Posted on 04/28/2013 10:12:07 AM PDT by Kaslin
Free trade is a human right.
Crony capitalism is tyranny
(intervention into an individual’s free affairs).
Re: “The total wealth of the world is around $1 quadrillion.”
Divided by 7 billion people.....
That’s $140,000 in assets per person, excluding billionaires.
Can I cash out my share?
Our markets and businesses are HEAVILY interfered with by government. We barely have a market much less calling it a “Free market”.
Please fill us in as to whether you just made that up or you actually have some source to back it up. Reason I ask is that other sources (Univ Calif. Santa Cruz, Wikipedia, United Nations) seem to hover around a tenth that number.
My understanding is that the reasoning is more precisely that it's not fair for foreign governments to make their people pay high import taxes, and that we should get to pay high import taxes to our federal gov't too.
OK, so I know it's crazy, but it's what I'm getting from the protectionist crowd.
No...
Our Morals are Killing Our Capitalism and Economy.
The same will happen with the money (value?) supply.
Unless someone shuts a valve to 'protect' their high level water source to keep it from flowing out, then it will drain away.
Likewise, if someone shuts the value on a low supply, then none will flow in.
However; if the valve controlling people decide to put pumps in place of valves (tariffs to resist outflow or artificially set low prices to suck inflow) then all bets are off.
A lot of people have this image of world trade where one nation can get lots of money while others lose it, but it don't work that way. In real life we may imagine that we're buying our coffee and chocolate from foreigners with dollars, but what they do is use those dollars to buy stuff from us.
They don't keep dollars because they use their own foreign money. Payments always balance.
“Capitalism”, ie free markets based on private property,
extends naturally from the Law as given by the God of Moses.
Other economic and political systems, ie, Marxism & all forms of collectivism, extend naturally from the “alterative truth” offered up by the serpent in Genesis 3. “You will be as gods, knowing good and evil”.
Trade wars are indeed just that - wars, some have stomach to fight wars, some don't. You and Joan fall into the latter category.
Clearly our trade policies of the last 30 years have been devastating. So keep defending the indefensible.
PS: I don't think much of ex-pat "advice". You left our playing field,so get involved there.
Clearly our trade policies of the last 30 years have been devastating.
Yeah that too --everything's terrible-- but that thing about America being worse off since Reagan took office is what protectionists are against and not what they're for. What they're in favor of is they want tax hikes and they want the higher taxes when ever they see foreigners raising their taxes.
A tariff and a NRST would be better than an income tax.
Taxes do one of two things, it's either revenue or control For revenue we want more and more of the thing being taxed so the gov't gets lots of money. Limit or control taxes don't bring in money because they're meant to kill what ever they're taxing.
The goal of import taxes is expanding state control of the economy by ending cross border trade. The idea of no more foreign trade means no more import tax revenue.
George Washington was a protectionist.
I agree trade with China is a joke. However, my real point was there never has been and never will be “Free Trade.” Every business immediately seeks a monopoly even to the point of enlisting the help of a King, President or petty Parliment. Why do you think the politicians gave business Patents and copywrite, a monopoly if you please. Look at the price of a new drug compared to the price of the same drug as a generic.
Those drug patents have a finite shelf life, and cover the costs of development. Having said that, once dev costs have been documented covered, said drug should go generic.
A cost analysis is not the point of my post. The point being GOVERNMENT gives a monopoly to a private person, firm or entity. This has always been the case. Indeed the settlement of many of the early American colonies was by corporations granted a monopoly by the English king.
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.
