farticustheelder t1_j4nybtq wrote
Consider localization and fair trade.
Localization refers to, at least at first, to energy generation and consumption. No more oil producers and oil importers. Got a country? Buy solar panels and windmills and grow your own. No more parasites like OPEC sucking the lifeblood out of economies.
Next comes fair trade. I like Tesla's idea of making cars where you sell them. That provides good jobs in those markets. It remind me of Henry Ford paying good wages so his employees could afford to buy what they made!
We are starting to see the emergence of a system of distributing jobs fairly across economies. Consider the US IRA bill: make the vehicle in USMCA and get half the credits, use batteries made here and get full credits. The EU is doing the same.
I imagine that in 2-3 the system will look like this: BMW makes cars at its US factory, half the credit; BMW buys made in USMCA batteries and gets 100% credits. Expect for ultra high end stuff that uses 'super special batteries only made in one tiny Bavarian factory' which wouldn't qualify for credits anyway.
So good jobs get spread around. Everyone wins.
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