Saturday, August 25, 2007

FREE TRADE: A RACE TO THE BOTTOM.

THE NOTION THAT THE WINNERS UNDER GLOBALISM AND FREE TRADE WILL BE THOSE WHO HAVE THE CHEAPEST LABOR AND THE WORST ENVIRONMENT REGULATIONS IS JUST NOT TENABLE...

GLOBALISM WILL EVENTUALLY GIVE WAY TO THE MORE RATIONAL REALIZATION THAT ALL ECONOMIES ARE LOCAL...

AND THAT THE WINNER TAKE ALL RACE TO THE BOTTOM OF THE BARREL IS SIMPLY NOT SUSTAINABLE...

THE FREE TRADE NOTION OF "COMPARATIVE ADVANTAGE" SHOULD BE LIMITED TO THOSE THINGS THAT ARE TRULY UNIQUE IN AN ECONOMY...FOR EXAMPLE OIL IN THE MIDDLE EAST...OR BANANAS FROM CENTRAL AMERICA...

NOT CHEAP SLAVE AND CHILD LABOR IN THE FLITHIEST CONDITIONS POSSIBLE...

FREE TRADE THAT LACKS HUMANITY IS BARBARISM AND GREED...

PRESUMABLY, AFTER 2009 WE WILL START HAVING SERIOUS DISCUSSIONS ABOUT WHERE THIS IS ALL HEADING...

THE UNSUSTAINABILITY OF THE CURRENT SITUATION IS OBVIOUS... IF CHEAP LABOR MAKES THE WORLD GO ROUND...SOONER OR LATER THE WORLD WILL BE A VERY VERY MISERABLE PLACE INDEED!!