Hi Terry, a little disjointed here but..
I'm no raving free trader but on the other hand the things that are happening aren't just because of free trade, they are mostly just accelerated by it and yes in part to quote a little springsteen..
The highways jammed with broken heroes on a last chance power drive to wring out every last bit of fat..
You've had resources that the world wanted, then technology and services. When the world can get resources, technology and services elsewhere or domestically in their own countries more cheaply, well Poppa's gotta find a brand new bag... That's the bigger problem. the NAFTA is just noise. I don't disagree though as I said above that it was done for the good of the few and not the many....
Maybe the US will become the Global 'Head Office' ;o)
Interestingly our Prime Minister (who just won't go away) got elected initially, mainly on the back of two lies...err....promises, yeah that's the ticket promises...
He was going to cancel or at least renegotiate the Free Trade pact and cancel our consumption tax the GST also affectionately known as the Gouging and Screwing Tax
How much wealth would the US have attained had they remained
isolationist behind tariff walls...?
Terry, China is simply a case of more players joining the game in a global market that eventually can't sustain so many players at current (read North American expectations of ROE).
"A loaf of bread, a jug of wine and thou." is a nice sentiment but most of us want more than that...
Anyway I've got to go get my little guy ready for bead, check my daughter's homework and get her to bed, exercise for an hour and then start working on my billing...Can't wait 'till Sunday, that's when I get to sleep ...
regards
Kastel |
