Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (8358)	9/6/2001 9:52:47 PM
From: Ilaine	Read Replies (1) of 74559

>>scary . . . . protectionist . . . . delinked from how economics works . . . . stopping international trade . . . . protectionist bandwagons . . . . big warning signal . . . . the biggest losers will be the 'protected' country<< "Economic man" is a construct, someone who acts purely selfishly without any altruism nor thought for future generations. In the real world, the cheapest pair of shoes may be made by slave labor. The cheapest rug may be made by little children who are stolen from their parents and forced to work in workshops by men who beat them and don't feed them and call them names. The cheapest cotton may come from a country that uses DDT. If we have laws in this country that prohibit slave labor, child labor, sweatshops, water pollution and air pollution, why should our manufacturers be penalized by allowing uninhibited importation from those who do those things? Why should our companies have to compete with companies whose governments subsidize their goods?

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