Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Coleus
Global free trade will force the poor of the rich countries to subsidize the rich in poor countries. What GATT means is that our national wealth, accumulated over centuries, will be transferred from a developed country like Britain to developing countries like Communist China, now building its first oceangoing navy in 500 years.

Mr. Goldsmith (and the author) must have missed Adam Smith's classic work, The Wealth of the Nations. It made some really good arguments against merchantilism.

34 posted on 07/02/2005 6:39:39 PM PDT by Young Scholar
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Young Scholar

merchantilism=mercantilism.


35 posted on 07/02/2005 6:41:01 PM PDT by Young Scholar
[ Post Reply | Private Reply | To 34 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


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