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Politics : Foreign Affairs Discussion Group

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To: TimF who wrote (21189)	3/11/2002 10:05:40 PM
From: craig crawford	Read Replies (3) of 281500

>> however it does decrease the amount of competition which can raise prices << fair enough. >> and it results in less effcient use of resources which reduces total production << i am arguing on several different threads so i can't recall exactly what i have said or haven't said here, but here is a post of mine addressing this issue. Message 17184167 >> As for the claim that free trade benefits the big corporations over individuals that is not true. With restricted trade large corporations can rake in big bucks without having to face as much competition << with unfettered free trade corporations can extort lower wages or just plain lay off american blue collar workers. this is the source of much of the profit and productivity gains of large multinational corporations seen in recent years. of course accounting tricks don't hurt either <g> people talk about how miraculously run companies like ge are. what a crock. they have sold out their american workers, packed up and shipped out. nearly half of ge's employees work outside the united states. as of a few years ago gm was the largest private employer in mexico. i think they might have been taken over by vw. ibm and ford have more foreign employees than domestic. packing up and shipping out jobs previously held by americans is a nice way to skirt taxes, environmental laws, and to exploit cheap labor to increase profits. this may benefit shareholders, and it may benefit the officers of the company, but how does it benefit working americans who have lost their manufacturing jobs to a mexican who will do the same job for 50 cents an hour? being able to lay off well paid americans to exploit cheap labor abroad seems like it hurts individuals in favor of the large multinational corporation to me.

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