Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: chomolungma who wrote (1433)	9/8/2002 12:49:16 AM
From: craig crawford	of 1643

>> It took you almost three weeks to come up with that answer - << it took three weeks to make responding to you enough of a priority :) >> and all you could do was come up with a quote from Teddy Roosevelt?! << well it was in response to all you could come up with, which was: "Free trade benefits all of society." >> Wake up! This is the 21st century. << talk about a poor argument. i suppose the constitution is irrelevant now that it is over 200 years old as well. let's just scrap it, shall we? after all, bush sr. implored us back in 1992, "It is the sacred principles enshrined in the United Nations Charter to which the American people will henceforth pledge their allegiance." >> I'll do you one better in dusty old quotes. It's called the "creative destruction of capital." << sounds kind of like the argument lenin made when he said you have to break a few eggs to make an omelette--as he presided over the bolshevik revolution which resulted in the killing of millions. >> It's what gives capitalism its vibrancy << are you suggesting capitalism was not vibrant in america for the first 125 years of the republic when a policy of protection was pursued? >> It's what's made the United States the greatest economy on earth << gee, i guess i was under the mistaken impression that the united states rose to prominence as a global superpower under the banner of protectionism, just like britain did before that with mercantilism. just like bismark's germany and in more recent times post-war japan. hmm...the united states went from 13 colonies to spanning the entire continent; went from half of britain's productive capacity to twice that in 50 years (while enjoying the highest standard of living in the world), saved our brothers in europe from two world wars, all under the glorious banner of protectionism. britain followed the loony ideas of cobden and his free trade cohorts at the economist and went from nearly 25% of world industrial exports to presently 3%. they relied on the united states to bail them out of both world wars, and watched their empire shrivel after endless wars and imperialist interventions. too bad the united states is following in the same footsteps. writing endless checks both foreign and domestic that we will never be able to cash.

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