Says Friedman re: Comparative Advantage:
"They argue that comparative advantage today is moving faster than ever from structural factors, like natural resources, to how quickly a country builds its distinctive talents for innovation and entrepreneurship - the only sustainable edge."
WHAT FRIEDMAN MISSES IS THE ENTIRE HISTORY OF TARIFFS AND THE REASONING BEHIND TARIFFS..... FREE TRADE WAS "KNOWN" IN THE ANCIENT WORLD...AND IT WAS REJECTED!!
HOW SO?
CHEAP LABOR, DESKILLING AND FEAR OF "THEFT OF TECHNOLOGY" (IE DIFUSION) HAS BEEN AROUND FOR MILLENIA! TRANSFERING TECHNOLOGY OUT OF THE COUNTRY WAS A SURE DEATH SENTENCE IN MOST KEY NATIONS OF THE WORLD.
This "Globalism Thing" is NOT NEW!! It's been around ever since Mesopotamia was estabilished.
Globalism been around since ancient Egypt and Imperial Rome. Tariffs were used in the Middle Ages...and price controls were used domestically to limit competition on everything..including the price of Bread in London and Paris.
THE POINT IS THAT PROTECTIONISM IS A VALID PUBLIC POLICY! AND THE DISASTEROUS CONSEQUENCES OF "FREE TRADE OR ELSE" IS SEEN EVERYDAY IN THE "MACRO-NUMBERS" THAT COME OUT ON THE STATE OF THE US ECONOMY......
FRIEDMAN'S FALLACY IS ONLY MAKING MATTERS WORSE....AND HE IS PLAYING INTO THE HANDS OF THE MULTI-NATIONAL GREED-MONGERS THAT HAVE TAKEN OVER THE US ECONOMY AND ARE LOOTING IT TO THE BONE....
Now, don't just take my word for this....STUDY THE HISTORY OF TRADE...AND THE HISTORY OF TARIFFS.
THIS ENTIRE FREE TRADE NONSENSE COMES FROM ONE PLACE, ADAM SMITH'S BOOK THE WEALTH OF NATIONS... AND THAT BOOK IS WRONG AND DANGEROUSLY OUT OF DATE.....
CHEAP LABOR SHOULD NEVER, NEVER BE ALLOWED TO TRUMP THE WEALTH OF THE NATION UNDER ANY CIRCUMSTANCES....
