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Free traders leave out one of the most fundamental
assumptions that was used as a basis for the argument that "free trade is good".

The assumption in the early economic models of free trade was that there would be a free flow of capital AND labor in both directions.

That is NOT a realistic model of what's happening today.

4 posted on 03/04/2004 5:19:38 PM PST by EEDUDE (Time flies like an arrow. Fruit flies like a banana.)

To: EEDUDE; Willie Green; Wolfie; ex-snook; Jhoffa_; FITZ; arete; FreedomPoster; Red Jones; Pyro7480; ..

The assumption in the early economic models of free trade was that there would be a free flow of capital AND labor in both directions. That is NOT a realistic model of what's happening today.

Good point. American workers will not get easily the work visas in China, India or even in Western Europe. And the few who could will have to abandon their families and friends. Also the knowledge of local language might be required.

First generation immigrants might have it easier. They can follow their jobs in the country of origin.

CEOs and shareholders do not need to migrate - they can move their assets with the click of mouse.

5 posted on 03/04/2004 6:02:39 PM PST by A. Pole (The genocide of Albanians was stopped in its tracks before it began.)

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