote:
Clearly given our massive deficit since the 70s we have been getting bad deals since then.
See what is good for certain US corporate interests is not always good for the US.
Many of our own companies actively screw the US and actively work against the US.
Many of our corporations have zero to our country, unfortunately.
i'm not economist but it's my understanding that "defecit = bad" is a very oversimplified and not necessarily correct view of trade. do you think the US was somehow bullied by rando countries into bad deals?
Well a balance of payments is actually a better measure to use but we have a deficit there as well.
But actually no, we were not bullied. We got hit by a case of a bad ideological bug and deliberately made unilateral tariff reductions in the name of ideology.
We were extra fucking stupid. We shot ourselfs in the foot.
But we are at least not doing that as much anymore.
But it has surprised a lot of countries that we changed on that.
And we have a lot of damage to fix. Almost 50s years worth of self destructive idiocy.