Earlier quoted context omitted.
> a handful of powerful, connected "insiders" will be allowed to operate businesses, and will dominate... while everyone else gets wiped out, by acts of government Note that this is not an exemption for companies, but an exemption for goods: > A new list of goods to be exempted from the latest round of tariffs on U.S. importers was released, and it includes smartphones, PCs, servers, and other technology goods, many…
So all anyone has to do to qualify is produce some of the most complicated electronic devices and components in the history of the world at the largest scale possible, without which there is zero chance of being sustainable or competitive, and then they can benefit from the gifts to the established giants? What a gift. What a great idea. That'll surely spur innovation and domestic production and have no effect to fur…
It seems like some of these comments are missing how competition works.
Competition happens within the same type(s) of goods, not across them.
That is, the companies making the goods still affected by tariffs aren’t in competition with the companies making goods now exempt by tariffs.
Yes, its true that they will have a better chance at thriving under these exemptions, but whether they thrive or not should have little impact on the other companies.
To be clear, I’m not arguing in favor of this decision — or any of the tariffs, for that matter.
I’m just simply arguing that competition isn’t really the angle to use to argue against this particular decision.