Free trade for the developed world inevitably leads to a service economy. Service jobs tend to be skilled jobs so are highly paid. However what we lose is far greater than our economic gain. A nation loses its logical basis which is the regulation of the exchange of goods between individuals as no goods are being produced in the nation. We lose our sense of citizenship. Our communities become atomistic and we leave ourselves vulnerable to foreign invasion. Manufactuing equals freedom.
@OrangeManIce That's just not true... America has many things to export and they do, its just that they don't have the major exports that NICs do such as china and its toy industry and India and their steel. For example, America is one of the largest peanut producing nations on the planet. All countries export items other nations want and import things they want. All nations have things to give.
@OrangeManIce America doesn't lose anything when they buy goods from other countries. The product America buys has equal value to the amount of money it is paid with. The only way for America to be able to buy something is to produce stuff.
And unless we the people do something about it, it isn't going to change. These people will destroy our republic when it's all said and done. They have to go. By ballot box, bars or by other means supported in the constitution.
One would think that the Millions of jobs lost due to Free trade would be a clue to some people. It actually is; but, it's what they were counting on to happen. So, to them, it's a good thing; but, they have to pretend it's bad that people lost jobs and that somehow the cause of it is the cure. They only look like morons because they expected that the sales pitch was going out to morons. When that didn't work out, they started badmouthing people who know better - everyone, in other words.
@havoc092 Wow havoc, I read some of your posts, I couldn't agree more. When protectionist policies ended, and laissez-faire free trade began our economy was destroyed. Eisenhower started the process by allowing W. Europe and Japan to feed off the american economy, in order the keep them out of the Soviets camp after WWll. Laissez-faire free trade will only produce a global plantation, in the hands of a few elitist.
..but alas, nice to see you're still dodging, as expected. Trade is something we've always had. We always had import duties as well. It wasn't until the import duties were removed and all the anti-dumping, anti-competition laws were removed that the economy crashed. No jobs, no money. No money, no mortgage payments, no wall-street investing, nothing. Might remind you as well that WallStreet was raging with Larceny right before 9/11. Was being robbed blind, just like the 30s.
By the logic of the free traitors, if free trade worked, then when King George used it against the colonies to destroy the colonial economy, it should have backfired and grown it. Afterall, George was supplying the colonies with an abundance of CHEAP goods - cheaper than the colonists could produce for themselves or get from any other source including smuggling from Holland. It didn't backfire. It produced the result intended which was economic destruction - not prosperity.
In the US a treason charge can only be leveled if the criminal behavior happened in a time of war. Just so happens we've been in a continuous legal state of war since the Bush Sr. Administration. Were that not so, Treason could not be charged. Sedition or espionage would be the worst charge one could have levelled in court. King George's economic strategy to destroy Colonial wealth is the same crap you now call free trade. You're defending treason as if it were smart.
And in saying you should be in prison, that isn't a radical application of the law. It's tame. Nor do I think I'm saying it forcefully enough. Betraying a nation is called treason. In any other country, you'd be stood against a wall and shot. Here, we believe in giving you a fair trial and letting the jury decide your fate. Most likely, here, that would be life in prison. Though treason does bring death penalty sentences here as well.
@havoc092 said, [["And in saying you should be in prison, that isn't a radical application of the law. It's tame. Nor do I think I'm saying it forcefully enough. Betraying a nation is called treason."]]
That just goes to show how small minded you are, as I could make the same charge against you. Tariffs COST jobs, reduces our standard of living and reduces the wealth of our nation.
Protectionism, as you call it, turned the United states into the wealthiest nation on the planet and a world superpower. Your free trade wrecked that in less than a generation. How you can straight faced try and convince people that a poverty creator is superior to a wealth creator begs the question of your sanity and that of anyone stupid enough to think you sound rational, much less intelligent. Again, folks like you should be in prison for what you've done to this nation.
People that support free trade only care about exploiting cheap labor so they can rake in big profits or big savings for themselves. "Free" traders are human parasites. They should all be exiled to the poorest city in the world where they can be forced to live by their 'race to the bottom' economic theories.
@ResistanceReportCom, It really does't matter if business men are altruistic and benevolent in their intent. What matters is that factory work overseas is desirable to these foreign workers or they wouldn't seek those jobs. They are increasing their standard of living by having companies compete with each other for skilled labor.
A 690 BILLION dollar trade deficit (thanks to "free" trade) doesn't make the USA richer, but poorer! Anyone who says different is either a fraud or a fool. By a fraud I mean someone that is making large profits off of cheap foreign labor. These "free" traders just want to exploit poor people around the world. They are disgusting human parasites who should be killed.
@ResistanceReportCom, how would it improve the health and welfare of these poor foreign people by reducing their job opportunities? Without government collusion, it's free trade and competition that offers incentive for a company to offer better pay and better working conditions than their competitor. Restricting trade does the opposite. If you care about their welfare so much, then you should be a proponent of free trade and capitalism.
@LucisFerre1 Their job opportunities are their problem, not mine or my countryman's. Free trade has DONE NOTHING to offer people better working conditions. I do care about foreigners welfare, but I care more about my countryman's welfare, that's why I'm against "free" trade, because it's bad for my country. I'm not going to waste anymore of my time arguing with you or anyone else who doesn't understand this subject, and or who doesn't give a damn about the USA.
@ResistanceReportCom Job opportunities is their welfare. You either care about it or you don't, but you can't do both. Free trade is not bad for our country, Protectionism and tariffs are bad for our country. Again, why have 300 American workers manufacturing $15 ballcaps when you can have 300 American workers importing and distributing ten times that amount? You would have a larger market base and when Johnny buys the $5 hat, he spends $10 at the local store, creating American jobs.
@LucisFerre1 If so-called protectionism were bad for us, why'd we become a superpower that way and lose 30 percent of our jobs under free trade instead of the other way round. For all your blustering and wind making, you guys are never too hip to address that stubborn little fact. It makes liars of you all.
@havoc092, Sorry, but protectionism does not create jobs by making goods and services MORE expensive for the customer, increasing costs of labor and reducing the customer's freedom to choose.
It's undeniable, you can have 300 employees making $15 hats, or you can have 300 employees importing and distributing $5 hats. If you import $5 hats, the customer has $10 dollars to spend at the local market, bakers and butchers. That CREATES jobs in America.
@LucisFerre1 You keep vomitting this nonsense; but, it literally flies in the face of well established fact. Theory and the repetition of meaningless soundbites do not trump reality. When you can get your head around that without it exploding, we might have something to talk about. The fact remains - your pet theory cost 1/3 of america their livelihoods and sent the country into a Greater depression than that of the 30s. That's reality debunking you.
@havoc092, Really? Since when is America operating without tariffs, excise taxes, tolls, customs, duty, import tax, levy, points, and surcharge? Our foreign trade had nothing to do with our current credit crunch and subsequent contraction of the money supply/deflation and the slowing down of our economy. If anything, trade restrictions exacerbated the problem.
@LucisFerre1 Our foreign trade has everything to do with it. If you hadn't noticed, our economy turned on a dime and took a header straight into the crapper in the 90s after NAFTA passed. Credit isn't the problem. Loss of jobs is the problem - jobs that went overseas en masse. The treaties enabled that circumstance which prior to NAFTA couldn't have happened. And the money supply didn't contract - it expanded. The fed has been pumping out dollars like gangbusters.
@havoc092, No, the money supply severely contracted. More than half the money supply IS NOT CURRENCY, it's loans, credits and interests created by commercial banks. When we had a "credit crisis" the money supply severely contracted, causing deflation
Deflation: a reduction in the level of total spending and economic activity resulting in lower levels of output, employment, investment, trade, profits, and prices; a fall in the general price level or a contraction of credit and available money.
@LucisFerre1 Restrictions are being lifted to further expand the wealth of the elites at the expense of the rest of the nation. They export the jobs, exploit cheap labor, destroy the income base here and then reimport their goods and services at the same prices, sucking more money out of the economy and overseas. There's tons of money, it's just everywhere but here - because of Trade policy and businesses that offshore and outsource. The economy has been raped.
@LucisFerre1 And while the economy was being raped of jobs and consumer dollars. The worth of the dollar has continued to be stolen from the American middle and lower class. That's done by printing dollars and devaluing the bills in circulation. The worth of the money is stolen from those possessing it and then loaned back out at interest to the people who are wrecking the economy in the first place with their business practices. The wealth is being raped, robbed and exported.
@LucisFerre1 Again, it would be helpful to your case if reality didn't disprove every bs word you babble out. Free trade sent this country into a depression. What you want to spittingly call "protectionism" as if it's a bad word, made this nation a superpower. Protectionism, as you call it, kept our enemies from undermining our economy. It's actually part of Washingtons constitutionally defined jobs.. called national security. And guys like you should be in jail.
@havoc092 said, [["Protectionism, as you call it, kept our enemies from undermining our economy"]]
Nations try to embargo their enemies to restrict their foreign trade in time of war.
Protective tariffs are a means whereby a nation attempts to prevent or dissuade their own people from engaging in foreign trade. Protectionism then is to do to ourselves in peacetime what our enemies try to do to us during times of war.
@LucisFerre1 Protective Tariffs are the means by which one balances the equation of two unequal currency systems, unequal cost of living, etc. The intent of the founders finally expressed in the constitution was to use Tariffs to prevent enemy nations from undermining the economy in the same way King George had - using cheap british goods to destroy colonial production. That's what caused the revolution. Has nothing to do with stopping people from engaging in trade..
@LucisFerre1 .. The point, rather than stopping trade, is to make trade Fair and keep foreign countries from running us out of our own market place. Again, King George did this by raising taxes on trade between colonies (raising their prices) and lowering taxes on British goods. British imports, then, were so cheap that colonials couldn't compete and began going out of business. This stopped wealth creation in the colonies and started the revolt against the King. History.
@havoc092, There is no such thing as a "trade deficit" because we don't trade exports for imports. We trade exports for cash and cash for imports. EACH transaction should be independently profitable TO US. EACH trade is an import & export. One form of wealth is represented with cash, the other is represented with a commodity. IT DOESN'T MATTER which way each form of wealth flows AS LONG AS WE MAKE A PROFIT on each trade. If each trade is profitable, it's impossible to have a wealth "deficit".
@LucisFerre1 I didn't say anything about trade deficits. Nice attempt to change the topic. The simple fact is that we were the most wealthy nation on the planet and the sole remaining superpower until free trade. Under free trade, we are in the greatest depression this nation has seen, 1/3 of the nation out of work and no real job creation as jobs continue to go over seas and otherwise close for inability of a minimum wage worker here to compete with 32 cent chinese labor.
@havoc092 .. the two conditions are irreconcileable - your claim of the vast wealth you want to associate with free trade vs. the utter economic destruction we have seen and lived with for 20 years as a result of free trade. You aren't talking to an audience unaware of the facts. You simply cannot make a depression into a great economic boom via rhetoric. Nor can you demonize the method that made us the wealthiest nation on earth with any credibility. And it was required by law.
@havoc092 What made us into an economic powerhouse was TRADE, innovation and the industrial revolution. What caused the depression and subsequent recessions have been government interventions in the markets, causing booms and busts. The socialist programs instituted by FDR and the Smoot–Hawley Tariff Act kept us in double-digit unemployment for over a decade.
@LucisFerre1 Sorry, no. What caused the depression was plane and simple - Jobs lost en-masse. You guys want to blame it on anything but what we all know is the root cause. As to the depression of the 30's, Smoot-Hawley was in effect for 6 months; not enough time to rate what it was or was not doing. The double digit unemployment was caused and kept there by manipulations of the stock market that kept Wallstreet purposedly from recovering while the elites bought everything.
@havoc092 [[ I didn't say anything about trade deficits. Nice attempt to change the topic. The simple fact is that we were the most wealthy nation on the planet and the sole remaining superpower until free trade]]
Why do you think people were clambering for instituting a tax during the revolutionary war and during the civil war? It was because trade was often disrupted during these times, which greatly reduced revenue.
@LucisFerre1 ..lets not forget it was the founders that having lived with free trade in their time, required that imports be taxed and that the Federal gvt be funded fully from those import duties. That is how the national govt was paid for during the first century of this nation's existence. And it prevented our enemies from doing to us what King George had tried doing - undermining our economy via cheap imports - duty free. That caused the revolution.
@LucisFerre1 duty free imports and a right to cheap goods is what free traitors have been selling. It's the exact economic weapon that King Goerge employed with some success against the colonies as a weapon of warfare to stop the colonies from gathering wealth. So it's no surprise it's had the same effect today. All of us normal people knew what was coming and tried to stop it and the political class shoved it down our throats while refusing to listen to us.
@LucisFerre1 That is what you're attempting to defend and there is no defense for it. And you do have severely faulty logic in that if the trade were profitable to America, we wouldn't be in the Greatest depression in American history resultant from it. It is profitable to a few americans who betrayed us; but, it's brought ruin to the nation. And we're all living with it, so there's no denying it.
@havoc092, I've refuted this time and again with reasoning and historical facts and you've not even begun to show me how I'm wrong.
You're just impervious to reasoning and information, and you're behaving like a religious fanatic rather than someone who has even a modicum of understanding about economics. Take care.
@LucisFerre1 Lucas, you've refuted nothing. You keep making statements that you can't backup. We can all point to a couple hundred years worth of buildup of wealth under protectionism.. and then 20 some years of free trade that wiped that wealth out. We lived through it. That's what you can't talk your way around. We watched it, experienced it and you are trying to rewrite history. You just can't get away with it in our presence.
@havoc092 said, [["Again, it would be helpful to your case if reality didn't disprove every bs word you babble out. Free trade sent this country into a depression. "]]
No, the Smoot–Hawley Tariff Act was instrumental in causing the Great Depression.
@havoc092, The fact that you're suggesting government force and intimidation rather than rational discourse is more than telling. It tells me that your pro-protectionism stance is much like Lou Dobbs...irrational in the face of contrary facts.
@LucisFerre1 I suggested no such thing. What I suggested is that the government's role as defined in the constitution is to prevent the economy from being destroyed as it has been. They have, rather, played a major part in destroying it for our enemies. The legal term for that is treason. No intimidation intimated. Applying the law, certainly. And the irrationality is yours. Free trade caused our depression and has stopped any recovery from happening.
Why have 300 US employees manufacturing $15 hats when you can have 300 US employees importing and distributing $5 hats? In one scenario, you have 300 employed and a guy with a hat. In the other, you have 300 employed, a guy with a hat + $10 in his pocket. That's MORE WEALTH for our nation. And he's going to spend that 10 bucks at the local meat market which = more domestic jobs.
It's so prosperous that the US trade deficit as of Sep/11 was $ -43.1 billion and this number is data is government data. Which of course is false the number is more than this figure. The same with unemployment. It's so prosperous that we the USA loss already its industrial base and we don't produce almost nothing anymore. We import everything like an island. So prosperous that we lost millions of jobs in manufacturing because companies move to China to produce goods in the name of Free Trade.
@mbmart2005 said, "It's so prosperous that the US trade deficit as of Sep/11 was $ -43.1 billion and this number is data is government data."
There is no such thing as a trade deficit in free trade. Why? Because we are not trading exports for imports. We're trading exports for cash and cash for imports, and in each case the transactions should be win-win for both parties.It's only "crony capitalism" i.e. politics, (not free trade) that would motivate a nation to engage in unprofitable trade.
@mbmart2005 said, "It's so prosperous that we the USA loss already its industrial base and we don't produce almost nothing anymore. We import everything like an island."
You mean like Hong Kong, Singapore and Japan, who have almost no natural resources of their own? This version of thinking that greater productivity will lead to unemployment is related to the Luddite Fallacy.
Exporting industries are severely effected when free trade is limited. US companies rely on other countries exports. Even American made cars are made with parts FROM OVERSEAS. Why would you increase the prices? Would you subsidize the exports of incense sticks and put tariffs on Indian and Chinese cheap incense? No, that would be retarded. For those of you who want to increase the standard of living for other countries as well sure don't seem like it with your free trade limitations.
I have a factory in the US that makes shoes. I pay my workers $15 an hour or more. I can't sell my shoes for the same price as the shoes made in China. The US governement use to put a tariff on Chinese made shoes that made those shoes more expensive than my shoes, so Americans bought my shoes and kept me and many other US shoe mfg in business. Since "Free" Trade" we are going out of business and firing our workers. WHY THE FUCK IS THIS SO HARD FOR "FREE" TRADERS TO UNDERSTAND?!
It doesn't work that way. increasing the price will end up squelching total demand. You might have still let go of workers because low demand for product. Not to mention stores will have to close. The only winners will be shoe repair buisness and second hand stores because many of us will not be able to afford to by new shoes in the number to keep your buisness going.
@Actonrf What low demand for products? The demand is there for Chinese products isn't it? You can't be this stupid. As for higher prices, yes, the price will be a little higher, but people will have the JOBS to pay for it. WHY THE FUCK IS THIS SO HARD FOR FREE TRADERS TO UNDERSTAND? WAKE UP YOU DUMB ASSES! What the do you think made the USA a superpower? MANUFACTURING! NO FREE TRADE! TARIFFS ON PRODUCTS MADE BY CHEAP FOREIGN LABOR! Where are we now with 30 years of "free" trade? Prosperity? NO!
@ResistanceReportCom, why pay 300 American employees to create 10,000 $15.00 ballcaps when we can pay 300 American employees to import and distribute 100,000 $5.00 identical ballcaps? Impoverished Johnny can buy a $5.00 ballcap, but not a $15 one. He has a ballcap AND $10 dollars to spend at the butcher's, baker's and candlestick maker's. That creates more jobs in America. Trade creates wealth, not only for the company trading, but our nation as well.
@LucisFerre1 It's not a trade off - we could and should have both types of jobs. We could create 300 American jobs making ball caps and 300 more American jobs distributing those ball caps. As for Impoverished Johnny, if he can't afford to buy a ball cap made in the USA then he has to wait until he saves up enough money to buy one, or get a higher paying job - which will be plentiful if we scrap to treasonous unfair "free" trade agreements.
@ResistanceReportCom, you're arguing that we should engage in less productive work for a smaller market and the impoverished should "wait" until he or she can spend more money on the same thing. None of this makes any sense. Win-win trade creates wealth for both parties. The poor being able to afford the same thing at a lower price = increased standard of living for our nation and an increase wealth of our nation. We're not "losing jobs" to foreigners. That's a Luddite Fallacy-like illusion.
@LucisFerre1 What are you talking about? Less productive work? Manufacturing is not less productive work. A smaller market? The US is by far the biggest market in the world! You say we are not losing jobs to foreigners? Then what do you call in when a factory closes in the US and moves to China or Mexico? It's obvious that you don't know what you're talking about, so I'm not going to waste anymore of my time on you.
@ResistanceReportCom, Yes, trade increases productivity. We can spend our valuable time doing something else productive with our time other than making $15 ballcaps when we import and distribute $5 ballcaps. Getting the same commodities (wealth) for a cheaper cost is more productive. The "efficiency costs jobs" argument was wrong with the Luddites, and it's also wrong with the Protectionists.
@ResistanceReportCom What made USA so a superpower WAS free trade, because at that time in 60s, 70s and 80s there was NOT competition them come Japan and Germany, later come the European Union and the Tigers economies and now BRICs countries, before that USA was the preacher of free trade and even force poor countries to make unfair trade agrements with them, the world is changing you have to accept that.
@ResistanceReportCom I want to know why they can't understand this either? Ross Perot warned us all back in 1993. Remember when he said if we pass NAFTA you will here a giant sucking sound of American Jobs going overseas. Any businessman that leases labor from laborers could understand this, but free traders are brainwashed by obscure corporate created myths that have never been proven. 300 years of Protectionism made us the richest nation in the world before free trade.
@extendedplaytv "but free traders are brainwashed by obscure corporate created myths that have never been proven." Free trade and the competitive free market has been proven 1000 times over as the most effective way of improving the standards of living. You need to learn from an actual economist, Oh like my good old friend milton
@tehatemachine In other words, because of the fact we've lived through it and seen the devestation caused by free-trade, we simply haven't been indoctrinated enough to understand that it's good instead of the horror that everyone has lived through. You and your old friend milton need to put down the drugs and look around. If you are that far removed from reality, a shrink might be a good idea as well.
What a bunch of shit~ It's like one of those theories and euphemisms which are "invented" to justify the unjust, like competitive advantage (aka unfair advantage), quantitative ease (aka money printing), sub-prime loans (aka bad loans)...
And what good is free trade if all local jobs are being exported and people have no money in their pockets? Money is the prerequisite for trade. No money, no trade, and who gives a shit whether there is free trade or not without having money to buy anything.
This video fails to point out that the containers that show up at America's ports are full. They are unloaded and leave empty. Ross Perot was not a radical when he said the passing of NAFTA would create a giant sucking sound of American jobs out of America. It doesn't take a rocket science degree to have forecasted the chain of events that have left us deindustrialized & impoverished. It's called Law of Supply and Demand. This video is a lie. Jay Tamez
@extendedplaytv you are in error. Americans export quite substantial quantities of goods, as well as services. You need to consult some of the economics (and data) of international trade. I would start with Paul Krugman's very good essay "What Do Undergraduates Need to Know About International Trade" (American Economic Review, reprinted in his book "Pop Internationalism". You might learn something.
We buy produces and services from subsides companies in communist nations who exploit impoverished workers. Doing this DRAGS WORKERS IN THE UNITED STATES DOWN THE TOILET. Goods aren't being exchanged. It is one way street. They make it, we consume it. It will be the death of this country. TIME TO WAKE UP FROM THE GLOBALIST PIPE DREAM.
You are an embarrassment to everybody in the United States who works for a living. I notice you have no reply to the substance of my comments. All you offer is a lame personal jab. Idiots like you will have us working for $2/day. I have hurt your feelings by telling you the truth. DEAL WITH IT.
Free trade is all well and good if there is balance. A country should aim to export as much as it imports. Otherwise, you have situations where a country needs to borrow from the countries it's trading with in order to buy the goods it imports.
For example...the U.S. and China.
I'm more an advocate of "Fair Trade". All of the G20 nations practice it...except the United States. The results of that are starting to become apparent.
Free trade is a convenient theoretical leverage for the ruthless capitalist to amass large amount of wealth from stupid shit like you. My advocation is Free trade within a country is okay, but free trade with the world is not okay. Do you understand the difference?
If Free Trade was good for our economy, than why is our economy in such terrible shape? We should be doing great considering how much free trade our government practices with the third world.
@ResistanceReportCom - Because we don't have it. We don't have it internationally, and even worse, we don't have it internally. Our economy is in poor shape because we have too much regulation, too much government interference in the voluntary trades between individuals.
All these well-meaning laws have consequences. Many of them don't accomplish what they set out to, and then have serious economic consequences. They wind up hurting the people they are trying to help.
@mpc91 We do have too much regulation, I agree. But that is only part of the problem. Our corrupt government spends more than it takes in, it makes free trade deals with cheap labor countries, and it allows millions of illegal aliens in. But we need a government to prevent anarchy. So, we must have a governemnt that protects the standard of living of the American people. It can do this by removing many regulations, as well as by imposing protective tariffs on countries that exploit cheap labor.
@ResistanceReportCom - Are you even trying to make sense with this? You don't see the consistency in people who don't trust the government wanting that government to have as little involvement as possible in trade policies.
@mpc91 You free traders are fooling yourselves and others. You think that because we have over-regulation now (which we do) that we should allow the American working people be raped by cheap foreign labor. That is stupid. What we need is a revolution to remove this government, and create a new government that will look out for the interests of the American people. IF YOU WANT AMERICA TO BECOME A THIRD WORLD NATION, KEEP SUPPORTING FREE TRADE WITH CHEAP LABOR COUNTRIES.
@wtfjaftw I believe in the free market system, but I'm not foolish enough to fall for the "free trade" scheme. If you want to live in a first world nation, you cannot practice free trade with 3rd world nations, otherwise, it's a race to the bottom for the cheapest labor in the world. And when Americans lose their high paying factory jobs, you and I will end up paying higher taxes to make up the difference.
@wtfjaftw No, you're the idiot. How can you compare fair trade with blocking out the sun? I agree we should get rid of the FED and the income tax, but that alone will not stop our factories from moving to the third world for cheaper labor. We can make FAIR trade agreements that allow the movement of goods, while at the same time keep our manufacturing base and millions of jobs here in the USA. It's not hard to do.
@ResistanceReportCom But the question is, what do you mean with fair trade? The problem is the companies are moving to the countries with poor regulations... they prefer put the money in research and innovation, if they don´t do that they are doom.
@ALFTUBE50 What I mean by fair trade is not allowing cheap labor countries to undercut our standard of living here, and that is done with tariffs. Putting tariffs on cheap/slave labor countries will make it more profitable for businessmen to start a factory here, rather than in China or Mexico. That's the point of protective tariffs. That's how they work to protect businesses and jobs in advanced nations like the USA. And that's also why the USA is going down, because the gov is for free trade.
@ResistanceReportCom No, is cutting the standar living in the forieng country and the goverment of that country is gonna pay sooner or later. You can show to the costumer the sad conditions of the workers, but let the consumer decided. If the american worker dont want to sell his work to the best option, a chinese worker or mexican are gonna to take that place, even if the american don´t want.
@ALFTUBE50 That's fine by me, but let them work for what they want in their own countries. Why should American workers compete with people making a dollar an hour? We can't live on that here, so it's stupid for us and treasonous for our government to force American workers to compete with those kinds of wages. We can trade with each other, but we cannot allow the parasites to make a slaves out of us by taking advantage of poor people around the world.
The model of trade we currently have under the WTO however sucks.
Is't it great that people work like slaves in China?
How about currency manipulation, no where is this mentioned?
"Free Trade"is based on David Ricardo's principle of comparative costs. However a basic primise of this is that capital is immobile - Why seek comparative advantage is US when you get absaloute advantage by moving lock stock and barrell to China?
There is no such thing as "Free Trade" unless we're trading with other nations that have the same level of taxation, regulation, and compensation for their workers as we do. It's why trade with China, Mexico, and other 3rd world sewers kill us on trade and account for the destruction of American jobs. The whores in DC, both (R) and (D), are to blame for killing the American middle class.
@ALFTUBE50 Because both parties, Republicans and Democrats, are the whores of big business that what to outsource American jobs to cheaper parts of the world, but somehow believe it can retain the American consumer. Free Trade is a lie; we must institute Fair Trade.
Support H.R. 1489 the Reinstatement of Glass-Steagall and direct our credit into productive enterprise like building NAWAPA and rebuilding America's Industrial manufacturing base. Free trade is an Imperial looting operation created and directed by the city of London against sovereign nations to destroy their national sovereignty and productive economic base for the benefit of the global financial oligarchy. Protectionism protects national economies by not allowing looting, but actual FAIR TRADE.
@wtfjaftw That's sort of like the commies dismissing the failure of the Soviet Union by saying "we never REALLY tried communism so you can't say it didn't work." Rational nations act in their best interests, not according to scribblings of dead economists. The USA has been a slave to simplistic free trade theories, and in the process we've traded away our GDP to China, Germany, Korea, etc.
This video is a con job. The video doesn't prove that free trade is a good thing at all. It only says what we already know, that trade is a good thing. But, that doesn't mean FREE trade! The purpose of protective tariffs is to protect the industries and jobs in a nation from cheaper sources elsewhere. A five year old child can understand this simple concept, but brainwashed college graduates can't. Says a lot about our educational system in this country.
@ResistanceReportCom That's because they've been telling themselves this to make them feel better. And some are so convinced about it, they are blind to the truth. The fact of the matter, those who benefited from the trade under NAFTA and other countries (China, India, etc.) have caused a race to the bottom. We are contending with essentially slave labor in many of these countries. So to compete, we too must become slave labor. And that is something I'm not about to accept.
@jmitterii2 I won't accept it either, but the stupid free traders can't seem to understand the simple facts. To them it's either free trade or no trade, they are too stupid or too brainwashed to understand that you can have a trade agreement that benefits both sides. Maybe they will understand it when they lose their jobs, or be forced to take a pay cut.
@ResistanceReportCom No, because you are incresing the price of a cheap stuf. And the people can´t save money to use it in other things, maybe medicine or a doctor. The problem is you want to save the companies but not to help the consumer...if the brazilian people are paying with her taxes subsidies and the american can buy it cheaper why not? You can make savings with the barzilian money!!!
@ALFTUBE50 As an American, it's not my responsibility to support trade agreements that provide jobs or a higher standard of living to people in Brazil, that's their responsibility. I do not want my countrymen to live like people in Brazil do, I want my people to have a decent standard of living. I do want to help the American consumer, but the best way to do that is by not forcing them to compete against people making $2 and hour or less. Better pay = happy consumers!
@ResistanceReportCom But in Brazil are using subsidies that sooner or later will imposible to sustain, mean while in USA you are buying cheap, your standar of living is OK because de consumer is saving money. The american companies can buy cheap at any place and sell that to the americans for few, mean while you can afford better educatión or improving you tecnology Cheaper and good make things = happy consumer , better pay with expensive things = inflation, the worst enemy of the working man
@ALFTUBE50 We in the USA are buying cheap so our standard of living is okay? No sir, our standard of living is falling fast because our debt based economy cannot hold it up anymore, and we don't have the higher paid manufacturing jobs to maintain our standard of living, they are in China now. As for inflation, when the US government imposed tariffs prior to 1930, there was no inflation at all, and America became a superpower with the highest standard of living in the world.
@ResistanceReportCom Tariffs do indeed protect specific industries within one's own nation, but it is at the expense of all other industries and all consumers. Consumers have to spend more money for the protected products than they would have with the imported stuff because it was cheaper, thus the tariff. At the same time, that extra money could have gone towards a number of other industries that aren't protected. Also, you have workers working in an unproductive industry thus making us poorer.
@eurohim No, not at the expense of other industries and consumers, tariffs would protect all companies in America, whether American owned or foreign owned. Tariffs would not raise the cost of goods made in America, they would only raise the cost of foreign goods made by cheap labor. With better paid jobs in America, the standard of living goes up, and taxes go down.
@ResistanceReportCom Why divert our production to something others can do more cheaply? If it is unprofitable to make something in the US, then those same workers can be used for something that we can make profitably. Why would a tariff help all industries when not all industries need to be protected? How can the standard of living go up when the cost of goods goes up? The tariff sees to that.
@eurohim Because there will always be people who will work for less, and without tariffs there will be a race to the bottom, eventually leading to slave wages, which is what we have today in many countries. Also, if we can make a product here, we should make it here because we need jobs for our people. It doesn't make sense to allow foreigners to take our jobs because they are willing to work for less. More jobs means higher pay, which means people will be able to afford to buy US made goods.
@ResistanceReportCom They only work for less because their cost of living is lower and it is the best job available. China and India, thanks to these jobs they're getting at "slave" wages are enjoying a dramatic boost in their standard of living. You have to remember, it is expensive to live in the US compared to many other countries. I think wanting jobs for their own sake isn't wise in the long-term. These short-term jobs = long-term imbalances. We just need to find what we can do better.
@eurohim I understand that, but my main concern is for my countrymen, not Chinese or Indians. I'm happy for them and I wish them the best, but I'm not willing to betray the wages and workers of my country so that others can take advantage of my people. If you want to sell it here, make it here, otherwise you pay a big tariff. Tariff will be based on the cost of production. In other words, investors will make less money building factories in India than in the USA, if they want to sell here.
@eurohim "They only work for less because their cost of living is lower and it's the best job available." Not so much. perhaps it has to do with the fact that protest (by the people) is met by tanks. Have you heard of Tianamen square? You might also might want to do a little research on the working conditions and standard of living of Chinese workers.
@ResistanceReportCom That a socialist fallacy, the MAD MAX ponit of view...but in the poors countries that undertstand that free exchange is importnat, competition is important they are making money. But in the countrys that fear competition, fear have fewer salaris, fear deflation, fear a period of "thin cows" always loose.
If the workers star a race to the bottom is deflation, the prices start to low too (not at the same time) the benefits as well, but not to the armagedon perspective.
@ALFTUBE50 No we Americans are losing because our government doesn't care about us, or represent us, they represent the international bankers, and multinational corporations. They don't represent 3rd world labor either, they don't give a damn about you or me. I believe in Free Trade, but only within the boundaries of my country, and possibly between nations of similar standards of living.
@ALFTUBE50 No it is not a socialist fallacy. Did you know Abraham Lincoln (the founder of the Republican party) was a protectionist? Did you know the USA became the world leader in manufacturing under protectionist tariffs? The race to the bottom isn't an "if", it has been going on for about 30 years.
@notaneoliberal "Did you know Abraham Lincoln (the founder of the Republican party) was a protectionist?" Well that is argument of autorithy, is dosen´t matter who is what, if something is wrong is WRONG...
Did you know the USA became the world leader in manufacturing under protectionist tariffs? Well and today...is what? IS a socialist fallacy, the problem is you dont like and dont want to see the reality of USA...the proteccionist prevent to the american buy cheap, only to protect the rich...
@ResistanceReportCom A 5 yr old would also immediately recognize that tariffs and the problems that come with them are products of the government. When companies don't want to compete fairly, they go to the government and change the rules of the game. WhenEVER that happens, the country in the stronger position gets the upper hand.
@Goohuman Of course tariffs are the product of government, so are consumer protection laws, should we scrap them too? We have laws to protect the consumers, the workers, and the environment, but no laws to protect the jobs from slave labor. Where is the logic and humanity in that? Free trade allows greedy businessmen to exploit poor people around the world, then they sell their products here in America, with the profits going to the owners not the workers!
If I create a story it is real if my eyes are open and I see a table then I close my eyes and I can still see the table, it is real! Even though it not physical, an in my sight, does not mean it is not real, but I found the realist, the truth, the answer to all! The more you seek the unseen the more you will see it; click my name if you’re tired of sadness, pain.
@worldsailor128 before the US economy started moving heavily toward a free trade economy, life expectancy was below 40. Infant mortality rates were nearly 1/2. Women couldn't hold jobs and were slaves to their husbands. Literacy rates among men were less than half. Child labor was nearly universal. Big railroad companies oppressed small farmers.
Nearly every single job today exists because of some form of free trade.
@worldsailor128 The U.S. doesn't have a free-trade system. Don't be fooled by the name and what the politicians tell you. America had free-trade when it was first founded because government wasn't big enough to stick their noses into every facet of our lives, that's what made it the biggest economic super-power.
And now, you can't even let your 10yr old kid setup a lemonade stand without breaking some city rules, or some other made up crap.
@zdrux The first United States Congress passed, and President George Washington signed the Tariff Act of July 4 1789. Tariffs were authorized and recommended by Alexander Hamilton, the first US Secretary of the Treasury. Try a little research before you type.
Free Trade is 1 thing, Managed Trade is another. Eliminating barriers is an error.Free Trade works only if Corporations made products here in the US not in China,Mexico or India to escape taxes,environmental laws,healthcare costs, decent wages paid to Americans.They make the product and sell it at almost the same price as before and the product have less quality,chemicals less life.A balance trade is exporting and importing for less but creating the product in AMERICA not elsewhere.
Chinese products, and the world is full of them. Sucking the jobs out the US. Such Trade creates imbalances and artifically low interest rates resulting in deficits.
India (free trade fact) Classified as a "low income" country by the World Bank with a GNI (gross national income) of $450.
Great inequality in the distribution of wealth: the richest tenth of households hold 33% of wealth, while the poorest tenth only hold 3%
86% of the population lives under $2 per day; 44% lives under $1 per day
25% of the population does not have enough money to eat adequately This is were our high tec jobs are going. Thats not fair trade,its free trade. Evil ones.
Ignorant nut. I am from India. There has been no free trade -- just retarded "fair" trade. India is the biggest example of protectionism and over-regulated corporatism. Why don't you go watch Justin Bieber videos on youtube?
You are right in the sense that YES, we have to stop borrowing. Yes, we have to stop lowering interest rates and abolish the federal reserve so we can have sound money that appreciates. China gets their money from every country in the world, because they sell things for so cheap. In effect, Chinese government is sending us foreign aid by subsidizing their businesses and selling us cheaper goods.
You are right in the sense that YES, we have to stop borrowing. Yes, we have to stop lowering interest rates and abolish the federal reserve so we can have sound money that appreciates. China gets their money from every country in the world, because they sell things for so cheap. In effect, Chinese government is sending us foreign aid by subsidizing their businesses and selling us cheaper goods. /watch?v=TCc19xxqr_I
The money that leaves our shores will come back to the US. in demand for American products which directly creates employment here in the US. For those of you who may say "but it never comes back", or "what if it doesn't?" Then that is the best possible outcome. It increases the purchasing power and value of the dollars that remain in the US. It is a win/win situation. Anybody who thinks otherwise is either in a government protected industry, or is economically illiterate.
@AroundSun The counterfeit "money" the bank/govt. uses to buy goods and services in other countries does nothing for the American worker except for having to compete with a slave labor from abroad.. Who do you think you're kiding?
What would increase the purchasing power and value of the dollar would be to have it backed by gold and silver, as the Constitution says it should be. It is the unelected, central planners at the central bank that create money from nothing and then loan it out....
...... that is screwing everything up! Why don't you tell all us "economically illiterate" fellows who the "national debt" is "owed" to, and for what?
@dlucas90 That has nothing TO DO WITH TRADE DEFICITS. Oh my god! You can not SPEAK until you understand the difference between OUR NATIONAL DEBT (The debt the government runs up) and our TRADE DEFICIT (net balance of trade)
@AroundSun Why do you call it a trade DEFICIT when, according to your fu#@ed up logic, it creates jobs for Americans when we spend more on foreign goods than our own?
You didn't answer my question. Who does our govt. "owe" money to and where did they get the money to "loan" to our govt.?
@dlucas90 It is called a trade DEFICIT because you are buying more goods from them then they are from you. It is not money, it's just a number. When you go to the store, you have a massive trade deficit because you buy more from the store then they buy from you. Is that a bad thing? The money our government OWES is the problem. The national debt. The money we BORROW from other countries and spend on entitlement programs. Totally different.
@dlucas90 It is called a trade DEFICIT because you are buying more goods from them then they are from you. It is not money, it's just a number. When you go to the store, you have a massive trade deficit because you buy more from the store then they buy from you. Is that a bad thing? The money our government OWES is the problem. The national debt. The money we BORROW from other countries and spend on entitlement programs. Totally different.
@dlucas90 You are right in the sense that YES, we have to stop borrowing. Yes, we have to stop lowering interest rates and abolish the federal reserve so we can have sound money that appreciates. China gets their money from every country in the world, because they sell things for so cheap. In effect, Chinese government is sending us foreign aid by subsidizing their businesses and selling us cheaper goods. Take a looky. (/watch?v=TCc19xxqr_I)
@dlucas90 You are right in the sense that YES, we have to stop borrowing. Yes, we have to stop lowering interest rates and abolish the federal reserve so we can have sound money that appreciates. China gets their money from every country in the world, because they sell things for so cheap. In effect, Chinese government is sending us foreign aid by subsidizing their businesses and selling us cheaper goods. /watch?v=TCc19xxqr_I
Free trade for the developed world inevitably leads to a service economy. Service jobs tend to be skilled jobs so are highly paid. However what we lose is far greater than our economic gain. A nation loses its logical basis which is the regulation of the exchange of goods between individuals as no goods are being produced in the nation. We lose our sense of citizenship. Our communities become atomistic and we leave ourselves vulnerable to foreign invasion. Manufactuing equals freedom.
Seaworldexists 3 weeks ago
yes but america has nothing to sell so it only buys and loses money
OrangeManIce 1 month ago
@OrangeManIce That's just not true... America has many things to export and they do, its just that they don't have the major exports that NICs do such as china and its toy industry and India and their steel. For example, America is one of the largest peanut producing nations on the planet. All countries export items other nations want and import things they want. All nations have things to give.
hbns179 3 weeks ago
@OrangeManIce America doesn't lose anything when they buy goods from other countries. The product America buys has equal value to the amount of money it is paid with. The only way for America to be able to buy something is to produce stuff.
Guldarn 1 week ago
And unless we the people do something about it, it isn't going to change. These people will destroy our republic when it's all said and done. They have to go. By ballot box, bars or by other means supported in the constitution.
havoc092 1 month ago
One would think that the Millions of jobs lost due to Free trade would be a clue to some people. It actually is; but, it's what they were counting on to happen. So, to them, it's a good thing; but, they have to pretend it's bad that people lost jobs and that somehow the cause of it is the cure. They only look like morons because they expected that the sales pitch was going out to morons. When that didn't work out, they started badmouthing people who know better - everyone, in other words.
havoc092 1 month ago
Wow, wonder how many bridges this guy has sold.
louiethegreater 2 months ago
@louiethegreater I'd be more interested in how many people are suing him for fraud.
havoc092 1 month ago
@havoc092 Wow havoc, I read some of your posts, I couldn't agree more. When protectionist policies ended, and laissez-faire free trade began our economy was destroyed. Eisenhower started the process by allowing W. Europe and Japan to feed off the american economy, in order the keep them out of the Soviets camp after WWll. Laissez-faire free trade will only produce a global plantation, in the hands of a few elitist.
louiethegreater 1 month ago
..but alas, nice to see you're still dodging, as expected. Trade is something we've always had. We always had import duties as well. It wasn't until the import duties were removed and all the anti-dumping, anti-competition laws were removed that the economy crashed. No jobs, no money. No money, no mortgage payments, no wall-street investing, nothing. Might remind you as well that WallStreet was raging with Larceny right before 9/11. Was being robbed blind, just like the 30s.
havoc092 2 months ago
By the logic of the free traitors, if free trade worked, then when King George used it against the colonies to destroy the colonial economy, it should have backfired and grown it. Afterall, George was supplying the colonies with an abundance of CHEAP goods - cheaper than the colonists could produce for themselves or get from any other source including smuggling from Holland. It didn't backfire. It produced the result intended which was economic destruction - not prosperity.
havoc092 2 months ago
In the US a treason charge can only be leveled if the criminal behavior happened in a time of war. Just so happens we've been in a continuous legal state of war since the Bush Sr. Administration. Were that not so, Treason could not be charged. Sedition or espionage would be the worst charge one could have levelled in court. King George's economic strategy to destroy Colonial wealth is the same crap you now call free trade. You're defending treason as if it were smart.
havoc092 2 months ago
And in saying you should be in prison, that isn't a radical application of the law. It's tame. Nor do I think I'm saying it forcefully enough. Betraying a nation is called treason. In any other country, you'd be stood against a wall and shot. Here, we believe in giving you a fair trial and letting the jury decide your fate. Most likely, here, that would be life in prison. Though treason does bring death penalty sentences here as well.
havoc092 2 months ago
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@havoc092 said, [["And in saying you should be in prison, that isn't a radical application of the law. It's tame. Nor do I think I'm saying it forcefully enough. Betraying a nation is called treason."]]
That just goes to show how small minded you are, as I could make the same charge against you. Tariffs COST jobs, reduces our standard of living and reduces the wealth of our nation.
LucisFerre1 2 months ago
Protectionism, as you call it, turned the United states into the wealthiest nation on the planet and a world superpower. Your free trade wrecked that in less than a generation. How you can straight faced try and convince people that a poverty creator is superior to a wealth creator begs the question of your sanity and that of anyone stupid enough to think you sound rational, much less intelligent. Again, folks like you should be in prison for what you've done to this nation.
havoc092 2 months ago
People that support free trade only care about exploiting cheap labor so they can rake in big profits or big savings for themselves. "Free" traders are human parasites. They should all be exiled to the poorest city in the world where they can be forced to live by their 'race to the bottom' economic theories.
ResistanceReportCom 2 months ago
@ResistanceReportCom, It really does't matter if business men are altruistic and benevolent in their intent. What matters is that factory work overseas is desirable to these foreign workers or they wouldn't seek those jobs. They are increasing their standard of living by having companies compete with each other for skilled labor.
LucisFerre1 2 months ago
A 690 BILLION dollar trade deficit (thanks to "free" trade) doesn't make the USA richer, but poorer! Anyone who says different is either a fraud or a fool. By a fraud I mean someone that is making large profits off of cheap foreign labor. These "free" traders just want to exploit poor people around the world. They are disgusting human parasites who should be killed.
ResistanceReportCom 2 months ago
@ResistanceReportCom, how would it improve the health and welfare of these poor foreign people by reducing their job opportunities? Without government collusion, it's free trade and competition that offers incentive for a company to offer better pay and better working conditions than their competitor. Restricting trade does the opposite. If you care about their welfare so much, then you should be a proponent of free trade and capitalism.
LucisFerre1 2 months ago
@LucisFerre1 Their job opportunities are their problem, not mine or my countryman's. Free trade has DONE NOTHING to offer people better working conditions. I do care about foreigners welfare, but I care more about my countryman's welfare, that's why I'm against "free" trade, because it's bad for my country. I'm not going to waste anymore of my time arguing with you or anyone else who doesn't understand this subject, and or who doesn't give a damn about the USA.
ResistanceReportCom 2 months ago
@ResistanceReportCom Job opportunities is their welfare. You either care about it or you don't, but you can't do both. Free trade is not bad for our country, Protectionism and tariffs are bad for our country. Again, why have 300 American workers manufacturing $15 ballcaps when you can have 300 American workers importing and distributing ten times that amount? You would have a larger market base and when Johnny buys the $5 hat, he spends $10 at the local store, creating American jobs.
LucisFerre1 2 months ago
@LucisFerre1 If so-called protectionism were bad for us, why'd we become a superpower that way and lose 30 percent of our jobs under free trade instead of the other way round. For all your blustering and wind making, you guys are never too hip to address that stubborn little fact. It makes liars of you all.
havoc092 2 months ago
@havoc092, Sorry, but protectionism does not create jobs by making goods and services MORE expensive for the customer, increasing costs of labor and reducing the customer's freedom to choose.
It's undeniable, you can have 300 employees making $15 hats, or you can have 300 employees importing and distributing $5 hats. If you import $5 hats, the customer has $10 dollars to spend at the local market, bakers and butchers. That CREATES jobs in America.
LucisFerre1 2 months ago
@LucisFerre1 You keep vomitting this nonsense; but, it literally flies in the face of well established fact. Theory and the repetition of meaningless soundbites do not trump reality. When you can get your head around that without it exploding, we might have something to talk about. The fact remains - your pet theory cost 1/3 of america their livelihoods and sent the country into a Greater depression than that of the 30s. That's reality debunking you.
havoc092 2 months ago
@havoc092, Really? Since when is America operating without tariffs, excise taxes, tolls, customs, duty, import tax, levy, points, and surcharge? Our foreign trade had nothing to do with our current credit crunch and subsequent contraction of the money supply/deflation and the slowing down of our economy. If anything, trade restrictions exacerbated the problem.
LucisFerre1 2 months ago
@LucisFerre1 Our foreign trade has everything to do with it. If you hadn't noticed, our economy turned on a dime and took a header straight into the crapper in the 90s after NAFTA passed. Credit isn't the problem. Loss of jobs is the problem - jobs that went overseas en masse. The treaties enabled that circumstance which prior to NAFTA couldn't have happened. And the money supply didn't contract - it expanded. The fed has been pumping out dollars like gangbusters.
havoc092 2 months ago
@havoc092, No, the money supply severely contracted. More than half the money supply IS NOT CURRENCY, it's loans, credits and interests created by commercial banks. When we had a "credit crisis" the money supply severely contracted, causing deflation
Deflation: a reduction in the level of total spending and economic activity resulting in lower levels of output, employment, investment, trade, profits, and prices; a fall in the general price level or a contraction of credit and available money.
LucisFerre1 2 months ago
@LucisFerre1 Restrictions are being lifted to further expand the wealth of the elites at the expense of the rest of the nation. They export the jobs, exploit cheap labor, destroy the income base here and then reimport their goods and services at the same prices, sucking more money out of the economy and overseas. There's tons of money, it's just everywhere but here - because of Trade policy and businesses that offshore and outsource. The economy has been raped.
havoc092 2 months ago
@LucisFerre1 And while the economy was being raped of jobs and consumer dollars. The worth of the dollar has continued to be stolen from the American middle and lower class. That's done by printing dollars and devaluing the bills in circulation. The worth of the money is stolen from those possessing it and then loaned back out at interest to the people who are wrecking the economy in the first place with their business practices. The wealth is being raped, robbed and exported.
havoc092 2 months ago
@havoc092, in case you haven't noticed, the inflation rate is about 3.39%.
LucisFerre1 2 months ago
@LucisFerre1 Again, it would be helpful to your case if reality didn't disprove every bs word you babble out. Free trade sent this country into a depression. What you want to spittingly call "protectionism" as if it's a bad word, made this nation a superpower. Protectionism, as you call it, kept our enemies from undermining our economy. It's actually part of Washingtons constitutionally defined jobs.. called national security. And guys like you should be in jail.
havoc092 2 months ago
@havoc092 said, [["Protectionism, as you call it, kept our enemies from undermining our economy"]]
Nations try to embargo their enemies to restrict their foreign trade in time of war.
Protective tariffs are a means whereby a nation attempts to prevent or dissuade their own people from engaging in foreign trade. Protectionism then is to do to ourselves in peacetime what our enemies try to do to us during times of war.
LucisFerre1 2 months ago
@LucisFerre1 Protective Tariffs are the means by which one balances the equation of two unequal currency systems, unequal cost of living, etc. The intent of the founders finally expressed in the constitution was to use Tariffs to prevent enemy nations from undermining the economy in the same way King George had - using cheap british goods to destroy colonial production. That's what caused the revolution. Has nothing to do with stopping people from engaging in trade..
havoc092 2 months ago
@LucisFerre1 .. The point, rather than stopping trade, is to make trade Fair and keep foreign countries from running us out of our own market place. Again, King George did this by raising taxes on trade between colonies (raising their prices) and lowering taxes on British goods. British imports, then, were so cheap that colonials couldn't compete and began going out of business. This stopped wealth creation in the colonies and started the revolt against the King. History.
havoc092 2 months ago
@havoc092, There is no such thing as a "trade deficit" because we don't trade exports for imports. We trade exports for cash and cash for imports. EACH transaction should be independently profitable TO US. EACH trade is an import & export. One form of wealth is represented with cash, the other is represented with a commodity. IT DOESN'T MATTER which way each form of wealth flows AS LONG AS WE MAKE A PROFIT on each trade. If each trade is profitable, it's impossible to have a wealth "deficit".
LucisFerre1 2 months ago
@LucisFerre1 I didn't say anything about trade deficits. Nice attempt to change the topic. The simple fact is that we were the most wealthy nation on the planet and the sole remaining superpower until free trade. Under free trade, we are in the greatest depression this nation has seen, 1/3 of the nation out of work and no real job creation as jobs continue to go over seas and otherwise close for inability of a minimum wage worker here to compete with 32 cent chinese labor.
havoc092 2 months ago
@havoc092 .. the two conditions are irreconcileable - your claim of the vast wealth you want to associate with free trade vs. the utter economic destruction we have seen and lived with for 20 years as a result of free trade. You aren't talking to an audience unaware of the facts. You simply cannot make a depression into a great economic boom via rhetoric. Nor can you demonize the method that made us the wealthiest nation on earth with any credibility. And it was required by law.
havoc092 2 months ago
@havoc092 What made us into an economic powerhouse was TRADE, innovation and the industrial revolution. What caused the depression and subsequent recessions have been government interventions in the markets, causing booms and busts. The socialist programs instituted by FDR and the Smoot–Hawley Tariff Act kept us in double-digit unemployment for over a decade.
LucisFerre1 2 months ago
@LucisFerre1 Sorry, no. What caused the depression was plane and simple - Jobs lost en-masse. You guys want to blame it on anything but what we all know is the root cause. As to the depression of the 30's, Smoot-Hawley was in effect for 6 months; not enough time to rate what it was or was not doing. The double digit unemployment was caused and kept there by manipulations of the stock market that kept Wallstreet purposedly from recovering while the elites bought everything.
havoc092 2 months ago
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@havoc092 [[ I didn't say anything about trade deficits. Nice attempt to change the topic. The simple fact is that we were the most wealthy nation on the planet and the sole remaining superpower until free trade]]
Why do you think people were clambering for instituting a tax during the revolutionary war and during the civil war? It was because trade was often disrupted during these times, which greatly reduced revenue.
LucisFerre1 2 months ago
@LucisFerre1 ..lets not forget it was the founders that having lived with free trade in their time, required that imports be taxed and that the Federal gvt be funded fully from those import duties. That is how the national govt was paid for during the first century of this nation's existence. And it prevented our enemies from doing to us what King George had tried doing - undermining our economy via cheap imports - duty free. That caused the revolution.
havoc092 2 months ago
@LucisFerre1 duty free imports and a right to cheap goods is what free traitors have been selling. It's the exact economic weapon that King Goerge employed with some success against the colonies as a weapon of warfare to stop the colonies from gathering wealth. So it's no surprise it's had the same effect today. All of us normal people knew what was coming and tried to stop it and the political class shoved it down our throats while refusing to listen to us.
havoc092 2 months ago
@LucisFerre1 That is what you're attempting to defend and there is no defense for it. And you do have severely faulty logic in that if the trade were profitable to America, we wouldn't be in the Greatest depression in American history resultant from it. It is profitable to a few americans who betrayed us; but, it's brought ruin to the nation. And we're all living with it, so there's no denying it.
havoc092 2 months ago
@havoc092, I've refuted this time and again with reasoning and historical facts and you've not even begun to show me how I'm wrong.
You're just impervious to reasoning and information, and you're behaving like a religious fanatic rather than someone who has even a modicum of understanding about economics. Take care.
LucisFerre1 2 months ago
@LucisFerre1 Lucas, you've refuted nothing. You keep making statements that you can't backup. We can all point to a couple hundred years worth of buildup of wealth under protectionism.. and then 20 some years of free trade that wiped that wealth out. We lived through it. That's what you can't talk your way around. We watched it, experienced it and you are trying to rewrite history. You just can't get away with it in our presence.
havoc092 1 month ago
@havoc092 "Lucas, you've refuted nothing. You keep making statements that you can't backup"
"free trade that wiped that wealth out."
BAHAHAHAHAHA!!!!!
tehatemachine 1 month ago
@havoc092 fucking do gooder fagot. You motherfuckers ruined everything.
tehatemachine 1 month ago
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@havoc092 said, [["Again, it would be helpful to your case if reality didn't disprove every bs word you babble out. Free trade sent this country into a depression. "]]
No, the Smoot–Hawley Tariff Act was instrumental in causing the Great Depression.
LucisFerre1 2 months ago
@LucisFerre1 Excuse me, since I'm attempting to use correct terminology, not jail - Prison.
havoc092 2 months ago
@havoc092, The fact that you're suggesting government force and intimidation rather than rational discourse is more than telling. It tells me that your pro-protectionism stance is much like Lou Dobbs...irrational in the face of contrary facts.
LucisFerre1 2 months ago
@LucisFerre1 I suggested no such thing. What I suggested is that the government's role as defined in the constitution is to prevent the economy from being destroyed as it has been. They have, rather, played a major part in destroying it for our enemies. The legal term for that is treason. No intimidation intimated. Applying the law, certainly. And the irrationality is yours. Free trade caused our depression and has stopped any recovery from happening.
havoc092 2 months ago
@havoc092 , the facts speak otherwise.
BTW, you have been unable to refute my assertion.
Why have 300 US employees manufacturing $15 hats when you can have 300 US employees importing and distributing $5 hats? In one scenario, you have 300 employed and a guy with a hat. In the other, you have 300 employed, a guy with a hat + $10 in his pocket. That's MORE WEALTH for our nation. And he's going to spend that 10 bucks at the local meat market which = more domestic jobs.
Trade creates wealth.
LucisFerre1 2 months ago
It's so prosperous that the US trade deficit as of Sep/11 was $ -43.1 billion and this number is data is government data. Which of course is false the number is more than this figure. The same with unemployment. It's so prosperous that we the USA loss already its industrial base and we don't produce almost nothing anymore. We import everything like an island. So prosperous that we lost millions of jobs in manufacturing because companies move to China to produce goods in the name of Free Trade.
mbmart2005 3 months ago
@mbmart2005 said, "It's so prosperous that the US trade deficit as of Sep/11 was $ -43.1 billion and this number is data is government data."
There is no such thing as a trade deficit in free trade. Why? Because we are not trading exports for imports. We're trading exports for cash and cash for imports, and in each case the transactions should be win-win for both parties.It's only "crony capitalism" i.e. politics, (not free trade) that would motivate a nation to engage in unprofitable trade.
LucisFerre1 2 months ago
@mbmart2005 said, "It's so prosperous that we the USA loss already its industrial base and we don't produce almost nothing anymore. We import everything like an island."
You mean like Hong Kong, Singapore and Japan, who have almost no natural resources of their own? This version of thinking that greater productivity will lead to unemployment is related to the Luddite Fallacy.
LucisFerre1 2 months ago
Exporting industries are severely effected when free trade is limited. US companies rely on other countries exports. Even American made cars are made with parts FROM OVERSEAS. Why would you increase the prices? Would you subsidize the exports of incense sticks and put tariffs on Indian and Chinese cheap incense? No, that would be retarded. For those of you who want to increase the standard of living for other countries as well sure don't seem like it with your free trade limitations.
AroundSun 4 months ago
The problem is not one of "free trade" vs protectionism or "big government" vs free enterprize; this is a rarely realized false dichotomy.
The problem is monopolization in both the state and private sectors and the democratic and participatory deficit in both.
Private economies of scale, with their top-down hierarchical structure are just the states of the economic realm.
States are just corporations with police and armies at their disposal.
Both are the problem and both should be replaced.
MsSexySocialist 4 months ago
I have a factory in the US that makes shoes. I pay my workers $15 an hour or more. I can't sell my shoes for the same price as the shoes made in China. The US governement use to put a tariff on Chinese made shoes that made those shoes more expensive than my shoes, so Americans bought my shoes and kept me and many other US shoe mfg in business. Since "Free" Trade" we are going out of business and firing our workers. WHY THE FUCK IS THIS SO HARD FOR "FREE" TRADERS TO UNDERSTAND?!
ResistanceReportCom 4 months ago
@ResistanceReportCom
It doesn't work that way. increasing the price will end up squelching total demand. You might have still let go of workers because low demand for product. Not to mention stores will have to close. The only winners will be shoe repair buisness and second hand stores because many of us will not be able to afford to by new shoes in the number to keep your buisness going.
Actonrf 2 months ago
@Actonrf What low demand for products? The demand is there for Chinese products isn't it? You can't be this stupid. As for higher prices, yes, the price will be a little higher, but people will have the JOBS to pay for it. WHY THE FUCK IS THIS SO HARD FOR FREE TRADERS TO UNDERSTAND? WAKE UP YOU DUMB ASSES! What the do you think made the USA a superpower? MANUFACTURING! NO FREE TRADE! TARIFFS ON PRODUCTS MADE BY CHEAP FOREIGN LABOR! Where are we now with 30 years of "free" trade? Prosperity? NO!
ResistanceReportCom 2 months ago
india got so much manufactoring jobs and their people are poor working in sweatshops
KripDrip 2 months ago
@ResistanceReportCom, why pay 300 American employees to create 10,000 $15.00 ballcaps when we can pay 300 American employees to import and distribute 100,000 $5.00 identical ballcaps? Impoverished Johnny can buy a $5.00 ballcap, but not a $15 one. He has a ballcap AND $10 dollars to spend at the butcher's, baker's and candlestick maker's. That creates more jobs in America. Trade creates wealth, not only for the company trading, but our nation as well.
LucisFerre1 2 months ago
@LucisFerre1 It's not a trade off - we could and should have both types of jobs. We could create 300 American jobs making ball caps and 300 more American jobs distributing those ball caps. As for Impoverished Johnny, if he can't afford to buy a ball cap made in the USA then he has to wait until he saves up enough money to buy one, or get a higher paying job - which will be plentiful if we scrap to treasonous unfair "free" trade agreements.
ResistanceReportCom 2 months ago
@ResistanceReportCom, you're arguing that we should engage in less productive work for a smaller market and the impoverished should "wait" until he or she can spend more money on the same thing. None of this makes any sense. Win-win trade creates wealth for both parties. The poor being able to afford the same thing at a lower price = increased standard of living for our nation and an increase wealth of our nation. We're not "losing jobs" to foreigners. That's a Luddite Fallacy-like illusion.
LucisFerre1 2 months ago
@LucisFerre1 What are you talking about? Less productive work? Manufacturing is not less productive work. A smaller market? The US is by far the biggest market in the world! You say we are not losing jobs to foreigners? Then what do you call in when a factory closes in the US and moves to China or Mexico? It's obvious that you don't know what you're talking about, so I'm not going to waste anymore of my time on you.
ResistanceReportCom 2 months ago
@ResistanceReportCom, Yes, trade increases productivity. We can spend our valuable time doing something else productive with our time other than making $15 ballcaps when we import and distribute $5 ballcaps. Getting the same commodities (wealth) for a cheaper cost is more productive. The "efficiency costs jobs" argument was wrong with the Luddites, and it's also wrong with the Protectionists.
LucisFerre1 2 months ago
@ResistanceReportCom What made USA so a superpower WAS free trade, because at that time in 60s, 70s and 80s there was NOT competition them come Japan and Germany, later come the European Union and the Tigers economies and now BRICs countries, before that USA was the preacher of free trade and even force poor countries to make unfair trade agrements with them, the world is changing you have to accept that.
elchippe 2 months ago
@ResistanceReportCom I want to know why they can't understand this either? Ross Perot warned us all back in 1993. Remember when he said if we pass NAFTA you will here a giant sucking sound of American Jobs going overseas. Any businessman that leases labor from laborers could understand this, but free traders are brainwashed by obscure corporate created myths that have never been proven. 300 years of Protectionism made us the richest nation in the world before free trade.
extendedplaytv 2 months ago
@extendedplaytv "but free traders are brainwashed by obscure corporate created myths that have never been proven." Free trade and the competitive free market has been proven 1000 times over as the most effective way of improving the standards of living. You need to learn from an actual economist, Oh like my good old friend milton
tehatemachine 1 month ago
@tehatemachine In other words, because of the fact we've lived through it and seen the devestation caused by free-trade, we simply haven't been indoctrinated enough to understand that it's good instead of the horror that everyone has lived through. You and your old friend milton need to put down the drugs and look around. If you are that far removed from reality, a shrink might be a good idea as well.
havoc092 1 month ago
If I can remember right, the US is still the breadbasket of the world with the most goods and services produced, BY FAR.
AroundSun 4 months ago
@AroundSun China became no 1 in manufacturing in 2010.
notaneoliberal 4 months ago
This clown is a shill for CATO.
notaneoliberal 4 months ago
What a bunch of shit~ It's like one of those theories and euphemisms which are "invented" to justify the unjust, like competitive advantage (aka unfair advantage), quantitative ease (aka money printing), sub-prime loans (aka bad loans)...
And what good is free trade if all local jobs are being exported and people have no money in their pockets? Money is the prerequisite for trade. No money, no trade, and who gives a shit whether there is free trade or not without having money to buy anything.
stephentsang2000 5 months ago
Comment removed
DestroyingZionism 5 months ago
This video fails to point out that the containers that show up at America's ports are full. They are unloaded and leave empty. Ross Perot was not a radical when he said the passing of NAFTA would create a giant sucking sound of American jobs out of America. It doesn't take a rocket science degree to have forecasted the chain of events that have left us deindustrialized & impoverished. It's called Law of Supply and Demand. This video is a lie. Jay Tamez
extendedplaytv 5 months ago
@extendedplaytv you are in error. Americans export quite substantial quantities of goods, as well as services. You need to consult some of the economics (and data) of international trade. I would start with Paul Krugman's very good essay "What Do Undergraduates Need to Know About International Trade" (American Economic Review, reprinted in his book "Pop Internationalism". You might learn something.
TheTomGPalmer 5 months ago
We buy produces and services from subsides companies in communist nations who exploit impoverished workers. Doing this DRAGS WORKERS IN THE UNITED STATES DOWN THE TOILET. Goods aren't being exchanged. It is one way street. They make it, we consume it. It will be the death of this country. TIME TO WAKE UP FROM THE GLOBALIST PIPE DREAM.
dlhitch2007 5 months ago
@dlhitch2007 Gtfo, you nationalist prick. You are an embarrasment to those who oppose free trade.
hjemkomst 5 months ago
@hjemkomst
You are an embarrassment to everybody in the United States who works for a living. I notice you have no reply to the substance of my comments. All you offer is a lame personal jab. Idiots like you will have us working for $2/day. I have hurt your feelings by telling you the truth. DEAL WITH IT.
dlhitch2007 5 months ago
Free trade is all well and good if there is balance. A country should aim to export as much as it imports. Otherwise, you have situations where a country needs to borrow from the countries it's trading with in order to buy the goods it imports.
For example...the U.S. and China.
I'm more an advocate of "Fair Trade". All of the G20 nations practice it...except the United States. The results of that are starting to become apparent.
qmulus1 6 months ago
@qmulus1
Free trade is a convenient theoretical leverage for the ruthless capitalist to amass large amount of wealth from stupid shit like you. My advocation is Free trade within a country is okay, but free trade with the world is not okay. Do you understand the difference?
stephentsang2000 5 months ago
@stephentsang2000 "stupid shit like you."
Is that necessary? If you have something intelligent to say, do it without being insulting. Otherwise you'll end up looking like a douchebag.
qmulus1 5 months ago
this guys theory is sound, but he fuckin forgets the US doesnt export shit thats why people are pissed. we import more than we export
joeratti 6 months ago
@joeratti Wrong~ The US exports jobs. Most of the jobs in Asia were made in USA.
stephentsang2000 5 months ago
I think you are wasting your time trying to explain anything this complicated to the average American :(
blueray1969 6 months ago
If Free Trade was good for our economy, than why is our economy in such terrible shape? We should be doing great considering how much free trade our government practices with the third world.
ResistanceReportCom 6 months ago
@ResistanceReportCom - Because we don't have it. We don't have it internationally, and even worse, we don't have it internally. Our economy is in poor shape because we have too much regulation, too much government interference in the voluntary trades between individuals.
All these well-meaning laws have consequences. Many of them don't accomplish what they set out to, and then have serious economic consequences. They wind up hurting the people they are trying to help.
mpc91 4 months ago
@mpc91 We do have too much regulation, I agree. But that is only part of the problem. Our corrupt government spends more than it takes in, it makes free trade deals with cheap labor countries, and it allows millions of illegal aliens in. But we need a government to prevent anarchy. So, we must have a governemnt that protects the standard of living of the American people. It can do this by removing many regulations, as well as by imposing protective tariffs on countries that exploit cheap labor.
ResistanceReportCom 4 months ago
@ResistanceReportCom - Yes and no. The government spends too much trying to fix problems it can never solve.
We do need a limited government to protect the rights of the people.
But we don't need government to protect our standard of living. We can do that for ourselves, better and cheaper than bureaucrats and politicians.
As for cheap labor overseas, what is the alternative? Why do you want to punish them. Both sides benefit from trade, or trade wouldn't happen.
mpc91 4 months ago
Funny how the "free traders" don't trust the government, but they trust them when it comes to their free trade polices. Not logical.
ResistanceReportCom 6 months ago
@ResistanceReportCom - Are you even trying to make sense with this? You don't see the consistency in people who don't trust the government wanting that government to have as little involvement as possible in trade policies.
mpc91 4 months ago
@mpc91 You free traders are fooling yourselves and others. You think that because we have over-regulation now (which we do) that we should allow the American working people be raped by cheap foreign labor. That is stupid. What we need is a revolution to remove this government, and create a new government that will look out for the interests of the American people. IF YOU WANT AMERICA TO BECOME A THIRD WORLD NATION, KEEP SUPPORTING FREE TRADE WITH CHEAP LABOR COUNTRIES.
ResistanceReportCom 4 months ago
@wtfjaftw I believe in the free market system, but I'm not foolish enough to fall for the "free trade" scheme. If you want to live in a first world nation, you cannot practice free trade with 3rd world nations, otherwise, it's a race to the bottom for the cheapest labor in the world. And when Americans lose their high paying factory jobs, you and I will end up paying higher taxes to make up the difference.
ResistanceReportCom 6 months ago
@WelcomeToPlanetEarth If it bothers you, vote the only way that matters. Buy American if you think it is for the best.
eurohim 6 months ago
theres a huge difference between free trade and fair trade...
punkenduro 6 months ago
@wtfjaftw No, you're the idiot. How can you compare fair trade with blocking out the sun? I agree we should get rid of the FED and the income tax, but that alone will not stop our factories from moving to the third world for cheaper labor. We can make FAIR trade agreements that allow the movement of goods, while at the same time keep our manufacturing base and millions of jobs here in the USA. It's not hard to do.
ResistanceReportCom 6 months ago
@ResistanceReportCom But the question is, what do you mean with fair trade? The problem is the companies are moving to the countries with poor regulations... they prefer put the money in research and innovation, if they don´t do that they are doom.
ALFTUBE50 6 months ago
@ALFTUBE50 What I mean by fair trade is not allowing cheap labor countries to undercut our standard of living here, and that is done with tariffs. Putting tariffs on cheap/slave labor countries will make it more profitable for businessmen to start a factory here, rather than in China or Mexico. That's the point of protective tariffs. That's how they work to protect businesses and jobs in advanced nations like the USA. And that's also why the USA is going down, because the gov is for free trade.
ResistanceReportCom 6 months ago
@ResistanceReportCom No, is cutting the standar living in the forieng country and the goverment of that country is gonna pay sooner or later. You can show to the costumer the sad conditions of the workers, but let the consumer decided. If the american worker dont want to sell his work to the best option, a chinese worker or mexican are gonna to take that place, even if the american don´t want.
ALFTUBE50 6 months ago
@ALFTUBE50 That's fine by me, but let them work for what they want in their own countries. Why should American workers compete with people making a dollar an hour? We can't live on that here, so it's stupid for us and treasonous for our government to force American workers to compete with those kinds of wages. We can trade with each other, but we cannot allow the parasites to make a slaves out of us by taking advantage of poor people around the world.
ResistanceReportCom 6 months ago
The model of trade we currently have under the WTO however sucks.
Is't it great that people work like slaves in China?
How about currency manipulation, no where is this mentioned?
"Free Trade"is based on David Ricardo's principle of comparative costs. However a basic primise of this is that capital is immobile - Why seek comparative advantage is US when you get absaloute advantage by moving lock stock and barrell to China?
BarringtonDailey 6 months ago
There is no such thing as "Free Trade" unless we're trading with other nations that have the same level of taxation, regulation, and compensation for their workers as we do. It's why trade with China, Mexico, and other 3rd world sewers kill us on trade and account for the destruction of American jobs. The whores in DC, both (R) and (D), are to blame for killing the American middle class.
BloodofPatriots 6 months ago
@BloodofPatriots And the question is why in your country reduce taxation, regulation and compesation? and keep your jobs!!!
ALFTUBE50 6 months ago
@ALFTUBE50 Because both parties, Republicans and Democrats, are the whores of big business that what to outsource American jobs to cheaper parts of the world, but somehow believe it can retain the American consumer. Free Trade is a lie; we must institute Fair Trade.
BloodofPatriots 6 months ago
Support H.R. 1489 the Reinstatement of Glass-Steagall and direct our credit into productive enterprise like building NAWAPA and rebuilding America's Industrial manufacturing base. Free trade is an Imperial looting operation created and directed by the city of London against sovereign nations to destroy their national sovereignty and productive economic base for the benefit of the global financial oligarchy. Protectionism protects national economies by not allowing looting, but actual FAIR TRADE.
TheJoker7682 6 months ago
@wtfjaftw That's sort of like the commies dismissing the failure of the Soviet Union by saying "we never REALLY tried communism so you can't say it didn't work." Rational nations act in their best interests, not according to scribblings of dead economists. The USA has been a slave to simplistic free trade theories, and in the process we've traded away our GDP to China, Germany, Korea, etc.
bobbycarolina75 6 months ago
Bullshit. Free trade destroyed Pittsburgh's steel industry and caused our population to plummet. Fuck free trade.
lawrence142002 6 months ago
This video is a con job. The video doesn't prove that free trade is a good thing at all. It only says what we already know, that trade is a good thing. But, that doesn't mean FREE trade! The purpose of protective tariffs is to protect the industries and jobs in a nation from cheaper sources elsewhere. A five year old child can understand this simple concept, but brainwashed college graduates can't. Says a lot about our educational system in this country.
ResistanceReportCom 6 months ago 2
@ResistanceReportCom That's because they've been telling themselves this to make them feel better. And some are so convinced about it, they are blind to the truth. The fact of the matter, those who benefited from the trade under NAFTA and other countries (China, India, etc.) have caused a race to the bottom. We are contending with essentially slave labor in many of these countries. So to compete, we too must become slave labor. And that is something I'm not about to accept.
jmitterii2 6 months ago
@jmitterii2 I won't accept it either, but the stupid free traders can't seem to understand the simple facts. To them it's either free trade or no trade, they are too stupid or too brainwashed to understand that you can have a trade agreement that benefits both sides. Maybe they will understand it when they lose their jobs, or be forced to take a pay cut.
ResistanceReportCom 6 months ago
@ResistanceReportCom No, because you are incresing the price of a cheap stuf. And the people can´t save money to use it in other things, maybe medicine or a doctor. The problem is you want to save the companies but not to help the consumer...if the brazilian people are paying with her taxes subsidies and the american can buy it cheaper why not? You can make savings with the barzilian money!!!
ALFTUBE50 6 months ago
@ALFTUBE50 As an American, it's not my responsibility to support trade agreements that provide jobs or a higher standard of living to people in Brazil, that's their responsibility. I do not want my countrymen to live like people in Brazil do, I want my people to have a decent standard of living. I do want to help the American consumer, but the best way to do that is by not forcing them to compete against people making $2 and hour or less. Better pay = happy consumers!
ResistanceReportCom 6 months ago
@ResistanceReportCom But in Brazil are using subsidies that sooner or later will imposible to sustain, mean while in USA you are buying cheap, your standar of living is OK because de consumer is saving money. The american companies can buy cheap at any place and sell that to the americans for few, mean while you can afford better educatión or improving you tecnology Cheaper and good make things = happy consumer , better pay with expensive things = inflation, the worst enemy of the working man
ALFTUBE50 6 months ago
@ALFTUBE50 We in the USA are buying cheap so our standard of living is okay? No sir, our standard of living is falling fast because our debt based economy cannot hold it up anymore, and we don't have the higher paid manufacturing jobs to maintain our standard of living, they are in China now. As for inflation, when the US government imposed tariffs prior to 1930, there was no inflation at all, and America became a superpower with the highest standard of living in the world.
ResistanceReportCom 6 months ago
@ResistanceReportCom That is soo true, but you are chasing the wrong enemy, is the higher taxes, higher regulations...
ALFTUBE50 6 months ago
@ResistanceReportCom You are absolutely correct.
notaneoliberal 4 months ago
@ResistanceReportCom Tariffs do indeed protect specific industries within one's own nation, but it is at the expense of all other industries and all consumers. Consumers have to spend more money for the protected products than they would have with the imported stuff because it was cheaper, thus the tariff. At the same time, that extra money could have gone towards a number of other industries that aren't protected. Also, you have workers working in an unproductive industry thus making us poorer.
eurohim 6 months ago
@eurohim No, not at the expense of other industries and consumers, tariffs would protect all companies in America, whether American owned or foreign owned. Tariffs would not raise the cost of goods made in America, they would only raise the cost of foreign goods made by cheap labor. With better paid jobs in America, the standard of living goes up, and taxes go down.
ResistanceReportCom 6 months ago
@ResistanceReportCom Why divert our production to something others can do more cheaply? If it is unprofitable to make something in the US, then those same workers can be used for something that we can make profitably. Why would a tariff help all industries when not all industries need to be protected? How can the standard of living go up when the cost of goods goes up? The tariff sees to that.
eurohim 6 months ago
@eurohim Because there will always be people who will work for less, and without tariffs there will be a race to the bottom, eventually leading to slave wages, which is what we have today in many countries. Also, if we can make a product here, we should make it here because we need jobs for our people. It doesn't make sense to allow foreigners to take our jobs because they are willing to work for less. More jobs means higher pay, which means people will be able to afford to buy US made goods.
ResistanceReportCom 6 months ago
@ResistanceReportCom They only work for less because their cost of living is lower and it is the best job available. China and India, thanks to these jobs they're getting at "slave" wages are enjoying a dramatic boost in their standard of living. You have to remember, it is expensive to live in the US compared to many other countries. I think wanting jobs for their own sake isn't wise in the long-term. These short-term jobs = long-term imbalances. We just need to find what we can do better.
eurohim 6 months ago
@eurohim I understand that, but my main concern is for my countrymen, not Chinese or Indians. I'm happy for them and I wish them the best, but I'm not willing to betray the wages and workers of my country so that others can take advantage of my people. If you want to sell it here, make it here, otherwise you pay a big tariff. Tariff will be based on the cost of production. In other words, investors will make less money building factories in India than in the USA, if they want to sell here.
ResistanceReportCom 6 months ago
@eurohim "They only work for less because their cost of living is lower and it's the best job available." Not so much. perhaps it has to do with the fact that protest (by the people) is met by tanks. Have you heard of Tianamen square? You might also might want to do a little research on the working conditions and standard of living of Chinese workers.
notaneoliberal 4 months ago
@ResistanceReportCom That a socialist fallacy, the MAD MAX ponit of view...but in the poors countries that undertstand that free exchange is importnat, competition is important they are making money. But in the countrys that fear competition, fear have fewer salaris, fear deflation, fear a period of "thin cows" always loose.
If the workers star a race to the bottom is deflation, the prices start to low too (not at the same time) the benefits as well, but not to the armagedon perspective.
ALFTUBE50 6 months ago
@ALFTUBE50 No we Americans are losing because our government doesn't care about us, or represent us, they represent the international bankers, and multinational corporations. They don't represent 3rd world labor either, they don't give a damn about you or me. I believe in Free Trade, but only within the boundaries of my country, and possibly between nations of similar standards of living.
ResistanceReportCom 6 months ago
@ALFTUBE50 No it is not a socialist fallacy. Did you know Abraham Lincoln (the founder of the Republican party) was a protectionist? Did you know the USA became the world leader in manufacturing under protectionist tariffs? The race to the bottom isn't an "if", it has been going on for about 30 years.
notaneoliberal 4 months ago
@notaneoliberal "Did you know Abraham Lincoln (the founder of the Republican party) was a protectionist?" Well that is argument of autorithy, is dosen´t matter who is what, if something is wrong is WRONG...
Did you know the USA became the world leader in manufacturing under protectionist tariffs? Well and today...is what? IS a socialist fallacy, the problem is you dont like and dont want to see the reality of USA...the proteccionist prevent to the american buy cheap, only to protect the rich...
ALFTUBE50 4 months ago
@ResistanceReportCom A 5 yr old would also immediately recognize that tariffs and the problems that come with them are products of the government. When companies don't want to compete fairly, they go to the government and change the rules of the game. WhenEVER that happens, the country in the stronger position gets the upper hand.
That strategy is inherently UNfair.
Goohuman 6 months ago
@Goohuman Of course tariffs are the product of government, so are consumer protection laws, should we scrap them too? We have laws to protect the consumers, the workers, and the environment, but no laws to protect the jobs from slave labor. Where is the logic and humanity in that? Free trade allows greedy businessmen to exploit poor people around the world, then they sell their products here in America, with the profits going to the owners not the workers!
ResistanceReportCom 6 months ago
@ResistanceReportCom If you buy products from bad businesses, you support those bad people that built that business.
Be part of the solution. Buy from companies that have policies you agree with.
Personally, it is hard to know about all the companies, so I choose to buy from local businesses where I actually can talk to the owners.
If we don't fix this, we are stuck with the government's solutions and all the problems they bring.
Goohuman 6 months ago
Free trade is the great prosperity machine for Wall Street, CEOs, and the developing countries. First world workers not so much.
bobbycarolina75 6 months ago 2
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tabaripalmer 8 months ago
A great video how free trade works in THEORY.
lariantero 8 months ago
so where are the "free trade" US living wage jobs?
Opps!
Looks like your just spouting LIES!!!!
worldsailor128 8 months ago 2
@worldsailor128 before the US economy started moving heavily toward a free trade economy, life expectancy was below 40. Infant mortality rates were nearly 1/2. Women couldn't hold jobs and were slaves to their husbands. Literacy rates among men were less than half. Child labor was nearly universal. Big railroad companies oppressed small farmers.
Nearly every single job today exists because of some form of free trade.
MrHamncheez 7 months ago
@worldsailor128 The U.S. doesn't have a free-trade system. Don't be fooled by the name and what the politicians tell you. America had free-trade when it was first founded because government wasn't big enough to stick their noses into every facet of our lives, that's what made it the biggest economic super-power.
And now, you can't even let your 10yr old kid setup a lemonade stand without breaking some city rules, or some other made up crap.
zdrux 6 months ago
@zdrux But it's okay to import lemonade from places like China, who have some questionable quality.
jmitterii2 6 months ago
@zdrux The first United States Congress passed, and President George Washington signed the Tariff Act of July 4 1789. Tariffs were authorized and recommended by Alexander Hamilton, the first US Secretary of the Treasury. Try a little research before you type.
notaneoliberal 4 months ago
Free Trade is 1 thing, Managed Trade is another. Eliminating barriers is an error.Free Trade works only if Corporations made products here in the US not in China,Mexico or India to escape taxes,environmental laws,healthcare costs, decent wages paid to Americans.They make the product and sell it at almost the same price as before and the product have less quality,chemicals less life.A balance trade is exporting and importing for less but creating the product in AMERICA not elsewhere.
mbmart2005 9 months ago
Chinese products, and the world is full of them. Sucking the jobs out the US. Such Trade creates imbalances and artifically low interest rates resulting in deficits.
thefredsays 9 months ago
India (free trade fact) Classified as a "low income" country by the World Bank with a GNI (gross national income) of $450.
Great inequality in the distribution of wealth: the richest tenth of households hold 33% of wealth, while the poorest tenth only hold 3%
86% of the population lives under $2 per day; 44% lives under $1 per day
25% of the population does not have enough money to eat adequately This is were our high tec jobs are going. Thats not fair trade,its free trade. Evil ones.
bestwayusa1 10 months ago
@bestwayusa1
Ignorant nut. I am from India. There has been no free trade -- just retarded "fair" trade. India is the biggest example of protectionism and over-regulated corporatism. Why don't you go watch Justin Bieber videos on youtube?
LogicalFlawDetector 8 months ago 2
@LogicalFlawDetector for some reason i like you a lot.
selymak 7 months ago
@LogicalFlawDetector The concept is valid. Just because your country is corrupt in how it controls the trade business doesn't mean trading is bad.
It sounds like you are aware of the ways government corrupts the process. Why don't you do something about it?
Goohuman 6 months ago
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Try watching "John Stossel & Lou Dobbs - American Free Trade" on youtube
AroundSun 10 months ago
@AroundSun Sorry it took so long to respond, but I haven't been getting your emails. I have to visit this comment section to see your responses.
I like John Stossel & Lou Dobbs, they understand that America should be in the business of taking care of Americans.
dlucas90 10 months ago
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You are right in the sense that YES, we have to stop borrowing. Yes, we have to stop lowering interest rates and abolish the federal reserve so we can have sound money that appreciates. China gets their money from every country in the world, because they sell things for so cheap. In effect, Chinese government is sending us foreign aid by subsidizing their businesses and selling us cheaper goods.
AroundSun 10 months ago
You are right in the sense that YES, we have to stop borrowing. Yes, we have to stop lowering interest rates and abolish the federal reserve so we can have sound money that appreciates. China gets their money from every country in the world, because they sell things for so cheap. In effect, Chinese government is sending us foreign aid by subsidizing their businesses and selling us cheaper goods. /watch?v=TCc19xxqr_I
AroundSun 10 months ago
The money that leaves our shores will come back to the US. in demand for American products which directly creates employment here in the US. For those of you who may say "but it never comes back", or "what if it doesn't?" Then that is the best possible outcome. It increases the purchasing power and value of the dollars that remain in the US. It is a win/win situation. Anybody who thinks otherwise is either in a government protected industry, or is economically illiterate.
AroundSun 10 months ago
@AroundSun The counterfeit "money" the bank/govt. uses to buy goods and services in other countries does nothing for the American worker except for having to compete with a slave labor from abroad.. Who do you think you're kiding?
What would increase the purchasing power and value of the dollar would be to have it backed by gold and silver, as the Constitution says it should be. It is the unelected, central planners at the central bank that create money from nothing and then loan it out....
dlucas90 10 months ago
...... that is screwing everything up! Why don't you tell all us "economically illiterate" fellows who the "national debt" is "owed" to, and for what?
dlucas90 10 months ago
@dlucas90 That has nothing TO DO WITH TRADE DEFICITS. Oh my god! You can not SPEAK until you understand the difference between OUR NATIONAL DEBT (The debt the government runs up) and our TRADE DEFICIT (net balance of trade)
AroundSun 10 months ago
@AroundSun Why do you call it a trade DEFICIT when, according to your fu#@ed up logic, it creates jobs for Americans when we spend more on foreign goods than our own?
You didn't answer my question. Who does our govt. "owe" money to and where did they get the money to "loan" to our govt.?
dlucas90 10 months ago
@dlucas90 It is called a trade DEFICIT because you are buying more goods from them then they are from you. It is not money, it's just a number. When you go to the store, you have a massive trade deficit because you buy more from the store then they buy from you. Is that a bad thing? The money our government OWES is the problem. The national debt. The money we BORROW from other countries and spend on entitlement programs. Totally different.
AroundSun 10 months ago
This has been flagged as spam show
@dlucas90 It is called a trade DEFICIT because you are buying more goods from them then they are from you. It is not money, it's just a number. When you go to the store, you have a massive trade deficit because you buy more from the store then they buy from you. Is that a bad thing? The money our government OWES is the problem. The national debt. The money we BORROW from other countries and spend on entitlement programs. Totally different.
AroundSun 10 months ago
@dlucas90 You are right in the sense that YES, we have to stop borrowing. Yes, we have to stop lowering interest rates and abolish the federal reserve so we can have sound money that appreciates. China gets their money from every country in the world, because they sell things for so cheap. In effect, Chinese government is sending us foreign aid by subsidizing their businesses and selling us cheaper goods. Take a looky. (/watch?v=TCc19xxqr_I)
AroundSun 10 months ago
@dlucas90 You are right in the sense that YES, we have to stop borrowing. Yes, we have to stop lowering interest rates and abolish the federal reserve so we can have sound money that appreciates. China gets their money from every country in the world, because they sell things for so cheap. In effect, Chinese government is sending us foreign aid by subsidizing their businesses and selling us cheaper goods. /watch?v=TCc19xxqr_I
AroundSun 10 months ago