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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bentway who wrote (16869)2/6/2004 6:42:08 PM
From: gpowellRead Replies (3) of 306849
 
All one needs to do is look at rising incomes to know that your theory is false. Most constraints to free trade have already been removed - starting in 1932.

The situation now is that the majority of the undeveloped world is in the process of throwing off old socialists views, while the old worn out capitalist nations are trying the cloak on for size.

Really this whole discussion boils down to one or two posters self-interest in preventing foreign competition. No different than textile owners and automakers. The argument always focuses on jobs, but the real power and interest behind the issue is protectionist policies that benefit monopoly industries. I cannot remember the exact stat, but something like 60% of the sugar subsidy accrues to one family owned plantation. US consumers of sugar pay double the world price and as a result some companies that use substantial amounts of sugar in their products have moved their production out of the US.
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