Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Pelham

Free trade, as a intellectual exercise, is - like socialism - a nice notion.

However, pure socialism is not possible, due to human nature, and the people in charge will always seek their own best advantage.

Free trade is another similar notion. It is impossible to trade fairly “freely”, when your trading partner has such a vast gulf between you and them in worker pay, working conditions, and monetary worth.

It is not free trade worthy when say... Mexico can produce and sell something here for $1.00, when it costs us $5.00 to produce it - due to their lower wages and working conditions.


19 posted on 03/30/2016 10:49:33 AM PDT by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: clee1

“Free trade, as a intellectual exercise, is - like socialism - a nice notion.”

From the view point of economic theory socialism fails. Volumes have been written on this. I would simply point out that good centralized decision making would require that the decision makers (Federal bureau of ...) have the time and information to make the almost limitless number of decisions that are actually made daily in the US. It’s not possible.

From the view point of economic theory free trade, like trade in general, makes us more prosperous.


24 posted on 03/30/2016 11:40:49 AM PDT by ChessExpert (The unemployment rate was 4.5% when Democrats took Congress in 2006.)
[ Post Reply | Private Reply | To 19 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson