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Politics : Formerly About Applied Materials
AMAT 322.34+1.1%Jan 23 9:30 AM EST
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To: Cary Salsberg who wrote (46380)5/7/2001 10:04:20 PM
From: Ian@SI  Read Replies (2) of 70976
 
Cary,

If I remember correctly, you've now retired. Perhaps you could use some of that "free" time to read a couple, or a couple more, books by Milton Friedman - a Nobel Prize winning economist. He has a knack for exposing commonly held economic myths which have no basis in economic reality.

Free trade is good for the world economy, but not necessarily good for many parts of the US economy.
especially those parts of the US economy which may not be as productive as equivalent functions in other parts of the world. Without free trade, all Americans pay the price for this inefficiency. With free trade the productivity improves or the function gets outsourced thus improving productivity in another way.

I think in an earlier post, you fretted about exporting an accounting service to Ghana. Regardless of what service was exported to which country, an unemployed person in a third world nation doesn't consume too many US goods or services. An employed person does consume goods and services many of which will be American either directly or indirectly thus contributing to US employment and improved Quality of Living. I further believe that there is a multiplier effect such that all parties to the Free Trade environment benefit.

I've yet to see a compelling argument for keeping inefficient processes and services when they can be readily substituted with ones which are more productive. Let everyone do what they're best at.

I finally found my niche. Retirement! <vbg>

Just some thoughts from the other side,
Ian.
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