Which crop that we currently grow, which farms that we currently use to produce āxā, which workers who are currently doing āyā should we recruit into this newfound industry growing vanilla because weāve decided we donāt like Madagascar?
People talk like thereās no such economic concept as scarcity except when it comes to funding the government.
Iāve got a better idea (but @WuWei wonāt like it.)
Stuff we cannot make/grow here (like vanilla beans) we just tax it and thereby reduce the deficit.
Or . . . people will buy imitation vanilla
Or . . . people will use less vanilla and more of something else
Or . . . vanilla will be taxed. (I am not sure that deficits are always and everywhere better than taxes.)
Well the thing is
if they can grow spinach in manhattan
($0.89 to $2.23 per pound in suburban supermarkets)
they can grow vanilla beans in manhattan
($70.30 to $111.35 per pound in suburban supermarkets)
Or have libs abandoned that whole ābuy localā thing since there is an (R) in the Whitehouse?
Because thatās what āreciprocalā means, to put tarrifs on all countries that put tarrifs or other trade barriers on the US. RECIPROCAL! Why is that a difficult concept for you guys?
Compared to France Napa and Sonoma are tiny. Yes great wines but bottle to bottle much more expensive for similar quality and much much lower production levels. Still a hoot!
But regardless today nearly all vanilla comes from Madagascar.
Itās not about whether or not we CAN. We can produce textiles too - and probably do it better than anyone in the world. We can probably make better plastic toys than any country in the world.
But resources are scarce and we canāt produce everything.
We spent decades creating a vanilla market in Madagascar for US buyers like McCormick. Deidicated USAID to making a viable market for a US company while supporting Madagascar communities.
Trump comes along and blows it up overnight because the people of Madagascar and their $400 per capita income donāt buy enough from us
And if China (and Vietnam) allowed land ownership, and labor unions, and allowed people to move out of towns with a labor surplus and into other towns.
And if China didnāt have two currencies (as a non-tariff barrier to trade)
And if China didnāt manipulate its currency.
And if China didnāt subsidize steel and autos and energy and fish farms etc.
Then what would the market likely choose as best uses of our scarce resources?