Free Trade vs. Fair Trade

Senator compares the trade deficit to a "leaking roof."

Category:

Entertainment

Tags:

• free
• fair
• trade
• deficit
• leaking
• roof
• anti-langdana

[mana2432]

fair trade = protectionism

protectionism was one of the main factors that prolonged the Great Depression...nuff said

[mujaku]

How many times to you have to tell people, "It ain't free-trade -- it is arbitrage!" American companies go all over the world to wage arbitrage, throwing millions of American out of once good paying jobs. They up their profits that way at the expense of U.S. GDP and the nation's future. We should put high tariffs on all imported goods produced overseas by American companies.

[havoc092]

And of course you'd be for hiring illegals. Illegals keep the cost of labor low. And that's been one of the constant themes of policy of late. Not that anyone couldn't afford labor when we were a superpower, they just wanted more and more profit for themselves - thus the massive seperation of payscales on the top end from the norm - going to 300 times that of front line employees while employee compensation went down. You're a corporatist aren't you.

[havoc092]

As to property rights, if you want a one world regime, socialism doesn't grant property rights and it has everything to do with this. The model being followed right now isn't economic, it's political; but, the political is established by controlling the economics. Same thing was done to Europe in the leadup to the EU. It took a long time over there, but they're fast tracking us irrespective of public sentiment.

[havoc092]

As said prior, The government was designed to be run off of duties on imports. Duties on imports were designed to balance the playing field between the worth of our currency and that of others, the cost of living in both places, etc so that goods would be priced comparabley according to scale, which doesn't mean imported goods will cost more by default than local goods. Jobs have been lost because the playing field is no longer balanced. Simple economics.

[havoc092]

I have a pretty closed mind when it comes to facts. That is to say that once I have the facts, nonsense doesn't sway me from them. The US was a superpower prior to Nafta and WTO. Period. Now we're at 30+ percent unemployment. You say "protectionism" like it's a bad thing. What you're really saying is that national defense is a bad thing and you're trying to conflate protectionism with favoritism. Just the facts.

[ProIndividual]

@havoc092 You seem smart enough to educate yourself on what is ACTUALLY causing jobs to be diminished (a lack of free market economics and too much state intervention, not the opposite)...thwe only question is, do you have an open enough mind to face the facts?

[ProIndividual]

@havoc092 And again, where exactly do property rights start to matter in this? Oh, they don't under protectionism. You need guns and govt thugs to stop me from hiring or trading with anyone I like, regardless of some imaginary arbitrary dotten line govts draw on maps. INALIENABLE RIGHTS are "without border, not subject to statute, unregulatable"...hence it doesn't matter what nation your mother gave birth in, or what nation you reside, your rights are intact. You can only aggress against them.

[ProIndividual]

@havoc092 Your problem is your arguing "common sense" (common misconception. It's quite intutive.

Economics, unfortunately for your current argument, are counter intutive and deductively logical.

It's nothing autodidactism won't fix...if you have an open enough mind to try.

[ProIndividual]

@havoc092 And I'd like to see charts proving the economy in TOTAL grows employment protectionism LONGTERM (not just in protected industries at the expense of the other sectors by misallocation of capital and resources like labor in the short term) (you'll find no such data). I can provide charts to show less protectionism INCREASED job growth (and the growth of the size of the overall economy). Also, show me where monopolies aren't created by protectionism, or how monopolies are good for it. LOL