Systemic view on free markets, tariffs and standards

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Description

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High levels of consumption

Governments pay for counter measures

Need to pay taxes to cope with consequences

Lower standards (ethics, environment)

Energy intensive transportation

Counter tariffs

Exports from competitive industries

Tariffs

Survival of non-competitive industries

Cheapest products from anywhere

Negative effects of pollution and refugees

Prices

Jobs

Our well being

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Comments (1)

Kai Neumann

Interestingly, without any higher moral standard (the future of our children, ethical standards elsewhere in the world, etc.) free trade seems to be increasingly positive - or tariffs negative. So, libertarians might well argue that we need free trade. However, there are balancing feedback loops and if we look at the insight matrix of the negative effects we clearly see that tariffs would mitigate them.