The interesting thing is not that the 20% probability event occurred but that the probabilities did not continuously converge to the correct outcome. Until the last second market was not only putting strictly positive probability on the wrong outcome, this probability was 60%!

To be fair (and I have no idea who he is) he is not asking what comparative advantage is. He is asking why it would lead to trade deficit which seems to be a fair question.

All that will happen is that consumers will experience higher prices and/or lower quality products.

It will take a long time for the industries to recover if at all, and if they do they will most likely still be not competitive since whatever the underlying structural reasons that they failed in the first place will still be there.

You are paternalistic by default not by choice.

There is a world of difference between finite, countable infinite and continuum. If you don’t believe me ask Cantor.

It was joke playing on the fact that the post is about worrying about worrying.

Technically it can be true. Just means outflows of immigrants.

It seems to me that you are over-worrying about over-worriers.

I also put algebra there that I don't want to delete (in case I want to recall my steps) but I don't want others to see.

What they are doing is something like seeing that your kitchen tap is dripping and cutting off water from the whole house and blowing up your kitchen. Obviously every large and complex enough system has inefficiencies but the way to correct them is not to destroy the entire system.