Tehon
Gold Member
- Jun 19, 2015
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Lol, it doesn't get any more basic than this, which is what I thought was the point of the thread. Understanding the basics.The price of goods produced by even lower cost laborers will go down or go up more slowly. As a consumer, I'm okay with that. Aren't you?The TPP is going to build a new economic zone of cheap exploitable labor (Vietnam) that is going to counter rising costs in China. Then there are the other costs associated with free trade like the loss of sovereignty of the peoples governments to protect their own interests against the rapaciousness of the capitalists. There is no end to the desire for more profit.Yes, I did cite Peterson Institute's study. Peterson is hardly the only source I cited; moreover, the sources I cited are hardly the only ones that present and analyze (while fully disclosing their methodology) the objective/empirical measures of the impacts of NAFTA specifically or free trade in general and that also attest to the net gains from free trade/NAFTA outstripping the net losses.
Who benefits most and/or who benefits least really doesn't matter so long as most people and the nation as a whole realizes a net benefit rather than a net loss. Why? Because the matter is macroeconomic not personal; it's policy made on a large scale with the aim of benefitting the nation on a similar scale.
It doesn't bother me that folks criticize a given macroeconomic policy. All such policies have "winners and losers," and we can all be sure the "losers" will always gripe about having lost in the exchange. What I find totally unacceptable is that the gripers do so without perspective and without giving credence to all aspects of the matter.
After all, the consideration of any national level policy is not about any one or few thousand people, it's about what's best for the overwhelming majority of people. The first bullet's expression ignores that underlying theme; the second one does not. That is why I can at least respect the speaker of the second bullet's thoughts; that person has made it clear they know the full scope of their preference. They aren't not pretending or intimating that what's good for them is good for most other folks. That's honest. There's integrity in it.
- Not acceptable to me: "I disapprove of free trade because I lost my job because of NAFTA."
- Acceptable to me: "I disapprove of free trade because I lost my job because of NAFTA. Even though the nation and people on the whole are better off due to NAFTA, I still prefer free trade. Yes, I know restricted trade will cause price increases and trade wars, but I still prefer it to free trade."
Free trade Will even itself out in the long we wittnesed that with Japan, we are witnessing that with China, Mexico is a fluke in that ideology being so close to the U.S.
Its taken along time for the industrial revolution to circle the globe, but it will complete it's circle unless technology stops it in it's tracks with 3 d printers and such.
It likely will, but so what if it does?
- China's workers will become ticked off because they demand higher wages than do Vietnamese workers and companies don't want to pay higher wages. Unskilled U.S. workers' situation won't change merely because the companies seeking low cost labor move from China to Vietnam.
- The price of goods produced by even lower cost laborers will go down or go up more slowly. As a consumer, I'm okay with that. Aren't you?
Not really no, I'm not okay with the exploitation of people.
Sorry, but worker exploitation is too far off from the theme of the OP. I'm happy to discuss that with you in a thread that is more directly themed on that topic.