How is free trade really free when there are artifical limits imposed by governments and magic men around the world?
An economy is not a machine, it’s a living, breathing thing. Sometimes, it has to fight the cancer from within before it can continue to grow.
Free Trade has take jobs away from U.S
Astute observation.
The variant of your question that zooms in on the matter is this:
How is “free trade” really free when governments can (and do) play games with the value of their currency?
eg, China’s peg of the Yuan to the dollar. After years of absurd import/export imbalances to China, we had jawbones the Chinese to relaxing their peg against the dollar to allow the Yuan to increase in value.
In the last month, as soon as it became apparent to the Chinese that this “decoupling” theory was nonsense, and that their economy depended (critically) upon the US consumer buy, buy, buying their crap... they reversed all the gains that the US dollar had made against the Yuan and announced their intent to devalue it again, which makes their exports to the US artificially cheap and the competition by US manufacturing against ChiCom manufacturing very difficult.
This is not “free trade.” It might be in the fevered minds of people like Alan Greenspan and his idiot cohorts in world finance, but it is not free trade in the sense that the US manufacturing sector has a fair and free playing field against ChiCom manufacturing. The ChiComs are stacking the deck for their entire economy.
In reality, the ONLY thing that made the ChiComs raise the value of the Yuan vs. the dollar was the price of oil in dollars. Now that oil is cheap again, we’ll be barking up a bamboo stalk trying to get the Yuan strong again.
It’s free for the third world and communist countries. They are ‘free’ to loot our domestic economy. They’ve done a terrific job haven’t they?
For years, it was claimed that “free trade” would deflate wages and cause free American citizens to have to compete with slave labor, transfer manufacturing offshore, in short, “free trade” would cause a race to the bottom.
We can clearly see it has done so.
we how have taxation without representation
http://video.google.com/videoplay?docid=1590858026591557284