As they say in the game: If you serve somebody, and then they serve you back, IT’S ON!
I just got served with a batch of new tariffs. Importing some furniture for a client. What a nice surprise! (But I don’t know how to serve them back…)
Here’s how it works:
A guy in another country wants his people to buy stuff from his country, so he raises the prices on stuff coming in from other countries.
To get him back, the leader of the first country punishes you by raising prices on the things you buy. THAT WILL SHOW HIM!
It really makes sense when you say it. It sounds good and it sounds like it will work. Therefore it will work, right?
Not so fast. With decades of monkeying around with duties and import taxes following this theory under our belts, it’s safe to say that it’s nothing less than absolute failure. People still buy stuff from all over the place. Local industry hasn’t been helped. No one knows where the money went. Maybe if they let the people keep it, they would have more to spend locally. You never know! That is also a theory that sounds good! The least we can do is test it!
(They do this in the military as well. When you mess up, they don’t punish you. They make all your friends do pushups. Or whatever. So you feel extra bad and don’t do it again. IT WORKS! Let the punishment flow… The only difference is that no one here really messed up. But who’s counting!)
A simple life lesson about things that don’t work…
Here’s a good skill to have in life: When what seemed like a good idea turns out to not be a good idea, STOP DOING IT! And then don’t do it again. It’s simple, but not easy as they say. It requires analysis, introspection, guts. Whatever! That’s just a bit of advice for you.
If you’re in the government it’s even harder to let go of a bad position. Because if you’re there, you know full well that it’s more important to have what you’re doing sound good than be good. Being good doesn’t get you the votes. SOUNDING GOOD IS GOOD!
AND NO ONE LIKES A FLIP-FLOPPER!