At 04:11 01/02/2009, [email protected] wrote:
>Second, I question John Garside's statement here that it is
>protectionism has held the US auto industry back. "What
>protectionism", one might ask?
My statement was bigger than that: "Protection (ism) is the reason why so many
industries ... are hopelessly outdated and unable to compete."
This is was true in the 1930s when industries went nationalistic. It's
even more true now: Just imagine a national banking system!
Or consider the Japanese rice farmer; the British miner; the Danish
weaving industry.
("What protectionism"? You're not thinking this through: The Big 3
have been in bed with government for over half a century.)
>Can anyone tell me how it is fair for American workers to be
>lectured down to about "free trade" and "competition" that pits them
>against workers who make a fraction of their wages?
That's the globalized world. Swallow it.
Just one hour ago:
"In Davos, all leaders, including Chinese Premier Wen Jiabao, Russian
counterpart Vladimir Putin, Britain's Gordon Brown and German
Chancellor Angela Merkel, stressed their commitment to openness.
"Trade protectionism serves no purpose as it will only worsen and
prolong the crisis," said Wen, whose country is set to overtake
Germany as the world's biggest exporter."
http://www.inquirer.net/specialfeatures/thefinancialcrunch/view.php?db=1&article=20090201-186814
>(I prefer the term "fair trade")
Fair Trade exists:
http://en.wikipedia.org/wiki/Fair_trade
It is an intentional distortion of the market to benefit street children or
other disadvantaged groups.
john g
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