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When economic patriotism died
World Net Daily ^ | 5/02/2013 | Buchanan, Patrick

Posted on 05/03/2013 12:00:05 PM PDT by Sheapdog

When economic patriotism died Pat Buchanan agrees with the pope about ' the dark side of globalism'

“This is called slave labor,” said Pope Francis.

The Holy Father was referring to the $40 a month paid to apparel workers at that eight-story garment factory in Bangladesh that collapsed on top of them, killing more than 400.

“Not paying a just wage … focusing exclusively on the balance books, on financial statements, only looking at personal profit. That goes against God!”

The pope is describing the dark side of globalism.

Why is Bangladesh, after China, the second-largest producer of apparel in the world? Why are there 4,000 garment factories in that impoverished country which, a few decades ago, had almost none?

Because the Asian subcontinent is where Western brands – from Disney to Gap to Benetton – can produce cheapest. They can do so because women and children will work for $1.50 a day crammed into factories that are rickety firetraps, where health and safety regulations are nonexistent.

This is what capitalism, devoid of a conscience, will produce.

(Excerpt) Read more at wnd.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Editorial; News/Current Events
KEYWORDS: economicpatriotism; economy; freetrade; globalism; trade
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Comment #61 Removed by Moderator

To: Sheapdog

And if companies have to pay a ‘competitive wage’, they’ll go to the locales where the workforce is more skill—and Bangladesh will fall further into poverty.

Yes, safety should be observed, but condemning the low wages of low-wage countries leads to exactly what such ‘compassionate’ people at least claim to want to avoid.


62 posted on 05/03/2013 4:09:24 PM PDT by 9YearLurker
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To: SeminoleCounty

Are you at least familiar with the concept of comparative advantage?


63 posted on 05/03/2013 4:11:52 PM PDT by 9YearLurker
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To: SeminoleCounty
As for Pat Buchanan being a critic of Free Trade, I would gladly take him over Free Trade supporters like

Ronald Reagan.

64 posted on 05/03/2013 4:42:14 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: SeminoleCounty
I always ask on these Free Trade threads.... prove to me Free Trade works. I get a lot of theory...but not any facts.

Maybe you could prove that higher taxes work?

65 posted on 05/03/2013 4:44:47 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: SeminoleCounty
Karl Marx was also a proponent of Free Trade

Why?

66 posted on 05/03/2013 4:46:05 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: A'elian' nation

How did the Bush steel tariffs protect the American worker?


67 posted on 05/03/2013 4:54:47 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Literally, because he thought it would collapse society.....


68 posted on 05/03/2013 4:58:11 PM PDT by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
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To: Toddsterpatriot
How did the Bush steel tariffs protect the American worker?

They didn't.



69 posted on 05/03/2013 5:22:41 PM PDT by rdb3
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To: C. Edmund Wright
'He’s never been in business for a single minute and his ignorance shows.'

He is a successful businessman in the form of starting a magazine publication and authoring numerous best selling books, but besides that, he's done alright.

As for his general pov on trade, sure he could be right. One can see the obvious results of wage arbitrage via globalization. The middle class in American has been odd result in history, now that 'real' market forces are at play, it will shrink, but that is the nature of current principles.

70 posted on 05/03/2013 5:37:19 PM PDT by Theoria
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To: Theoria

He’s not a business man, but yes, he has made money on the strength of his political connections - and he has traded on his name recognition - and all of that is fine......but if you think that has a damned thing to do with main street business reality, you don’t know anything about main street business.


71 posted on 05/03/2013 5:43:31 PM PDT by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
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To: C. Edmund Wright

Karl Marx stated that he was in favor of “free trade” because it would lead to a revolution of the proletariat vs. the bourgeois. And protectionists who quote him, agree with him.


72 posted on 05/03/2013 6:09:43 PM PDT by 1rudeboy
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To: C. Edmund Wright

Leading to a very humorous paradox: people who agree with Marx calling you a Marxist.


73 posted on 05/03/2013 6:13:11 PM PDT by 1rudeboy
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To: C. Edmund Wright
I see you are still attacking those who disagree.

At least this time you are defending Friedman.

74 posted on 05/03/2013 6:15:42 PM PDT by quimby
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To: SeminoleCounty
Like I said....prove to me Free Trade works, and provide me facts.


75 posted on 05/03/2013 6:19:17 PM PDT by 1rudeboy
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To: 1rudeboy

He’s a protectionist, he can’t use facts.


76 posted on 05/03/2013 6:26:13 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Frankly, I was expecting the: “derp, you post graphs and stuff.”


77 posted on 05/03/2013 6:27:44 PM PDT by 1rudeboy
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To: Sheapdog

Well OBVIOUSLY the problem with America is there isn’t enough of the right kinds of taxes!


78 posted on 05/03/2013 6:30:46 PM PDT by allmendream (Tea Party did not send GOP to D.C. to negotiate the terms of our surrender to socialism)
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To: 1rudeboy
Karl Marx stated that he was in favor of “free trade” because it would lead to a revolution of the proletariat vs. the bourgeois. And protectionists who quote him, agree with him.

Marx was in favor of free trade because it would cause bad things, in his warped mind, a mind that was never correct about anything economic. I, Milton Friedman, Ronald Reagan, Thomas Sowell, and many others are in favor of it because we know it will cause more good things for more people than the alternative. So I dont give a fk why Marx or other idiot leftist are in favor of it. They are wrong, and their motivations are evil. Irrelevant.

79 posted on 05/03/2013 6:36:44 PM PDT by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
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To: C. Edmund Wright
I, Milton Friedman, Ronald Reagan, Thomas Sowell, and many others are in favor of it because we know ...

Oh for cryin out loud.

80 posted on 05/03/2013 6:39:31 PM PDT by RegulatorCountry
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