Good Article on Free Trade

Discussion in 'Economy' started by Toro, Jan 19, 2008.

  1. Toro
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    Toro Diamond Member

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    http://www.nytimes.com/2008/01/16/opinion/16landsburg.html?_r=2&ref=opinion&oref=slogin&oref=slogin
     
  2. RetiredGySgt
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    RetiredGySgt Platinum Member

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    National Security is endangered by the whole sale loss of our ability to produce things in our Country.
     
  3. Toro
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    Toro Diamond Member

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    That's a gross exaggeration.

    Last time I checked, the amount of things produced in this country has been rising.

    [​IMG]
     
  4. RetiredGySgt
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    How many shipyards do we have? How many production facilities for heavy and light armor? How many production facilities do we have for ammunition? How much steel do we make IN this country?

    In a long war we are at the mercy of international trade to maintain our military. We had to order small arms ammo because we can not make enough for our own needs.
     
  5. Toro
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    Toro Diamond Member

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    Mercantilism is an utter failure and a disgraced ideology in economics. It leads to lower standards of living because of higher prices everyone has to pay to support a special protected interest, and leads to less jobs and less income. It is government intervention in the economy that the Right supposedly is so vehemently against.

    EDIT - I understand the need for the military to maintain secure sources of supply, but that doesn't mean the government should protect wide swaths of industry, making everyone poorer.
     
  6. BaronVonBigmeat
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    BaronVonBigmeat Senior Member

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    If you mean that we can't produce every single item that we would ever need for our military, then yes. But it cuts both ways, too. And besides, intertwined economies give less incentive for war in the first place. What's the chance of China attacking us, or Russia attacking western europe? Pretty low, since we are their primary customers. Like Frederic Bastiat said, "if goods don't cross borders, armies will".
     

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