free trade is essential to our recovery.
It isn’t about “Free Trade”. It’s about “Fair Trade”.
China manipulates its currency to undermine our economy and grow their own. If its not fair trade its not free.
Some industries gutted by “free trade”
Furniture
Textiles
Hardware
Electronics
Computers and periphrials
Motorcycles
Auto
Steel
Optics
Customer Service
Printing
Vegetable soritng
Shipping
Etc.
The entire deveoping world is also losing out to China.
Isn’t the call for energy independence a protectionost act? Is Walter Williams opposed to that?
An example of good free trade is if I buy your product from China I give you a dollar in return. That dollar belonging to the USA is soon returned to the American market through a subsequent purchase. And as we continue trading, those products each country makes best will be in demand.
But in real life we have a major problem. The dollars the USA has given in foreign trade is not returning. Instead the funds have been buried through the purchase of land, corporate ownership and the financing of U.S. government debt. And the U.S. debt being the most harmful for it is the most inefficient allocation of funds into the US economy
.
Yes there is a moral argument from one person trading with another. It is, is that person trading slaves, or slave labor? That would clearly be a moral argument against one person trading with another.
Walter Williams’ toolbox is just a few short of a set.
I say we continue to ship our businesses and jobs off shore...While at the same time, import tens of millions of low wage illegal workers into the U.S.
This is worked out just great!
Look how well our economy is doing. Keep up the great work!!
ping