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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: maceng2 who wrote (20552)	1/9/2005 8:45:28 PM
From: GraceZ	Read Replies (1) of 116555

The US suffers from the same kind of limitations on free trade as other less developed nations, that doesn't mean one can't whole heartedly be for less trade restrictions. Basically countries say they are all for free trade until some group starts to lose and then those groups try to marshall the government power to impose sanctions. Mostly these things work against the countries who impose them, like the recent steel tariffs. Oh maybe it gave our inefficient steel industry a few months to sort out their pension mess, but in the end it wound up costing US industry in terms of higher costs in any industry that created anything with steel. Slowly but surely these secondary effects are becoming known and impossible to ignore, so the push now is towards more open markets everywhere, even here in the US where Capitalism, private property and free markets are under continual assault by those who want the government to "manage" everything. Typically though, Western Nations exploit developing nations. Give me an example of a country which has not benefited from trade with a large more developed one.

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