@bsmgmr @RodDMartin@healthy_nano if people are producing a product for 100$ and reselling for 3500$.
Even if the company had a patent people would still be producing it illegally to make profits and that would lower the prices .
We don’t exploit.
+
@bsmgmr @RodDMartin@healthy_nano China works in almost perfect competition, they have no money to reinvest.
We have a BETTER educated workforce, more money hungry entrepreneurs.
We will make more efficient,better systems and innovate.
Eventually we will produce for much cheaper
@bsmgmr @RodDMartin@healthy_nano Economics (Tarrif):
USA(10$) production cannot compete with China (5$)
100% import tax
Usa = (10$) China = (10$)
USA firms can now start to sell
After selling they become more efficient e.g bulk buying, hiring professionals etc..
Now USA (7$) and even cheaper in the future.
@throau@RodDMartin@SgtDavidScott 3% drop in GDP is astronomical bro LOL. We talking abt real GDP not nominal, thats a fat L to production and huge spike in unemployment
**COURT GIVES GAZANS RIGHT TO SETTLE IN UK**
This is outrageous!! Who are these people? what are their ideologies? Why won’t Egypt or Saudi Arabia take them?
TRUMP have won the U.S. Elections
and as promised I will giveaway $2600
Bitcoin to 10 people in next 48 hours.
To join just like this post, Repost it
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I love you all and I will always try my
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