Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $31,710
Woo hoo!! And the first 36% is in!! Thank you all very much!! God bless.

Keyword: leftwingactivists

Brevity: Headers | « Text »
  • Navy braces for next flotillas

    06/15/2010 4:02:40 AM PDT · by Cindy · 33 replies · 915+ views - JERUSALEM POST ^ | 06/15/2010 04:51 | By YAAKOV KATZ
    SNIPPET: "The navy will operate under the assumption that groups of provocateurs are aboard any future ships that try to break the Israel-imposed sea blockade on the Gaza Strip, Deputy Commander of the Navy Rear-Admiral Rani Ben-Yehuda told The Jerusalem Post on Monday."
  • Deficits & Prosperity: The new mercantilists don’t have the whole story.

    05/06/2004 8:17:42 AM PDT · by xsysmgr · 9 replies · 173+ views
    National Review Online ^ | May 06, 2004 | Victor A. Canto
    The persistence of the U.S. trade deficit has led economists and politicians alike to revise some old beggar-thy-neighbor policies. One such update is that fixed-exchange-rate countries are unfair. Fixed exchange rates, it is being argued, are protectionist. But this is an old-school mercantilist view, even though it’s sadly bipartisan — both Senator Kerry and at least Treasury Secretary Snow share this view. The new mercantilists are also concerned with our dependency on foreign financing, and worry that foreign-debt holders could someday blackmail U.S. policy makers. The Wall Street Journal’s Greg Ip recently characterized this sentiment: “There is surely something...
  • Why We Have Nothing to Fear from Foreign Outsourcing

    04/26/2004 10:31:13 AM PDT · by CSM · 74 replies · 286+ views
    Foreign outsourcing, or offshoring, is being blamed for job losses in the information technology (IT) sector. Announcements of jobs being moved to India and other low-wage countries have provoked criticism of "Benedict Arnold" CEOs and calls for governmental restrictions on the practice of outsourcing. But critics who scapegoat outsourcing are ignoring the realities of today's IT labor market. Contrary to the popular perception, foreign outsourcing is not to blame for the deep recession that struck the information technology industry beginning in early 2000. The IT recession began in March of that year when the and telecom bubbles burst, and...
  • Clarifications on the Case for Free Trade

    04/12/2004 6:50:44 PM PDT · by ninenot · 404 replies · 809+ views
    Ludwig von Mises Institute ^ | 4/12/04 | Paul Craig Roberts
    Clarifications on the Case for Free Trade by Paul Craig Roberts [Posted January 10, 2004] Free trade has necessary conditions. Today these conditions are not met. This point has escaped Joe Salerno and George Reisman (both writing on, as it has a vast number of other people. The case for free trade is based on David Ricardo’s principle of comparative advantage. Ricardo addressed the question how trade could take place between country A and country B (England and Portugal in his example) if country B was more efficient in the production of tradable goods (cloth and wine in his example) than...
  • The Sleeping Giant Awakens

    03/13/2004 1:36:00 PM PST · by RWR8189 · 12 replies · 1,195+ views
    The Weekly Standard ^ | March 22, 2004 | Irwin M. Stelzer
    The consequences of China's growth. THAT CHINA'S NATIONAL PEOPLE'S CONGRESS convened last week is not news, though it provided the occasion for prime minister Wen Jiabao's first address to the rubber-stamping body, a 90-minute affair which, quite predictably, was well received. That China released two dissidents, Wang Youcai and Phuntsog Nyidron, may be news, if it portends a greater sensitivity to pressure from international human rights advocates and even a slight loosening of the regime's grip on the political system. That Wen announced China will address the economic imbalances that threaten to turn its phenomenal growth into an equally phenomenal...
  • Common Sense Economics

    03/27/2004 11:09:03 AM PST · by arnoldfwilliams · 6 replies · 540+ views
    Dallas Federal Reserve ^ | March, 2004 | Bob Formaini
    The Dallas Fed has an active economic education program, focusing on high school teachers of economics. Whenever I address a group of teachers, I invariably find myself extolling the virtues of Frédéric Bastiat as the greatest economic educator of all time. I tell them that if Bastiat isn't their patron saint, he should be. To increase familiarity with Bastiat, I asked my colleague, Bob Formaini, to write this short primer. — Bob McTeer President and Chief Executive Officer Federal Reserve Bank of Dallas Frédéric Bastiat: World-Class Economic EducatorCurrent policy debates are, with few exceptions, echoes of past intellectual disagreements....
  • The Outsourcing Bogeyman

    03/27/2004 11:18:08 AM PST · by arnoldfwilliams · 118 replies · 429+ views
    Foreign Affairs ^ | May/June 2004 | Daniel W. Drezner
    At first glance, current macroeconomic indicators seem to support the suspicion that outsourcing is destroying jobs in the United States. The past two years have witnessed moderate growth and astonishing productivity gains, but overall job growth has been anemic. The total number of manufacturing jobs has declined for 43 consecutive months. Surely, many observers insist, this must be because the jobs created by the U.S. recovery are going to other countries. Morgan Stanley analyst Stephen Roach, for example, has pointed out that "this is the first business cycle since the advent of the Internet -- the enabler of a new...
  • The Concise Guide to Economics: Free Trade vs. Protectionism

    03/22/2004 6:24:36 AM PST · by Luis Gonzalez · 61 replies · 1,080+ views ^ | Unknown | Jim Cox
    Free Trade vs. Protectionism Economists of all schools recognize the value of free trade:  greater overall production.  This greater production is due to the freedom of each producer to specialize in that line where he or she has a natural advantage.  The natural advantage of each trading partner results from the differences among people and locations.  A major reason the U.S. economy is as productive as it is, is that there is a large geographic area of free trade (the U. S. Constitution wisely prohibits protectionist tariffs and quotas among the various states).Adam Smith enunciated the principle that it is...
  • The Outsourcing Bogeyman

    03/21/2004 10:26:31 AM PST · by Steve Eisenberg · 79 replies · 218+ views
    Foreign Affairs ^ | May/June 2004 | Daniel W. Drezner
    When a presidential election year coincides with an uncertain economy, campaigning politicians invariably invoke an international economic issue as a dire threat to the well-being of Americans. Speechwriters denounce the chosen scapegoat, the media provides blanket coverage of the alleged threat, and legislators scurry to introduce supposed remedies. The cause of this year's commotion is offshore outsourcing -- the alleged migration of American jobs overseas. The depth of alarm was strikingly illustrated by the firestorm of reaction to recent testimony by N. Gregory Mankiw, the head of President George W. Bush's Council of Economic Advisers. No economist really disputed Mankiw's...
  • Why Protectionism is bad

    03/09/2004 8:07:50 PM PST · by freebacon · 75 replies · 3,774+ views
    See also - why Free Trade is Good and Free Market, Outsourcing, Socialism flaws The fact that trade protection hurts the economy of the country that imposes it is one of the oldest but still most startling insights economics has to offer. The idea dates back to the origin of economic science itself. Adam Smith's The Wealth of Nations, which gave birth to economics, already contained the argument for free trade: by specializing in production instead of producing everything, each nation would profit from free trade. In international economics it is the direct counterpart to the proposition that...
  • Why Free Trade is good.

    03/09/2004 7:45:32 PM PST · by freebacon · 40 replies · 468+ views
    See also for Free Market, Outsourcing, and the shortcomings of Socialism .......................................... For more than two centuries, economists have steadfastly promoted free trade among nations as the best trade policy. Despite this intellectual barrage, many practical men and women of affairs continue to view the case for free trade skeptically, as an abstract argument made by ivory-tower economists with, at most, one foot on terra firma. Such people "know" that our vital industries must be protected from foreign competition. The divergence between economists' beliefs and those of (even well-educated) men and women on the street seems to arise in...
  • US to Promote Active, Comprehensive Trade Agenda in 2004

    03/02/2004 4:29:59 PM PST · by yonif · 25 replies · 326+ views
    All Africa ^ | March 2, 2004 | United States Trade Representative
    US to Promote Active, Comprehensive Trade Agenda in 2004 United States Trade Representative (Washington, DC) PRESS RELEASE March 2, 2004 Posted to the web March 2, 2004 Washington, DC Seeks competition for liberalization, U.S. trade representative says The Bush administration will continue in 2004 to build on its trade accomplishments by promoting an "active and comprehensive" trade liberalization agenda, the U.S. Trade Representative (USTR) says. By pursuing multiple free trade initiatives, the United States is creating a "competition for liberalization" that provides leverage for greater openness in all negotiations, establishes models that can be used more broadly and gives free...
  • The Truth about Trade in History

    02/27/2004 5:51:05 PM PST · by LowCountryJoe · 30 replies · 1,443+ views
    Great Britain As the Dutch were removing medieval restrictions on trade in the 16th century, England was beginning to open its market as well. In the early part of the century, usury laws were no longer enforced, restrictions on the export of unfinished cloth were relaxed, and certain differential duties were abolished. Enforcement of remaining trade restrictions was also generally reduced. The result, according to historian F. J. Fischer, was "one of the great free trade periods in modern English history."14 Unfortunately, the initial era of free trade was short-lived. By the latter half of the 16th century trade restrictions...

    02/27/2004 9:38:00 AM PST · by hedgetrimmer · 22 replies · 184+ views
    Free Trade of the Americas ^ | February 17, 2004 | FTAA – CONSULTATIVE GROUP ON SMALLER ECONOMIES
    Concern surrounding the need to address the issue of disparities and to turn trade into a tool for furthering development is not exclusive to the FTAA. Such concern can in fact be found in other realms, since the widespread economic opening processes have failed to automatically bring about the conditions needed to overcome the problems of backwardness, inequality, and poverty that beset so many countries around the world. At the multilateral level, both the United Nations System of Organizations and the World Trade Organization (WTO) have shown a growing interest in tackling the issue. As far as the United Nations...
  • Is Free Trade Immoral?

    02/26/2004 12:13:44 PM PST · by presidio9 · 102 replies · 349+ views
    The Wall Street Journal ^ | Thursday, February 26, 2004
    <p>Trade is a "moral issue," declares Senator John Edwards. The Democratic Presidential candidate is in high dudgeon that "bad trade agreements," by which he means those signed by Bill Clinton, are stealing jobs away from American workers.</p> <p>It should be no surprise by now that his main competitor, Senator John Kerry, has responded by saying, "Me too." Just as Mr. Kerry parroted the rhetoric of Howard Dean on Iraq, the man who voted for Nafta now claims there is no difference between him and Mr. Edwards on trade. This scion of a Boston Brahmin family that made its fortune from the China trade is now accusing "Benedict Arnold companies and CEOs" of exporting American jobs.</p>
  • The Bright Side of Sending Jobs Overseas

    02/15/2004 4:48:01 AM PST · by sopwith · 33 replies · 428+ views
    NY Times ^ | February 15, 2004 | By EDUARDO PORTER
    FOR most politicians - Democratic or Republican - the issue of outsourcing jobs to faraway countries is a no-brainer: It's bad for the United States economy and it's even worse for their careers, especially in an election year when the work force has just lost more than two million jobs. So it is unsurprising that politicians of both parties ripped into N. Gregory Mankiw, chairman of the president's Council of Economic Advisers, when his annual economic report on Tuesday made precisely the opposite point: that if services like software programming can be done more cheaply in India, it makes sense...
  • The Bogeyman of Lost Jobs

    02/06/2004 8:39:32 PM PST · by luckydevi · 23 replies · 396+ views
    Ludwig von Mises Institute ^ | January 5, 2004 | Jude Blanchette
    An unfortunate consequence of learning Bastiat's "Broken Window Fallacy" is the accompanying frustration of seeing this age old economic fallacy reappear ad nauseam. One of the latest, and indeed most vocal rock throwers, is the United States manufacturing sector. Those with even a cursory knowledge of current affairs should be able to recite the recent plight of the manufacturers: Since January of 2001, 2.7 million "well paying manufacturing jobs" have been lost. Free trade with global competitors is putting American manufacturers at a competitive disadvantage. If manufacturing continues to be exported to "third-world countries," America will place itself in grave...
  • Poor Man’s Hero

    12/30/2003 7:06:06 AM PST · by Valin · 6 replies · 169+ views
    RTeason ^ | December 03 | Nick Gillespie /Johan Norberg
    Controversial writer Johan Norberg champions globalization as the best hope for the developing world. If there is any moral certainty underpinning today’s anti-globalization movement, it’s that desperate actions -- from sometimes violent street demonstrations to public crop burnings to dressing up as giant sea turtles -- are needed to protect the traditions, forests, and human rights of the Third World against the rapacious greed of the First. The anti-globo left has little doubt that anyone who favors international free trade, open markets, and the cultural mongrelization they foster must be a greedy corporate bastard hellbent on plundering the world’s poor...
  • One Reporter's Opinion : ... and NAFTA-wards? {"Free" Trade

    12/12/2003 3:46:38 AM PST · by George Frm Br00klyn Park · 5 replies · 203+ views ^ | Friday, Dec. 12, 2003 | George Putnam One Reporter's Opinion : ... and NAFTA-wards? George Putnam Friday, Dec. 12, 2003 It is this reporter's opinion that we should have listened to Sir James Goldsmith, former member of the British Parliament and internationally recognized economist, when he warned us of the North American Free Trade Agreement, better known as NAFTA, and the New World Order. Sir James, speaking before our own Senate Commerce Committee hearings on Nov. 15, 1994, stated that NAFTA, GATT and the New World Order were "the most destructive proposal presented to the American people." He based his statement on the experience of Europe:...
  • Greenspan: Don't blame China for American manufacturing travails

    12/11/2003 3:02:31 PM PST · by Willie Green · 144 replies · 338+ views
    CJAD ^ | December 11, 2003
    For education and discussion only. Not for commercial use. WASHINGTON (AP) - Federal Reserve chairman Alan Greenspan has challenged the "conventional wisdom" that China's manipulation of its currency provides a huge advantage against U.S. companies that has cost thousands of American jobs. "The story on trade and jobs, in my judgment, is a bit more complex, especially with respect to China, than this strain of conventional wisdom would lead one to believe," Greenspan said in remarks prepared for the World Affairs Council of Greater Dallas. America's besieged manufacturing sector, which has suffered 40 straight months of jobs losses, has been...
  • In Defense of Free Trade

    12/08/2003 7:04:29 AM PST · by Valin · 5 replies · 193+ views
    The American Enterprise(online) ^ | July/August 1998 | Ramesh Ponnuru
    Last week President Bush repealed the tariffs on steel imports that his administration put in place two years ago. Democratic candidate for President Howard Dean called the move, "another example of this administration playing politics with people’s lives." Several of the other Democratic candidates also strongly criticized the repeal and predicted negative economic and social effects. Some conservatives like Rep. Bob Ney (R-OH) also registered their concern. In our July/August 1998 issue, Ramesh Ponnuru deflates Pat Buchanan’s arguments in favor of such protectionist policies. The Holes in Buchananomics It’s not Pat Buchanan’s fault his new book, The Great Betrayal: How...
  • Myth: NAFTA was a failure for the U.S.

    11/25/2003 8:50:24 AM PST · by 1rudeboy · 197 replies · 530+ views
    Office of the U.S. Trade Representative ^ | November 2003 | press release
    •NAFTA has been a huge success for the U.S. and its NAFTA partners. It has helped Americans work smarter, earn more and increase purchasing power. It has contributed to more trade, higher productivity, better jobs, and higher wages. •In ten years of NAFTA, total trade among the three countries has more than doubled, from $306 billion to $621 billion in 2003. That’s $1.7 billion in trade every day. •U.S. exports to Canada and Mexico grew from $142 billion to $263 billion in NAFTA’s first ten years. And Mexican exports to the U.S. grew 242 percent, improving lives and reducing poverty...
  • Kaptur tour details life in Mexico after NAFTA

    11/15/2003 1:12:16 PM PST · by Willie Green · 38 replies · 524+ views
    The Toledo Blade ^ | Saturday, November 15, 2003 | KELLY LECKER
    <p>CIUDAD JUAREZ, Mexico - Just across the U.S. border from El Paso, paved roads give way to winding dirt paths, flooded from the heavy rains Wednesday night.</p> <p>Tiny shacks, some made of cement and others a hodgepodge of tarp, wood, and cardboard make up the entire area of Anapra. People who live in the dark one-room shanties work in maquiladoras, or manufacturing plants, but say they can´t afford the $400 a year to send their children to school.</p>
  • Official: China not cause of job losses (CBO chief and former Bush adviser)

    10/05/2003 7:44:03 AM PDT · by jalisco555 · 19 replies · 305+ views
    Syracuse Post-Standard ^ | 10/5/03 | Rick Moriarty
    If you're looking for the causes of the nation's steady loss of manufacturing jobs, our trade imbalance with China and other countries should not top the list, the director of the Congressional Budget Office said Friday. Former Syracuse University economics professor Douglas Holtz-Eakin, who has directed Congress's budget office since February, said most of the factory job losses the nation has been suffering have been caused by productivity growth, not the exporting of jobs overseas. "We're producing more," he said during a visit to SU. "We're just doing it with fewer people." Manufacturing job losses have been getting a lot...
  • The China Syndrome (or deconstructing the North American job loss myth)

    09/21/2003 6:40:05 AM PDT · by MalcolmS · 57 replies · 934+ views
    Automation Magazine ^ | Sept 2003 | Dick Morely
    Walking the dogs forces me to think. My dogs are not the brightest lights in New Hampshire and, although lovable, are not the best conversationalists. So, I talk to the tape recorder and try to put down subversive thoughts. The latest rant was stimulated by a national business magazine that needed an op-ed opinion about manufacturing jobs leaving North America. I made the assumption that the knee-jerk response of unfair competition was wrong. This position was artificial to start with, and was developed just to debate the issues. I took the position that we here in Canada and the 48...
  • Say no at WTO, Venezuela tells developing nations

    09/05/2003 9:37:45 PM PDT · by Pro-Bush · 10 replies · 382+ views
    Reuters/CNN ^ | 9/5/03 | Reuters Staff
    <p>CARACAS, Venezuela (Reuters) -- Venezuela declared war on Friday against what it called an unfair world trade system and urged developing nations not to subscribe to any new agreements at upcoming global trade talks next week.</p> <p>The world's No. 5 oil exporter made clear it would take an aggressive stance at September 10-14 World Trade Organization negotiations in Cancun, Mexico, which aim to lower barriers to world trade. Venezuela's chief trade negotiator Victor Alvarez said the world's poorest countries had only a tiny share of world exports, which were hogged by rich nations: "It's clear who are the winners and losers of today's world trade system."</p>
  • Study: Americans Most Productive Workers

    08/31/2003 5:02:06 PM PDT · by sarcasm · 18 replies · 315+ views
    AP ^ | August 31, 2003 | ALEXANDER G. HIGGINS
    GENEVA (AP) - U.S. workers are the world's most productive, but they put in more hours than Europeans to score higher, according to a study released Monday by the United Nations labor agency. Workers in France, Belgium and Norway beat the Americans in productivity per hour, the International Labor Organization said in its new issue of Key Indicators of the Labor Market. The output per U.S. worker last year was $60,728, the report said. Belgium, the highest-scoring European Union member, had an output of $54,333 per worker. ``Part of the difference in output per worker was due to the fact...
  • Manufacturing myths

    08/31/2003 9:39:43 AM PDT · by expat_panama · 57 replies · 1,960+ views
    The Washington Times ^ | August 31, 2003 | Alan Reynolds
    <p>Back in 1995, right in the middle of a nine-year economic boom, Louis Uchitelle co-authored an absurdly downbeat series of New York Times articles on "The Downsizing of America." That series was full of opinion polls, as though popular illusions could substitute for facts. More recently, there has been hope that scandals at the New York Times might have given new editors at least a casual interest in factual accuracy. Apparently not. A couple of weeks ago, the unrepentant Mr. Uchitelle wrote yet another weirdly apocalyptic piece claiming, that "manufacturing is slowly disappearing in the United States."</p>
  • The Truly Good Shape of U.S. Manufacturing

    08/23/2003 4:43:06 PM PDT · by E Rocc · 45 replies · 859+ views
    Human Events Online ^ | August 22, 2003 | Bruce Bartlett
    In a recent column, I argued that the manufacturing sector of the U.S. economy is in relatively good shape, despite the sharp decline in manufacturing employment. I clearly touched a nerve with this column. Not only did I receive a great many e-mails, but my fellow columnist and mentor Paul Craig Roberts took me to task as well. I can't respond to everything I heard, but following is a response to the most frequent criticisms. One common complaint is that U.S. companies are simply reselling goods actually manufactured in China. This is just a misunderstanding of how the gross domestic...
  • Governments, not trade, cause economic ills

    08/20/2003 7:05:50 AM PDT · by optimistically_conservative · 7 replies · 214+ views
    The Atlanta Journal-Constitution ^ | 8/17/03 | DONALD RATAJCZAK
    When I was learning economics, almost all economists agreed that trade was a good thing. Without it, economies were constrained to produce only what the capabilities of their workers and the technology they had available would allow. By engaging in exchange, new products become available. But what if everyone produced the same things but had different skills and technology? The rules of comparative advantage said exchange still was mutually beneficial. Releasing the doctor from also making the household meals meant that more people received medicine and more resources were available to make meals. Furthermore, no one would engage in exchange...
  • Free Trade FAQ's

    08/19/2003 3:14:19 PM PDT · by MonroeDNA · 65 replies · 535+ views
    Below are some of the most frequently asked questions about globalization and free trade. CTPS scholars have answered these questions and have provided links to related works that provide more in-depth analysis of the subject matter.Have other questions about globalization and free trade? Submit your questions to our trade scholars here. Select questions will be answered by a Center for Trade Policy Studies scholar and will be posted below. Does free trade lead to a “race to the bottom” in workers’ rights in less developed countries? What are the benefits of free trade for the average person?Does globalization give...
  • Steel Trap: How Subsidies and Protectionism Weaken the U.S. Steel Industry

    08/19/2003 11:02:10 AM PDT · by MonroeDNA · 13 replies · 246+ views
    Cato Center ^ | 3/14/02 | Daniel Ikenson
    Trade Briefing Paper No. 14 March 1, 2002 Steel Trap:How Subsidies and Protectionism Weaken the U.S. Steel Industry by Daniel Ikenson Daniel Ikenson is a policy analyst at Cato's Center for Trade Policy Studies. Executive SummaryOn March 6, President Bush is expected to announce specific Section 201 measures to further protect the domestic steel industry from import competition. By any relevant economic measure, the costs of protection will far exceed the benefits, and any benefits accruing to steel firms from that protection will be fleeting. Section 201 relief for steel producers could invite WTO-legal retaliation against other U.S. export sectors, undermine...
  • A China Trade Primer (The Sky Isn't Falling! The Sky Isn't Falling!)

    08/19/2003 4:02:40 AM PDT · by Texas_Dawg · 343 replies · 601+ views ^ | 8/19/03 | Wall Street Journal
    <p>Trade with China is becoming a hot topic, as U.S. politicians in both parties deplore a $103 billion bilateral trade deficit that is growing by about 25% a year. Before things get carried away, we'd like to put a few facts on the table that show just how much China trade helps the U.S.</p>
  • A Nation of Hamburger Flippers

    08/18/2003 5:21:14 PM PDT · by dr_who_2 · 67 replies · 687+ views
    National Review Online ^ | August 18, 2003 | Bruce Bartlett
    A Nation of Hamburger Flippers? No. Manufacturing output is very healthy. Everybody seems to be worried about manufacturing these days. All the Democratic presidential candidates condemn the practice of “outsourcing” — laying off manufacturing workers and buying their output more cheaply from China. This is not surprising, given that organized labor has made it a high-priority issue. But they are being joined by some on the right-wing fringe as well, such as Pat Buchanan and Paul Craig Roberts, who warn that we are exporting our sovereignty along with our jobs. They all seem to think that more trade protection is...
  • Overblown ogre of 'outsourcing'

    08/18/2003 6:31:33 AM PDT · by .cnI redruM · 120 replies · 1,064+ views
    The Washington Times ^ | 18 Aug 03 | By Bruce Bartlett
    <p>Everybody seems to be worried about manufacturing these days. All the Democratic presidential candidates condemn the practice of "outsourcing" — laying off manufacturing workers and buying their output more cheaply from China. This is not surprising, given that organized labor has made it a high-priority issue. But they are being joined by some on the far right as well, such as Pat Buchanan and Paul Craig Roberts, who warn we are exporting our sovereignty along with our jobs. They all seem to think that more trade protection is the answer.</p>
  • Driving Global Economic Growth U.S. Manufacturing Firms Innovate to Stay Competitive

    08/16/2003 9:18:56 PM PDT · by maui_hawaii · 17 replies · 451+ views
    The manufacturing sector in America is the foundation on which much of the rest of our economy is built. U.S. Census Bureau statistics reflect that fact. Manufacturing generates 16 percent of gross domestic product and directly employs 18 million Americans, 14 percent of all workers. What these statistics do not capture, however, is the extent to which manufacturing drives the rest of the economy. Much is made of the rise of the service sector over the last 20 years. It is an area of undeniable strength and competitive advantage in the U.S. economy. But we should not overlook the fact...
  • Share the benefits of free trade

    08/12/2003 3:48:25 PM PDT · by Willie Green · 21 replies · 694+ views
    The Christian Science Monitor ^ | August 12, 2003 | Greg Mastel and Howard Rosen
    For education and discussion only. Not for commercial use.WASHINGTON – A little more than a year ago, after a long legislative struggle, Congress passed the most sweeping international trade legislation in 15 years. After a nearly decade-long deadlock, Congress gave the president authority to negotiate new trade agreements. And just before this summer's recess, Congress overwhelmingly passed the first fruits of that authority: new free-trade agreements with Chile and Singapore. Unfortunately, implementation of the assistance for workers who lose their jobs because of international trade has not been as swift. If the displaced worker-adjustment provisions are not in place soon,...
  • Manufacturers For FAIR Trade Are Active

    08/11/2003 12:45:09 PM PDT · by ninenot · 14 replies · 246+ views
    Local manufacturers new voice of small firms on trade issues Rich Rovito Jerald Skoff recites a quote from Chinese war strategist Sun Tzu, written 2,000 years ago, when describing the condition of manufacturing in the United States. "Undermine, subvert, deceive and corrupt the enemy and sow discord among his leaders, and you will destroy the enemy without fighting him." Skoff, the chief executive officer of Badger Metal Tech Inc., Menomonee Falls, considers the quote an accurate reflection of the havoc Chinese manufacturers have wrought on U.S. companies. Suffering the most are small businesses like Badger Metal Tech, a 15-employee shop...
  • Concerning the Export of Capital

    08/07/2003 7:23:41 AM PDT · by robowombat · 11 replies · 249+ views
    Mises Institute ^ | Aug 7, 2003 | William Anderson
    Concerning the Export of Capital by William L. Anderson In a recent article dealing with trade and job losses, I questioned the terminology of "exporting jobs," noting that goods are exported, not jobs, since they are not economic goods. While the points I made were technically correct, something else needs to be added to the mix, that being the importation and exportation of capital. Indeed, in the past decade, more and more U.S.-based firms have been investing in new factories overseas, and especially in places like China and other Asian countries. To put it another way, American firms have been...

    08/05/2003 9:34:52 AM PDT · by 1rudeboy · 131 replies · 1,890+ views
    Hoover Digest (1997 No. 4) ^ | 1997 | Milton Friedman and Rose Friedman
    HOOVER INSTITUTIONHOOVER DIGEST 1997 No. 4Milton Friedman and Rose Friedman THE CASE FOR FREE TRADE In international trade, Hoover fellow Charles Wolf Jr. argues in a previous article, deficits don't much matter. Here the Friedmans discuss what does: freedom. A ringing statement of logic and principle.It is often said that bad economic policy reflects disagreement among the experts; that if all economists gave the same advice, economic policy would be good. Economists often do disagree, but that has not been true with respect to international trade. Ever since Adam Smith there has been virtual unanimity among economists, whatever their...
  • China's Economy Is a Paper Tiger

    08/05/2003 6:52:59 AM PDT · by presidio9 · 51 replies · 534+ views
    Wall Street Journal ^ | Tuesday, August 5, 2003 | HUGO RESTALL
    <p>Americans seem to be fixating these days on the idea of China stealing away American jobs. The timing is puzzling because fear of China among its developing-country neighbors, who had much more plausible reasons to worry about the impact of this rising competitor in the same economic niches, has peaked and started to fade. Instead, Asians seem to have realized that not only is the China threat overrated, but the country is an engine of growth that benefits them.</p>
  • The Bear's Lair: The free trade mirage

    08/04/2003 2:49:28 PM PDT · by DannyTN · 46 replies · 532+ views
    United Press International ^ | Monday, 09-Jun-2003 5:16PM PDT
    The United States and Chile signed a free trade agreement Friday; a similar agreement was recently signed with Singapore. I therefore thought it worthwhile to look at the issue of bilateral versus multilateral free trade agreements and, more broadly, to what extent free trade is what it's cracked up to be. WASHINGTON, June 9 (UPI) -- Free trade, as an economic ideal, is rather like the stock market's Efficient Market Hypothesis. It is helpful in indicating a general direction at which to aim, and it may be a useful principle in examining some of the more naked rent-seeking, but it...
  • A Free Trade Majority

    07/30/2003 5:05:47 AM PDT · by Texas_Dawg · 10 replies · 187+ views
    Wall Street Journal ^ | 7/30/03 | WSJ Op-Ed
    <p>We knock Congress around so often that it's a pleasure to note some of its good work for a change. Last week, a surprisingly large bipartisan House majority voted to approve U.S. free trade agreements with Chile and Singapore.</p> <p>The 270-156 (Chile) and 272-155 (Singapore) victories are especially notable following last year's 215-212 passage of trade negotiating authority for President Bush. The margins demonstrate that political support increases for specific trade pacts that have tangible economic and foreign-policy benefits. It also shows, contrary to fears heard abroad, that the U.S. is not moving in a protectionist direction.</p>

    07/15/2003 6:00:31 PM PDT · by sourcery · 11 replies · 172+ views
    MarketWise ^ | 15 July 2003 | Rick Ackerman
    The Fed chairman?s credibility plumbed dangerous new depths yesterday with his curious assertion that the U.S. economy can do just fine without a manufacturing sector.  You heard that right: We are all evidently going to get rich doing each other?s nails and taking in each other?s laundry. I don?t have the exact quote at hand, but it was sufficiently off-the-wall to have prompted a few of you to wonder, in e-mail messages to me, whether Mr. Greenspan has finally gone off the deep end. Speaking before a House panel on finance, he made the remark, and others nearly as baffling,...
  • Tech jobs leave U.S. for India, Russia

    07/15/2003 5:47:14 PM PDT · by sourcery · 34 replies · 383+ views
    CNN | AP ^ | July 14, 2003
    <p>SAN JOSE, California (AP) -- Peter Kerrigan encouraged friends to move to Silicon Valley throughout the 1980s and '90s, wooing them with tales of lucrative jobs in a burgeoning industry.</p> <p>But he lost his network engineering job at a major telecommunications company in August 2001 and remains unemployed. Now 43, the veteran programmer is urging his 18-year-old nephew to stay in suburban Chicago and is discouraging him from pursuing degrees in computer science or engineering.</p>
  • The Myth of "Exporting Jobs"

    06/27/2003 8:03:39 AM PDT · by Mad Dawgg · 383 replies · 2,346+ views
    Ludwig von Mises Institute ^ | June 27, 2003 | William L. Anderson
    The Myth of "Exporting Jobs" by William L. Anderson [Posted June 27, 2003] As U.S. trade deficits continue to pile up, and as the economy continues in its slow-growth patterns, a number of economic commentators have been accusing American corporations of causing the trouble by "exporting jobs." Now, given the bounty of economic myths that economists and media pundits seem to foist upon us, one should not be surprised at anything we read in the academic literature or popular press, but the newest set of fallacies that we are hearing is especially insidious. In his path-breaking Principles of Economics, Carl...
  • I was wrong about trade

    06/24/2003 5:29:45 AM PDT · by kaylar · 15 replies · 237+ views
    The Guardian ^ | 06/24/03 | George Monbiot
    I was wrong about trade Our aim should not be to abolish the World Trade Organisation, but to transform it George Monbiot Tuesday June 24, 2003 The Guardian A few years ago I would have raised at least two cheers. The US government, to judge by the aggressive noises now being made by its trade negotiators, seems determined to wreck one of the most intrusive and destructive of the instruments of global governance: the World Trade Organisation. A few years ago, I would have been wrong. The only thing worse than a world with the wrong international trade rules is...
  • House bill will be introduced to repeal NAFTA agreement

    06/15/2003 12:05:21 PM PDT · by Willie Green · 42 replies · 2,040+ views
    The Asheville Citizen-Times ^ | June 13, 2003 | letter to the editor
    <p>Congressman Taylor's weekly e-mail newsletter (June 9) advised that a bill will be introduced in the House of Representatives later this week to repeal the North American Free Trade Agreement (NAFTA).</p> <p>Many lives have been touched by this 1993 legislation that sent so many WNC textile and manufacturing jobs to Mexico and the Far East. The new bill will be introduced by Rep. Virgil Goode (R-Va.) and cosponsored by Representative Taylor.</p>
  • WTO Gives U.S. Deadline to Repeal Law

    06/13/2003 4:31:03 PM PDT · by certify · 30 replies · 304+ views
    Associated Press ^ | Fri, Jun. 13, 2003 | Associated Press
    <p>GENEVA - A World Trade Organization arbitrator Friday gave the United States until Dec. 27 to repeal a U.S. law giving American companies the fines collected from foreign firms they accused of unfair pricing.</p> <p>The decision follows an earlier ruling - upheld on appeal - that the law breaks international trade rules.</p>
  • Chile may be politically boring, but its economy works

    06/08/2003 1:06:22 PM PDT · by Luis Gonzalez · 61 replies · 554+ views
    The Miami Herald ^ | 6/8/2003 | Andres Oppenheimer
    Here is something you rarely read about: While much of Latin America is lashing out against free trade and U.S.-backed economic reforms these days, Chile is going in the opposite direction, and is doing better than everybody else in reducing poverty.Chile's success story -- or its relative success compared to its neighbors -- was the talk of the day Friday at the Miami ceremony in which Chile became the first South American country to sign a free-trade agreement with the United States. The deal, once approved by the two congresses, will allow Chile to export 85 percent of its goods...