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To: Mase
100% right except when a free economy trades with a non free economy. In that case where the rules are different the free economy will always lose. You can not compete with price fixing, government fiat, slave labor, etc. Thus the ideal that free trade is based on is deeply flawed because the Theory believe that all countries are playing by the same rules when they are not. Free trade will slowly choke the life blood out of the USA. Fair trade on the other hand will benefit not only the Rich but the middle class and the poor also. Fair trade can only occur when the countries have the same worker/environmental laws and the same freedoms of the marketplace. Thus China/USA trade is tilted in favor of China whereas USA/UK trade is pretty even.
55 posted on 12/10/2005 4:46:07 PM PST by unseen
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To: unseen
You can not compete with price fixing, government fiat, slave labor, etc.

In that case where the rules are different the free economy will always lose.

Can you cite some examples of a free economy losing to a protected economy that employs price fixing, government fiat and slave labor?

Thus the ideal that free trade is based on is deeply flawed because the Theory believe that all countries are playing by the same rules when they are not.

So free trade agreements don't specify the conditions for trading? Are you saying that none of the countries signing trade agreements adhere to the rules?

Free trade will slowly choke the life blood out of the USA.

When was the last time this country rejected a free trade agreement? Since that time, what empirical evidence can you offer that free trade has choked the life blood out of the USA? I'd be particularly interested in GDP growth, employment growth and any increases in family wealth since then. You could also look at our growth in exports, absolute manufacturing output and our standard of living.

Fair trade on the other hand will benefit not only the Rich but the middle class and the poor also.

I just love that term. No one ever bothers to explain what fair trade is or--even more to the point--to whom trade should be fair. In the name of fairness, different groups advocate different protections for their specific industries and call the comparative advantage of other countries "unfair."

How do you define fair trade? Fairness assumes a dubious character in policies that pick and choose whom to treat "fairly."

As is clearly demonstrated in the Index of Economic Freedom, once economic barriers begin to emerge, a nation's wealth begins to decline. The only form of fair trade is free trade.

Thus China/USA trade is tilted in favor of China..

I don't suppose you'd have any data to back that up, would you?

61 posted on 12/10/2005 10:02:10 PM PST by Mase
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