HomeUploadUpload DirectHotlinkRandomAbouttheme toggle

Why Trump's 'Buy American, Hire American' is un-American

Views:1024
@ReasonVids

In his quest to "Make America Great Again," President Donald Trump has spent a week encouraging us all to buy products "Made in America."

That makes for a good slogan—who doesn't want to support home-grown businesses?—but bad and incoherent policy. Most of all, it will do little or nothing to help Americans who have been put out of work by changes in technology and the economy.


Subscribe to our YouTube channel: http://youtube.com/reasontv
Like us on Facebook: https://www.facebook.com/Reason.Magazine/
Follow us on Twitter: https://twitter.com/reason
Subscribe to our podcast at iTunes: https://goo.gl/az3a7a

Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines.


For starters, it's hard to even get a clean definition of what it means to be made in America. The Jeep Patriot, for instance, pushes nationalism in its very name but its transmissions are made in Japan, Germany, and Mexico. The same is true for dozens of products carry a "made in America" tag—oftentimes, a lot of something is assembled or sourced outside the United States and only a little bit of labor is added within our borders.

The United States often has much higher labor costs than foreign countries, which means the same thing created solely in America would have an astronomical cost. According to one estimate, if Apple iPads were made in America, they would cost $967 a piece or about three times today's basic price. The resulting fall in sales would cost about 67,000 manufacturing jobs.

Pushing "Made in America" carries other costs, too: To hype his "Made in America" policy, President Trump invited 50 exemplary companies to the White House for a photo op. It turns out that 21 of them received various federal, state, and local subsidies worth about $600 million. If you're taxing Peter to subsidize Paul, chances are you're not creating much real economic activity.

Pushing economic nationalism is also an affront to personal liberty and basic economics. Why shouldn't individuals be allowed to buy the products they think are best and cheapest regardless of where they come from? You might as well tell people to only "date American" or "vacation American."

Virtually all economists agree that protectionism dampens economic activity and growth by increasing prices and keeping workers and resources in sunset industries that will need more and more help to stay afloat. One study of industry-specific protectionist policies found that trying to make people "buy American" led to consumer losses per job saved of over half-a-million dollars. And for all the talk Donald Trump and others hve made about bringing back "good-paying" manufacturing jobs to America, the fact is that manufacturing jobs as a percentage of the work force peaked in 1943 and has declined ever since. We're truly a post-industrial nation.

There's no question that even with historically low unemployment rates, many Americans are having trouble finding good-paying, rewarding jobs in a global economy that demands constant upgrades and changes from workers. But the best way to help them is by pursuing policies by help produce the sort of economic growth that creates new jobs, new opportunities, and new wealth for all of us: Lower government spending, flatter and less distorting taxes, and less regulation.

Telling us all to "Buy American" is a cheap slogan best left on baseball caps made overseas.

Edited by Todd Krainin. Written by Nick Gillespie. Cameras by Meredith Bragg.

libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
jobs
,
employment
,
nationalism
,
protectionism
,
made in america
Thumbnail for Stossel: Departments Grow and Cherries Rot3:29
Stossel: Departments Grow and Cherries Rot
ReasonVids
880 views
Thumbnail for Nigress gets honked on, to the delight of the monkey peanut gallery0:24
Nigress gets honked on, to the delight of the monkey peanut gallery
bestofvoatxyz
817 views
Thumbnail for 🏈 Eagles VS Saints | ULTIMATE Live Stream Reaction | Week 33:43:31
🏈 Eagles VS Saints | ULTIMATE Live Stream Reaction | Week 3
invidious
150 views
Thumbnail for It taste’s heaven #shorts #sonalkirasoi #turmericlatte | Sonal Ki Rasoi1:00
It taste’s heaven #shorts #sonalkirasoi #turmericlatte | Sonal Ki Rasoi
invidious
253 views
Thumbnail for Local PD enjoying Chicago's pop-up Safari park0:25
Local PD enjoying Chicago's pop-up Safari park
voatcatbox
271 views
Thumbnail for One World Digital Currency & Servitude37:10
One World Digital Currency & Servitude
bestofsaidit
573 views
Thumbnail for 💙 FREE FIRE AO VIVO 🔴 15 BOOYAHS SEGUIDOS NA RANK ! PEGANDO 21 MIL PONTOS 🔴 LEVEL UP AO VIVO | Levelup Lives8:56:06
💙 FREE FIRE AO VIVO 🔴 15 BOOYAHS SEGUIDOS NA RANK ! PEGANDO 21 MIL PONTOS 🔴 LEVEL UP AO VIVO | Levelup Lives
invidious
110 views
Thumbnail for The WHITEST Part of England? - Nigel Ng (aka Uncle Roger)6:22
The WHITEST Part of England? - Nigel Ng (aka Uncle Roger)
AOU
1239 views
Thumbnail for Nigger behaves like a nigger and then gets treated like a nigger 0:48
Nigger behaves like a nigger and then gets treated like a nigger
bestofupgoat
180 views
Thumbnail for The Trump Tax Plan Is Government as Usual4:20
The Trump Tax Plan Is Government as Usual
ReasonVids
821 views
Thumbnail for Obama vs. Reagan: Ray Griggs on His New Film, 'I Want Your Money'7:34
Obama vs. Reagan: Ray Griggs on His New Film, 'I Want Your Money'
ReasonVids
927 views
Thumbnail for There's a reason Western media never put subtitles on Hitler's speeches, so that he just sounds like a big anti-semitic meanie2:19
There's a reason Western media never put subtitles on Hitler's speeches, so that he just sounds like a big anti-semitic meanie
bestofupgoat
47 views
Thumbnail for Dice: Where tech connects. | Dice: Where tech connects.0:16
Dice: Where tech connects. | Dice: Where tech connects.
invidious
352 views
Thumbnail for Atlas Shrugged: Part II Greenlighted, In Theaters Next Fall3:40
Atlas Shrugged: Part II Greenlighted, In Theaters Next Fall
ReasonVids
982 views
Thumbnail for The Power of Nazi Propaganda5:46
The Power of Nazi Propaganda
ReasonVids
918 views
Thumbnail for Obama's New New Deal: As bad as the old new deal?4:06
Obama's New New Deal: As bad as the old new deal?
ReasonVids
890 views
Thumbnail for If We Do Nothing: Remembering Joe Sobran7:10
If We Do Nothing: Remembering Joe Sobran
AmericanRenaissance
799 views
Thumbnail for Stossel:  Who Owns Your Body5:21
Stossel: Who Owns Your Body
ReasonVids
845 views
Thumbnail for Overstock's Patrick Byrne on Bitcoin, Net Neutrality, and Mixed Martial Arts1:19:36
Overstock's Patrick Byrne on Bitcoin, Net Neutrality, and Mixed Martial Arts
ReasonVids
674 views
Thumbnail for Mike Pence is a Conservative Statist: Judge Andrew Napolitano on Trump's VP Pick0:43
Mike Pence is a Conservative Statist: Judge Andrew Napolitano on Trump's VP Pick
ReasonVids
897 views
Thumbnail for Is America Too Forgiving? The Case of Lance Armstrong6:56
Is America Too Forgiving? The Case of Lance Armstrong
ReasonVids
913 views
Thumbnail for Campbell Brown on Her Fight To Get Lousy Teachers Fired5:55
Campbell Brown on Her Fight To Get Lousy Teachers Fired
ReasonVids
889 views
Thumbnail for I hurt myself laughing, who is creating these!?!2:19
I hurt myself laughing, who is creating these!?!
bestofvoatxyz
506 views

points

Permalink
Reply
libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
jobs
,
employment
,
nationalism
,
protectionism
,
made in america
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle