logoalt Hacker News

rozaltoday at 4:08 AM4 repliesview on HN

oh no, lost jobs and and dying economy!


Replies

nltoday at 5:01 AM

> oh no, lost jobs and and dying economy!

It worked for Australia (which has a fairly similar economy to Canada).

It has led to a "Dutch disease" reliance on the resources sector in Australia, but that isn't radically different to the Australian economy before (mostly proportionally more coal & iron ore exports, less wool and grain)

inigyoutoday at 5:01 AM

That is a policy choice. Why do we need jobs if we're getting unlimited free stuff? The laws of physics aren't requiring us to - we are requiring us to.

LoganDarktoday at 4:14 AM

It is genuinely impossible to compete in a market where alternatives are cheaper enough, just look at how Amazon Basics squeezes competitors out of business.

show 1 reply
Barrin92today at 5:18 AM

protectionism is what kills your economy because it cannot raise aggregate output. You can't "save jobs" in total, only a minority at the expense of the majority. When you raise tariffs on Chinese imports every consumer takes an economic hit, which otherwise would have gone to.. job creation and consumption. You'll have on net fewer jobs because you've made your country poorer.

Not to mention, Canada being largely a service and resource extraction economy doesn't even really compete much with China.