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

To: algernonpj
For Ricardo's theory of comparative advantage to work, a country's labor, capital, and technology must not move offshore

All the above are very mobile these days. Capital being mobile is always easy. But today We even have illegal immigration which makes labor mobile. 
Technology is easily stolen, spread and diffused. Riccardo is good but these days with our massive international capital flows to the country with the best (hottest) investments, Ricardo is irrelevant these days

All the free trade theories are from a bygone age. The Orientals don't believe this illogical garbage. Go ask Korean, Chinese, Taiwanese, Chinese what they think. They practice mercantilism, not free trade

51 posted on 10/04/2011 7:17:07 AM PDT by dennisw (nzt - works better if you're already smart)
[ Post Reply | Private Reply | To 46 | View Replies ]


To: dennisw
...All the free trade theories are from a bygone age. The Orientals don't believe this illogical garbage. Go ask Korean, Chinese, Taiwanese, Chinese what they think. They practice mercantilism, not free trade

Yup ...
52 posted on 10/04/2011 8:49:10 AM PDT by algernonpj (He who pays the piper . . .)
[ Post Reply | Private Reply | To 51 | 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