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

Skip to comments.

What to Expect When You’re Free Trading
New York Times ^ | January 16, 2008 | STEVEN E. LANDSBURG

Posted on 01/16/2008 4:01:09 AM PST by LowCountryJoe

Rochester

IN the days before Tuesday’s Republican presidential primary in Michigan, Mitt Romney and John McCain battled over what the government owes to workers who lose their jobs because of the foreign competition unleashed by free trade. Their rhetoric differed — Mr. Romney said he would “fight for every single job,” while Mr. McCain said some jobs “are not coming back” — but their proposed policies were remarkably similar: educate and retrain the workers for new jobs.

All economists know that when American jobs are outsourced, Americans as a group are net winners. What we lose through lower wages is more than offset by what we gain through lower prices. In other words, the winners can more than afford to compensate the losers. Does that mean they ought to? Does it create a moral mandate for the taxpayer-subsidized retraining programs proposed by Mr. McCain and Mr. Romney?

Um, no. Even if you’ve just lost your job, there’s something fundamentally churlish about blaming the very phenomenon that’s elevated you above the subsistence level since the day you were born. If the world owes you compensation for enduring the downside of trade, what do you owe the world for enjoying the upside?

[Snip]

One way to think about that is to ask what your moral instincts tell you in analogous situations. Suppose, after years of buying shampoo at your local pharmacy, you discover you can order the same shampoo for less money on the Web. Do you have an obligation to compensate your pharmacist? If you move to a cheaper apartment, should you compensate your landlord? When you eat at McDonald’s, should you compensate the owners of the diner next door? Public policy should not be designed to advance moral instincts that we all reject every day of our lives.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Editorial; Government; Philosophy
KEYWORDS:
Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140 ... 501-511 next last
To: nicmarlo

You’re not making any sense. I somehow compelled you to act like a third-grader?


101 posted on 01/16/2008 8:55:14 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 100 | View Replies]

To: Vigilanteman
He fails to address the costs of Kool-Aid Drinking Free Trade as opposed to economic free trade ...

Until we figure out a way to fully internalize the costs of Kool-Aid Drinking Free Trade on its advocates, I suggest we promote Free Trade between countries with comparable standards of safety, sanitation and respect for human rights instead-- with a little bit of slack cut for third world countries which are aspiring and actively working toward meeting those standards such as Turkey or India.

Kool-Aid Drinking Free Traders are really no different than the industrial revolution era sweat-shop owners who polluted the air and rivers at will and argued it was an entitlement they were owed by society in return for all the jobs they created.

Good post.

102 posted on 01/16/2008 8:55:30 AM PST by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
[ Post Reply | Private Reply | To 45 | View Replies]

To: 1rudeboy
"Free Republic was not intended to be a place where conservatives debate liberal talking points. "

What's this, 'I'm gonna tell Mommy stuff?".

You can do better than that.

103 posted on 01/16/2008 8:56:18 AM PST by investigateworld (Abortion stops a beating heart)
[ Post Reply | Private Reply | To 93 | View Replies]

To: nicmarlo
So you won’t show me where I made globalist posts?
104 posted on 01/16/2008 8:57:34 AM PST by Toddsterpatriot (What came first, the bad math or the FairTaxery?)
[ Post Reply | Private Reply | To 92 | View Replies]

To: nicmarlo
Speak to the content of the articles (I posted about 5 of them), if you would.

I need to disabuse you of the nonsense incorporated in the propaganda of union thugs and other hardened socialists?

Post articles to refute the content, not attack the people, if you would.

We shouldn't question the motives of radical socialists like Julianne Malveaux and Robert Reich on a conservative site? If you're using people like this to build your case, such as it is, maybe you really don't have a case in the first place.

And then we can see who it is that you look to as THE pristine people and organizations upon which to rely for your globalist ideals.

I guess we just don't define the term globalist in the same manner. Since when does individual liberty, smaller government, a free market economy, lower prices for consumers and more choices for consumers equate to globalist ideals?

105 posted on 01/16/2008 8:58:11 AM PST by Mase (Save me from the people who would save me from myself!)
[ Post Reply | Private Reply | To 85 | View Replies]

To: investigateworld

Don’t have to . . . I was paraphrasing Jim Robinson.


106 posted on 01/16/2008 8:59:31 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 103 | View Replies]

To: Mase

No, no, no! You don’t understand! Some economist writes a guest column for the NYT, and he’s a lib! Some economist writes a paper for EPI, and he’s secretly a conservative!


107 posted on 01/16/2008 9:02:16 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 105 | View Replies]

To: LowCountryJoe
And another thing regarding my post #97....

What if a combination of 1 2 and 3 resulted in US based companies having a competitive advantage and being able to win more marketshare here at home?

What if? You tell me.

No, but I get it... screw em...we don't need em. Its all buggy whips these days.

But also in foreign markets we have to gain equal access. We are not doing business on equal terms here.

Jackass McCain thinks the fix is only in having some worker go to junior college... LIKE HELL IT IS.

108 posted on 01/16/2008 9:05:00 AM PST by maui_hawaii
[ Post Reply | Private Reply | To 97 | View Replies]

To: Mase
About 60% of China's exports come from foreign owned firms

So? That money goes to the corporations, and to the Chinese worker. That benefits the US workforce how?

The near-term results for this entire scenario are summed up in rising corporate profits: an EXCELLENT situation, if the profits are partially reinvested in the American workforce and American corporate interests in the US. However, they are not, and the long-term result is more and more companies seeking to sell cheaper and cheaper goods to a country with less and less consumer capital. Oh, and it is the enemies of the country that hold the purse strings. Tell me again how this paints a rosy picture?
109 posted on 01/16/2008 9:06:15 AM PST by snowrip (Liberal? YOU ARE A SOCIALIST WITH NO RATIONAL ARGUMENT.)
[ Post Reply | Private Reply | To 90 | View Replies]

To: Mase
We shouldn't question the motives of radical socialists like Julianne Malveaux and Robert Reich on a conservative site? If you're using people like this to build your case, such as it is, maybe you really don't have a case in the first place.

I'm glad you agree that these socialists' ideologies SHOULD NOT be in dispute on a conservative forum; however, it is their very ideologies which are, nevertheless, at work in the schools as well as the globalist goals in the American economy, a point which Schlafly, a well-known and respected conservative champion, has more than adequately laid out in several of her articles.

110 posted on 01/16/2008 9:09:21 AM PST by nicmarlo (I hereby declare my support for Duncan Hunter. 1/10/08; late to the party, but I have arrived!)
[ Post Reply | Private Reply | To 105 | View Replies]

To: Toddsterpatriot
Millions of farm jobs were lost in the last 100 years,

True

but we grow more food than ever.

True, but the key word here is WE grow our own food. It has not been outsourced as of yet to another country for the most part

Why is higher productivity bad?

Productivity is great. It allowed Henry Ford to make a car for the masses.

111 posted on 01/16/2008 9:09:44 AM PST by am452 (Globalist: Converting the American people to the Democrat party since 1992)
[ Post Reply | Private Reply | To 77 | View Replies]

To: 1rudeboy
I somehow compelled you to act like a third-grader?

Now that's funny....because it is YOU who act this way.

112 posted on 01/16/2008 9:10:20 AM PST by nicmarlo (I hereby declare my support for Duncan Hunter. 1/10/08; late to the party, but I have arrived!)
[ Post Reply | Private Reply | To 101 | View Replies]

To: snowrip

If that is your primary concern, then it would be more effective to reform our corporate tax code, instead of slapping what essentially amount to new taxes on consumers and producers that use imported products.


113 posted on 01/16/2008 9:11:04 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 109 | View Replies]

To: Amos the Prophet
What about $15 toasters and $40 vacuums? The real cost of nearly everything has dropped by more than half in the last 10 years. Where’s the beef?

so what? Henry Ford dropped the price of the model T by 75% in a few years.

114 posted on 01/16/2008 9:11:54 AM PST by am452 (Globalist: Converting the American people to the Democrat party since 1992)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Mase
Speak to the content of the articles (I posted about 5 of them), if you would. I need to disabuse you of the nonsense incorporated in the propaganda of union thugs and other hardened socialists?

Of the approximately 6 to 7 articles I posted, you are claiming they are "propaganda of union thugs and other hardneed socialists?" You mean to accuse and include ALL my posts with your commentary: Phyllis Schafly's articles which I posted (approx. 3) and Lou Dobbs (which I posted approx. 2), as well as 1 post citing information from other sources which back up Schlafly's and Dobbs claims?

115 posted on 01/16/2008 9:13:37 AM PST by nicmarlo (I hereby declare my support for Duncan Hunter. 1/10/08; late to the party, but I have arrived!)
[ Post Reply | Private Reply | To 105 | View Replies]

To: nicmarlo
[1rudeboy clicks Pings]
[1rudeboy reviews his comments to nicmarlo on this thread]
[1rudeboy remembers that nicmarlo has a memory disability]
116 posted on 01/16/2008 9:14:21 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 112 | View Replies]

To: 1rudeboy

I think you must be repeating 2nd grade, lol.


117 posted on 01/16/2008 9:15:36 AM PST by nicmarlo (I hereby declare my support for Duncan Hunter. 1/10/08; late to the party, but I have arrived!)
[ Post Reply | Private Reply | To 116 | View Replies]

To: nicmarlo

I think you just got busted, and feel like an idiot.


118 posted on 01/16/2008 9:16:28 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 117 | View Replies]

To: am452
Productivity is great.

Excellent! The protectionists on this thread disagree.

119 posted on 01/16/2008 9:17:19 AM PST by Toddsterpatriot (What came first, the bad math or the FairTaxery?)
[ Post Reply | Private Reply | To 111 | View Replies]

To: 1rudeboy

Ping me when you’ve graduated elementary school, fofl.


120 posted on 01/16/2008 9:17:39 AM PST by nicmarlo (I hereby declare my support for Duncan Hunter. 1/10/08; late to the party, but I have arrived!)
[ Post Reply | Private Reply | To 118 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140 ... 501-511 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

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