Posted on 02/07/2009 2:30:57 AM PST by JohnHuang2
Reports from the recent World Economic Forum in Davos, Switzerland, suggest that most of the world's leaders are convinced that the current crisis is the result of inherent flaws in capitalism, and are eager to impose new international rules to save the world.
Australian Prime Minister Kevin Rudd is calling on President Obama to join him in creating a new economic system. "Simply tweaking the old system won't do," he says. He wants "a system of open markets, unambiguously regulated by an activist state, and one in which the state intervenes to reduce the greater inequalities that competitive markets will inevitably generate."
(Excerpt) Read more at worldnetdaily.com ...
I’ll support equal or rational trade. In fact I’m not ready to completely shut China out. I think trade with China should be severely limited until they stop selling weapons to our enemies, bring their goods up to American standards, and show real progress towards human rights and democracy.
When Reagan imposed import Tariffs on Japanese cycles over (500cc I think) the japanese responded by building factories in this country to get around the tariff and that proved sucessfull for both parties.
There is absolutely no reason we can’t trade honestly with any nation that shows a willingness to do it equally and honestly with us.
Define equal and rational in the context of international trade.
The same way we’ve always done it. Equal goods and services we provide for equal goods and services other nations can provide.
Any attempt to overcomplicate it is an attempt to hide something.
Any attempt to regulate and control trade, as in “equalize” it, creates non-free trade.
I hide nothing, as I am a complete free-trader. Anti free traders use trade deficits as proof that we are “losing” in trade, when it is in reality proof that we are more successful and therefore have more to spend.
I have customers who come into my gunshop who sell me more firearms than they buy. Should I consider “equalizing” this relationship even though I’m coming out ahead already? Have you read anything by Von Mises, Bastiat, Hayek or any other sane economist?
Apparently this is a problem since too many Americans already find these goods up to their standards and this creates dreaded competition for U.S. producers who supply similar goods to the market. So, in the spirit of the USA's best interests (for the good of its people [whether they know it or not]) we must create legislative obstacles that increase the prices of these goods that so many ill-informed Americans -- already finding foreign goods up to their standards -- don't keep repeating their same mistakes with regrard to their own preferance sets. It's for our own good that the government impose the standards that I want all Americans to possess!
< /sarcasm>
But that's already the case. The only differnce is is that the 'goods' many foreigners want from the United States in return for the goods that they export to us are securities that trade in financial markets. Or is that too complicated to understand?
“we already have embraced global socialism. some call it ‘free trade’.”
respectfully, nonsense.
IMHO
Protectionism in the face of globalization is the only thing that will save the world from the unelected economic thieves in Davos who are destroying us.
It isn’t nonsense. “free trade” is a tool to implement global socialism, that’s all. Just look who is calling for it— all the “free traders” meeting in Davos. They’ve had 30 years of “free traders” using American tax dollars to globalize the world and now they’re calling for the end game, global socialism.
That is the reality of it.
How many free traders are in Davos. The vast majority of the idiots there all calling for some form of fair trade — whetever the hell fair trade is supposed to mean. I’m under the impression that all trade is fair as long as government stays the heck out of it. Please list the free traders by name.
Nope, your understanding of human nature is expansive. And your list; it covers all possibilities that I can think of. I think that you’ve nailed it, myself.
Ping
I love the White Sox. That's why I am a Yankees fan.
Who says protectionists are beyond hope? They keep re-discovering the business cycle, and they have Google in the bag.
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