Unfair Trade Practice

And finance Allah Shmoop What is dumping up Oh well

yeah I guess it's like that And you might recognize

this excellent scene directed by Bob Zemeckis It won the

porcelain pony on Yeah if you never saw it or

need a refresher What is predatory pricing Well basically it's

the act of selling of a product at a price

below production cost with the intent to bankrupt competitors so

that when they're gone while the Predator can swoop in

and charge whatever pricing they want while similar to predatory

pricing dumping is the export of product from one country

to another at a price below the price at which

it sells that product domestically Alright extreme Somalia finally gets

its act together as a country and instead of spending

efforts on pirating and assisted genocide they decide to make

cars and waited diversify their guys They're funded by pirates

Are us the most profitable bank on earth and they

make trucks You know the kind You always see terrorists

CNN shots of you know huge dance bumps and scratches

but the trucks keep running just fine like even on

three wheels So Somalia makes trucks just like this and

dumps them in the U S for ten grand each

Well after five years of this dump for GM and

Toyota the Big Three truck makers are all dead Nobody

wants to pay three times what the terrorist warlord model

costs in order to buy a truck that's American made

when those Big Three or gone Somalia then raises prices

above where they were AII instead of their truck selling

for ten grand they now sell him for forty grand

reaping huge rewards So you'd ask yourself Is this bad

Is this illegal Is this even sustainable Like what if

they do dump for five years and lose billions Won't

new competition come in and destroy the company Consumers will

then have benefited from the low five year dumping prices

So it's free trade Why not let it be free

Well good questions to noodle on you know while you're 00:02:07.35 --> [endTime] dumping