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Friedman never envisioned our self over regulation and competing against close to slave labor wages.
We are also about the only nation where lawsuits are allowed so heavily aganst business owners. You don't see that with Mexico, Japan, India or China.
We need massive tort reform.
I am old enough to remember when the GOP supported free markets.
Despite a wide array of arguments in the field, economists have presented a uniquely united front on the benefits of free trade policies. Comparative advantage is one of the most basic and settled concepts in economics. And despite what our pandering politicians (including most prominently Pres. Elect Trump) trade deficits do NOT matter one iota.
Of course, even though society overall is made better off, there are losers in free trade agreements. That is where we have failed as a country. We need a much stronger T.A.A. (Traded Adjustment Act) and that includes a Basis Income for those dislocated by trade.
But protectionism (or false nationalism as promoted by Trump) is fraught with disaster. The 1930's were a time of tribalism, nationalism and protectionism. Not exactly a good frame of reference.
I am old enough to remember when the GOP supported free markets.
Despite a wide array of arguments in the field, economists have presented a uniquely united front on the benefits of free trade policies. Comparative advantage is one of the most basic and settled concepts in economics. And despite what our pandering politicians (including most prominently Pres. Elect Trump) trade deficits do NOT matter one iota.
Of course, even though society overall is made better off, there are losers in free trade agreements. That is where we have failed as a country. We need a much stronger T.A.A. (Traded Adjustment Act) and that includes a Basis Income for those dislocated by trade.
But protectionism (or false nationalism as promoted by Trump) is fraught with disaster. The 1930's were a time of tribalism, nationalism and protectionism. Not exactly a good frame of reference.
We still support free markets, which isnt what we have now, nor are we headed in that direction with the current trade deals..
Free markets, also relies upon fair markets, in order to be competitive.
I am old enough to remember when the GOP supported free markets.
Despite a wide array of arguments in the field, economists have presented a uniquely united front on the benefits of free trade policies. Comparative advantage is one of the most basic and settled concepts in economics. And despite what our pandering politicians (including most prominently Pres. Elect Trump) trade deficits do NOT matter one iota.
Of course, even though society overall is made better off, there are losers in free trade agreements. That is where we have failed as a country. We need a much stronger T.A.A. (Traded Adjustment Act) and that includes a Basis Income for those dislocated by trade.
But protectionism (or false nationalism as promoted by Trump) is fraught with disaster. The 1930's were a time of tribalism, nationalism and protectionism. Not exactly a good frame of reference.
When there is inequality due to slave wages in one country and lawsuits and huge pay in ours then there is no equal field to create a free market. In the current state you only benefit globalist who would push Bush down your throat.
No regulations or lawsuits elsewhere have caused manufacturers to leave us.
Until we highly restrict lawsuits and have tariffs to compensate for the slave wages elsewhere, there can be no freedom in markets. Only globalist and their companies win.
Except I grew up in an America that protected Americans and their jobs.
Free Medical and Dental, Some employers paid for college,
Prosperty not poverty nearly everywhere, finding a job was not a concern
because most people never left their job.
Quality products made in the USA lasted 20+ years.
Less crime, corporations had more ethics,
Global trade benefitted "Comunist Red China" and built their military.
I Have No Problem , Ending Trade With A Communist Country Where by America
Is Losing $500 Billion per year.
2 Million HB1 workers replacing Americans is out right Un patriot and bad for our society.
Its also a big'ol invite for radical Islamist and Chinese communist to invade our Country.
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