Topic: Economic Policy
Economic Nationalism My thoughts and opinion on our economyby Joe W.
(libertarian)
Sunday, December 14, 2008
Let me say this loud and clear: FREE TRADE HAS FAILED!!!
We need to be a bit protectionist in our current economic crisis. Scrap NAFTA, CAFTA, and FTAA. Put a tariff on goods from Vietnam, Laos, Indonesia, India and Europe. Embargo Red China, Russia and Saudi Arabia now! If we did, we would have jobs and a functioning economy that does not rely so heavily on trade that is against our best economic interests. We need to invest to make America the agricultural superpower of the world once again, instead of relying on Latin America to feed us. We need to outlaw the socialistic trade unions that are strangling our industrial might and punish those who strike as the traitors they are.
America needs to wake up. The free-traders sold us out, for a condo in Dubai or some other decedent place on Earth. They say free trade is good, until you realize that they are globalizing the economy. That's why we owe China billions of dollars, and why we don't stand up to the Communist's oppression and genocide going on there. We were literally sold out to the highest bidder. We need to stand up and fight; fight for freedom, fight for our rights, and fight to keep our country American.
Pat Buchanan was right on all these fronts when he ran for President 3 times. We need to bring back the Buchanan Fury that scared the establishment. The Peasants need to take the Castle, and kick the Knights and Barons out. We need a pro-American economic policy. We need a regime change in America. We Want Our Country Back!!!!!!!!!!!!!!!
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Posted By: Jahfre Fire Eater
Date: 2008-12-14 08:10:53
Hi Joe,
You have never witnessed free trade. It doesn't exist. As long as the most important component of our economic engine is managed by central planners there can be no free trade. The minimum wage legislation is the cornerstone in our centrally planned economy. So long as there is no competition over labor resources to drive their cost down the entire rest of our economy suffers the ill effects of this price fixing protectionism and precludes the possibility of any kind of free trade.
I agree with you that all the alphabet soup of trade agreements should be scrapped. They are simply more central planning and protectionism that limit competition and foster mis-allocated resource distributions. The result of any of these kinds of protectionist agreements is to funnel wealth away from enterprising individuals and towards the ruling elite.
Your article describes you as a man who would gladly become a well paid slave in return for your liberty. I'd rather be an impoverished free man fighting against the tactics you describe. The ideas you propose have consequences. Protectionism and oppression of free trade are the tactics of the enemies of liberty.
Does this describe you? Then good, Obama is your man. He will lead the way into the slavery you desire and describe. Your work is easy from here on. Just watch it happen. Your wishes are being fulfilled.
Hallelujah! I thought I was the only Libertarian who felt that way.
At first the free trade deals seem good because they bring an abundance of low cost goods. But then we realize we are losing manufacturing here. Free trade is like a poison apple; it looks good and it tastes good, and then you die.
Jahfre, without a doubt the UAW workers had things too good for too long. They needed a whack on the head to straighten them out. But what they got with the free trade deals was not a whack on the head, it was a bullet in the head. When you put them into competition with buck-an-hour labor in China they cannot win. They have no chance. How low would you want to drive their wages? A dollar an hour?
This topic needs much more discussion. I have to leave now but will resume this later.
Free Trade can work if two countries have simliar labor reguations, simlar goverments, similar wages, no currency manipulation, etc. In fact, I think that true free trade between similar countries is beneficial because it is a form of competition for goverments. For example, if a goverment introduces too many regulations, capital will flow to the country with fewer reguations, and the first goverment will be forced to rethink its regulations.
But of course, free trade where one country manipulates its currency, uses slave labor, has wages that are much lower than the other country, has few labor regulations, has a goverment that puts its self-interest ahead of consumers, ect ect, then the result is as we are seeing: a reduced standard of living in the rich country, manufacturing moving to the poorer country until wage rates are equal/ regulations are similar, huge goverment deficits/ trade deficits, a country that is no longer self-sustainable and is unprepared for disaster.
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