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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (1070)3/12/2002 8:04:05 AM
From: maceng2  Read Replies (1) | Respond to of 1643
 
Steel sector stares into the abyss
news.bbc.co.uk

Trade war looms over steel dispute
news.bbc.co.uk



To: maceng2 who wrote (1070)3/12/2002 6:54:24 PM
From: craig crawford  Read Replies (2) | Respond to of 1643
 
fair competition is good. I'm all for free trade between nations that operate with the same standards we do

>> It is irresponsible to say this in one breath, and then say "you don't want to be part of the UN or the WTO" in the next <<

how so? for starters, our membership in the wto is unconstitutional. that is reason enough to take a hike. furthermore, i can't understand this notion people cling to which suggests that the UN is the solution to every problem. the UN is more of a problem than a solution. we got along just fine before the UN and WTO, and we even negotiated trade without them.

>> Economic depressions have occurred before. <<

and they will again.

>> We are even more now in a "global village" mode where countries are dependent on each other to sustain current world economic output. <<

in my opinion that is a shame. by the way, america is not all about "world economic output". that is part of what ails this country. people place far too much emphasis on running the united states like a corporation, as if the only thing that mattered was the bottom line. that's not what made this country great.

>> So, we look to the management of Nike, Microsoft, Chinese sweat shops, the Russian Mafia, Indian carpet manufactures (who use child slave labor) for applying the rules of "fair trade"? <<

of course not. it is up to congress to decide how to regulate trade. article I section 8 of the constitution states:

The Congress shall have Power...To regulate Commerce with foreign Nations, and among the several States

>> The point is, everyone can apply protective tariffs <<

yeah, so? they often do. you think countries like japan and china want to play fair? why is it a problem when the united states wants to take measures to protect itself, but i don't hear anyone complaining about all the protectionist measures other nations take against us?

>> My view is that reduced global trade will lead to a depression. <<

what makes you think that trade will be reduced?