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To: Willie Green
Wille, you post Marx's words in a breathless fashion.

You support a Hitler apologist for the presidency.

You're no conservative.

Now, you post a quote by Smith thinking that it somehow supports your nativist, Depression generating, economic theories, it does not.

Read it again Willie, Adam Smith warns that restoring the principle of free trade in the aftermath of protectionist policies too rapidly can bring about disorder.

In other words, fixing the problem created by protectionist policies will not be easy.
27 posted on 03/19/2004 11:51:36 PM PST by Luis Gonzalez (Unless the world is made safe for Democracy, Democracy won't be safe in the world.)
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To: Luis Gonzalez
Now, you post a quote by Smith thinking that it somehow supports your nativist, Depression generating, economic theories, it does not.

LOL! Luis, if you had ever bothered reading Ricardo's theory of comparative advantage presented in "On the Principles of Political Economy and Taxation", you'd know that he viewed labor as a mere commodity that gets driven down to the subsistance level.

Here, I'll excerpt portions of "Chapter 5 - Of Wages" to make it easy for you:

Labour, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution.

It is when the market price of labour exceeds its natural price, that the condition of the labourer is flourishing and happy, that he has it in his power to command a greater proportion of the necessaries and enjoyments of life, and therefore to rear a healthy and numerous family. When, however, by the encouragement which high wages give to the increase of population, the number of labourers is increased, wages again fall to their natural price, and indeed from a re-action sometimes fall below it.

When the market price of labour is below its natural price, the condition of the labourers is most wretched: then poverty deprives them of those comforts which custom renders absolute necessaries. It is only after their privations have reduced their number, or the demand for labour has increased, that the market price of labour will rise to its natural price, and that the labourer will have the moderate comforts which the natural rate of wages will afford.

So basicly what we have is Calypso Louie Gonzalez promoting reduction of the American standard of living to the global subsistance level via massive importation of cheap goods and illegal immigration, (both of which undermine the wages and compensation of the American Middle Class).

Call me all the nasty names you want, Luis.
Might as well. It's easy enough to see that you never read the economic theory that you posted.

29 posted on 03/20/2004 12:28:01 AM PST by Willie Green (Go Pat Go!!!)
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To: Luis Gonzalez
In other words, fixing the problem created by protectionist policies will not be easy.

You have to pay attention. The problem is not restraining imports per se! The problem is that American corporations export investment resources and knowhow that cost a lot to build but is given free to the commies. Why? So that they can pilfer a few dimes more back at home. Adam Smith wouldn't even think of such a lunacy. Do you remember GATT? It forbade the export of high tech to the Soviet Union. It's the same now. We have a strategic enemy but we are feeding it ourselves.
60 posted on 03/20/2004 9:25:41 AM PST by CrucifiedTruth (The Crucified Truth lives forever.)
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