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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (67337)8/9/2007 5:46:30 PM
From: shades  Read Replies (1) of 116555
 
noting that the economic relationship is in the interest and to the advantage of both countries,

If rich fat cats in china and USA benefit at the poor of both countries - then yes it may benefit certain PEOPLE in both countries - but not the downtrodden in both eh?

and generally taking a rather relaxed, and more importantly, anti-protectionist stance.

Phil gets mad about sweatshop slave labor over there with no workers protections like here - and lax food controls here that let meat treated with carbon monoxide come from there. You were a grocery man once - how does a poor kid walking into Winn Dixie who sees a nice pink slab of meat not realize it has spoiled because it was treated?

To this I would add that anyone who really thinks for a minute about trade should realize that since it is entirely voluntary, it must be to the advantage of all concerned, otherwise it wouldn't take place. It follows therefore that it is beneficial.

My granddaddy taught me not to buy meat that was brown and stinking - but technology comes along that is too high tech for the lowtech redneck - and he eats bad meat that was treated with carbon monoxide to stay pink.

Should the EU hit back with a bill of its own?

Phil says the EU banned carbon monoxide treated meat that wasn't labeled and is protecting their citizens - but not the USA - why? Totally free markets without some government controls can be really bad.

(domestic producers who do not want to be subjected to competition).

That may well be true and you make some excellent points, but I have been involved in several car accidents and I saw on CNBC yesterday the chinese cars would crush your skull if you wrecked in one - I want competition - but I want certain government standards imposed as well. I am all for cheaper made chinese cars as a consumer if the tires don't fly off and the car wrecks don't kill me and pollution doesn't turn my city into some of the polluted cities I have seen in China.
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