Myths of Protectionism

Discussion in 'Economy' started by Toro, Jul 6, 2010.

  1. Toro
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    Toro Diamond Member

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    Protectionist Myths - Project Syndicate
     
  2. Baruch Menachem
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    Baruch Menachem '

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    You need to demonstrate how they are wrong.

    We wouldn't be talking about it if the results were negligible. the losses are also a great deal larger than the gains. the losses are waste of resources and costs to consumers.

    How making society as a whole better off harms the larges part of the society is a mystery to me.

    Just plain false. Doing the right thing is the right thing no matter how stupid anyone/everyone else is.

    Paul Samuleson wrote a textbook for sophomores. It was very boring (I had to buy a copy. I hated it) and no one read it if they could avoid it. He never won any prizes. How he was the greatest economist is hard to justify.

    Free trade is always offshoring jobs. The jobs that are off shored are jobs that have no justification here anymore.
     
  3. editec
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    editec Mr. Forgot-it-All

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    Free trade?

    Yeahs that's worked out real well, hasn't it?

    30,000,000 jobs either lost directly by offshoring, or lost as a result of jobs never having been created here.

    A balance of trade that's a disaster.

    And the obvious diminuition of real wages for working Americans.

    Of course I understand why it seems great to some of you.

    But for the working classes generally, the benefits are very small and the outcomes to thye middle class and to the nation overall have been quite detrimental.
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Same populist boilerplate was cranked out about Japan...then Hong Kong...then Indonesia...then Taiwan...

    Yet, somehow or another, all of those nations and America are better off for the trade.
     
  5. Baruch Menachem
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    Baruch Menachem '

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    The costs of protectionism are usually hidden, spread over the population and hard to quantify.

    the benefits to protectionism are in cash, very visible to the recipients, and concentrated in the hands of those who have the ear of the legislature.

    During the free trade era, roughly between 1840 and 1910 wars were short and infrequent, economic growth of 6% was the norm.
     
  6. JBeukema
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    JBeukema BANNED

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    Two words: trade deficit
     
  7. Oddball
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    Oddball BANNED Supporting Member

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    Two words: Silly statistic.

    I have the same "trade deficit" with the electric company and grocery store.
     
  8. JBeukema
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    JBeukema BANNED

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    If you shrug off our trade deficit and the loss of American manufacturing by acting as though the nation being as dependent on foreign powers as you are upon your utility company is no problem, it's clear that you shouldn't be taken seriously anyway.

    Not that this (that you're an idiot who runs your mouth whilst knowing nothing about anything) is really news; it simply highlights the fact once again. You hate the idea of people being dependent on Big Brother, but see nothing wrong with the entire nation being dependent on China and other nations who aren't exactly our friends. Makes perfect sense :rolleyes:
     
  9. Paulie
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    Paulie Platinum Member

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    If I know Dude, he's not pleased with our dependence on China either.

    Our trade imbalance involves much more than just protectionism or no protectionism.

    This is exactly what the powers that be want us arguing over: a microcosm of an otherwise complex problem.
     
  10. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    It certainly did work out well, when we actually had a policy of somewhat free trade.
     

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