Originally Posted by Kolenka
I'm not really sure how tariffs and devaluing one's currency to make exports more palatable have anything to do with the topic at hand here. Beyond maybe the fact that currencies are of inequal value, and regions have inequal costs of living, creating the situation of arbitrage that took place here. Ending currency manipulation will not end that, ending tariffs won't end that, and tariffs do still provide a useful service that has nothing to do with the issue at hand.
Archaic notion? Maybe. Reality? Yes. The problem here is that you don't have a world government, world currency or really any organization at that level which can properly level the playing field. Each nation has different laws. Each nation has tariffs on imports (see Brazil's 100% tariffs making Foxconn build plants there to bypass it). As long as you have all these different sovereign nations with their own idea of what is moral and legal behavior, you cannot get a truly global economy. At least not one that is less neurotic than what we have now. If you haven't realized how neurotic the global economy is by now, you haven't worked at a company that operates internationally, or have been ignoring the economy section of the newspaper for the last 50 years.
At least we recognize what the problem is, if the global economy is insane, aren't those who continue to allow it to function crazy as well??