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To: neutrino

When government interferes with the free market by using tariffs, you end up with artificially higher prices which harms the average consumer. Capitalism is about managing your resources effectively to deliver a quality product at a competitive price. Tariffs and isolationist economic policies erode the efficiency of the market to the detriment of the individual consumer. That is not capitalism. That is government beauracracy pushing us towards another depression.


245 posted on 03/26/2006 6:11:25 AM PST by willyd
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To: willyd
No - capitalism is generally defined as meaning private ownership of the means of production, which are used for private profit. There is nothing in the common definitions about delivering "a quality product at a competitive price."

Note that a variety of laws and regulations discourage monopolies and so-called anti-competitive practices. These result in greater competition, and, presumably, lower prices. So capitalism is restrained by regulation. As a consumer, you benefit - but as an owner, you lose.

And if tariffs and isolationist policies are bad for the market, they why is China - which does restrict access to its markets - growing so fast? Hmm?

Free trade is a dagger in the back of America!

248 posted on 03/26/2006 6:23:19 AM PST by neutrino (Globalization is the economic treason that dare not speak its name.(173))
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