Abominable Economics (Beware of Jerome R. Corsi, “conservative defender” of free enterprise)

National Review ^ | 01/17/2010 | Daniel Griswold

[The Comedian]

I'm sorry, but Corsi is correct.

We don't have actual capitalism and haven't for decades (nearly a century).

What we have now is oligarchic crony pseudo-capitalism, where only the insiders are allowed to play and profit in a set of government and banker-enforced monopolies.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
; I'm lazy.

[Matchett-PI]

Corsi is an opportunist.

[raybbr]

Mr. Griswold wrote this expecting us to forget the fact that they are breaking laws every day they are here: Ironically, illegal immigrants who break U.S. immigration laws to enter the United States appear much more likely than native-born Americans to respect our domestic criminal code once they are inside the country.

Ironically, Mr. Griswold ignores the laws he feels are discriminatory.

[Leo Farnsworth]

“Unfit for Command: Swift Boat Veterans Speak Out Against John Kerry is a 2004 book about then U.S. Presidential candidate John Kerry by John O'Neill and Jerome Corsi...

Corsi is not all bad.

[algernonpj]

"Corsi cites a recent study by the North American Center for Transborder Studies that claims that 40 million jobs were created in the United States, Canada, and Mexico between 1993 (the year NAFTA passed) and 2007. ...

From 1993 to 2007, employment in the United States grew from 120 to 146 million, in Mexico from 31 to 42 million, and in Canada from 13 to 17 million.

Simple subtraction will tell us that the net number of jobs added in the United States after NAFTA was 26 million, in Mexico 11 million, and in Canada 4 million, and simple addition will give us the total of 41 million."

Daniel Griswold is a Cato globalism apologist who is assuming A is the cause of B because A precedes B.

What seems to escape him is that that NAFTA, etc (so called 'free trade agreements') sacrifice American workers, companies, and security for free movement of goods and natural persons. He sidesteps the fact that these treaties were enacted without removing onerous levels of taxation, regulation, and political correctness that burden the American company and worker.

OTH

Per Phyllis Schlafly Free trade: Assault on U.S. sovereignty

Or per Devvy Kidd

Those Who Control Congress, the White House, and the Media

[algernonpj]

We don't have actual capitalism and haven't for decades (nearly a century).

What we have now is oligarchic crony pseudo-capitalism, where only the insiders are allowed to play and profit in a set of government and banker-enforced monopolies.

Well put!

Also could be called corporatism or fascism.

[dennisw]

The man who wrote this attack piece is from Cato the libertarian think tank which always defends “free trade”. Cato is a mouthpiece for huge corprtae interests. The same bankster types who brought you the Wall Street meltdown and bailouts....Are also always for “free trade”

I’ll take Jerome Corsi over Cato stooges any day and agree with most of what he says

[Darth Reardon]

“The examples of sloppy scholarship just keep coming.”

I was already to the point of just skimming the article (because of the sloppy scholarship) when I got to that quote. I get a kick out of people who say stupid things while calling other people stupid.

[Grampa Dave]

“I’ll take Jerome Corsi over Cato stooges any day and agree with most of what he says!”

Happy New Year, Dennis and thanks for your summary which is how I feel.

[Cacique]

bump for later

[stephenjohnbanker]

National Review RIP.

[stephenjohnbanker]

“I’m sorry, but Corsi is correct.

We don’t have actual capitalism and haven’t for decades (nearly a century).

What we have now is oligarchic crony pseudo-capitalism, where only the insiders are allowed to play and profit in a set of government and banker-enforced monopolies. “

I have been involved in international business and finance for 30 years. You nailed it.

[stephenjohnbanker]

“The man who wrote this attack piece is from Cato the libertarian think tank which always defends “free trade”. Cato is a mouthpiece for huge corprtae interests. The same bankster types who brought you the Wall Street meltdown and bailouts....Are also always for “free trade”

I’ll take Jerome Corsi over Cato stooges any day and agree with most of what he says”

BUMP!

[SoCalPol]

Corsi also voted for Chuck Baldwin in ‘08.
An anti war, 9/11 Truther part of the NeoLeft loons.

[my_pointy_head_is_sharp]

Who the heck is Daniel T. Griswold?

— Daniel T. Griswold is director of the Cato Institute’s Center for Trade Policy Studies and author of the new Cato book Mad about Trade: Why Main Street America Should Embrace Globalization.

[Presbyterian Reporter]

Corsi is an opportunist.

---

I agree.

[Lakeshark]

We don't have actual capitalism and haven't for decades

Begging to differ, it's a mix, yes, there is a fair amount of crony capitalism, but there have been lots of areas where capitalism has excelled for all of us, even now.

[dennisw]

Thanks and Happy New year to you too!

[JoeFromSidney]

Regardless of the merits or demerits of free trade, NAFTA has nothing to do with "free trade." You don't need several hundred pages of treaty to have free trade. You just let people in one county deal with people in another country, without government interference. NAFTA is a fraud.