A Modest Proposal
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by Devoid
As you may or may not know, I'm a pretty big supporter of free trade, and have been for quite a while.
The eUK is incredibly protectionist, and while this MAKES MAH BLOOD BOIL, I'm not trying to change this overnight. In time, perhaps, but not overnight.
No, I'm here to make a quick and shiny proposal to do a little good for this basketcase of an economy.
http://www.erepublik.com/en/country/economy/United-Kingdom
What do you see there? Among other things, I see that 1) we have no grain, and 2) we have 99% tariffs against grain.
I can't think of a more plainly terrible economic policy than to have maximum tariffs in an industry where we are naturally weak. This is a great way to hurt the economy on the whole, and it appears to be doing that quite well.
If we import grain from countries that can actually produce it well, that frees us up to work on things we do better. We're better off in the end, and really at this point, we can use every little benefit we can get.
Import taxes on grain should be slashed to the bone.
Angry British Farmer says, "But this will hurt my profits!"
Yeah, it will, but it's for the good of the country. Get over it. I have a grain company here too, and I'd happily trade away a few pence on the price of grain if it will benefit the country.
Devoid
One of the pillars the APP stands for is reforming and liberalizing our economy. If this sounds like something you could get behind, considering joining up with us. Message me with any questions.
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How would it benefit the country?
Because we stop wasting labor in an industry in which we are inefficient, and can shift that labor to industries where we are more efficient. And thus we produce more value of stuff total.
No point producing stuff efficiently if there isn't a demand for it. Wages in gold are very low showing that there is little demand for workers so wasting labour is hardly a problem atm.
There is *always* a point in producing stuff efficiently. The world at large is producing a certain amount of stuff, and buying a certain amount of stuff. If we can produce a higher proportion of the total, we're wealthier for it.
It's at least worth discussing in PD, Devoid you should make a thread. I'm not sure what demand there is for grain, or if lowering taxes would help push the price down. You know I worry about currency rape as well, and I haven't (along with everyone else) much gold left to sell if we take a bunch of large hits on the sell gold side of the MM.
Still, we suck at producing grain so if we are going to lower import taxes, this is a good industry to do it in. If you can get HoC to agree, I'd recommend 1%.
It used to be lower remember. That only led to a collapse in wages
A Modest Proposal >>> instantly thought you were proposing eating irish babies
Would anyone import our iron/oil/aluminium in return?
Look around the world. There are plenty of nations with low tariffs on those.
Also, I'm all for eating Irish babies too.
Made sense to have it at 99% when we were trying to keep a peg of G-GBP at 60, then 70, then 80 each. Whats the difference between 200 GBP per G, and 300-400 GBP per G? No-one will let the rate stay that low forever, be they brits or poles; profit speaks, and over 250 currency per G is profit that no-one is going to turn their noses up at.
I agree.
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