Quote:
Originally Posted by Barry-xlovecam
The USA COULD exist without any imports or exports.
How the USA standard of living would change is an unknown.
The USA would no longer bleed dollars to the rest of the world nor enjoy any benefit gained in the global marketplace.
US Americans may not end up poorer but the rest of the world may. Or, maybe the rest of the world would form new markets and do OK -- who knows ... Want to roll the dice?
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The only real examples of closed economies such as this have all, without fail, resulted in stagnant decaying and declining societies where extreme policing of the population is required to maintain social order.
Soviet Russia.
Cuba.
North Korea.
China pre relaxing of Communism and introduction of market forces.
The US (as do all western economies) owe their success to competition and international trade. Whether it is the free flow of ideas and capital, the vast markets for export, or the low cost goods for consumers, competition and trade is the life blood of the west.
If the US closes up into some kind of Trump Republic you will definitely solve your migration issues. In fact I would envisage the Trump SS needing to restrict foreign travel to stop you all escaping.
This is what the good people of Soviet Russia were able to buy if they could afford it (and had got through the 10 year waiting list)
