logoalt Hacker News

d1sxeyesyesterday at 4:27 PM1 replyview on HN

It’s not a “middleman rent seeking”, it’s protectionism. If lower cost production is available elsewhere in the world, there are three options.

1. Stop producing locally. Allow the market to take care of it.

2. Deregulate minimum wages to allow local businesses to price locally produced goods competitively.

3. Impose a tariff on incoming goods to protect local producers.

Which is your preference?


Replies

mantasyesterday at 4:50 PM

Market has already did the thing. In this case it's protecting local retailers who import in bulk over consumers importing individually.

show 1 reply