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To: maceng2 who wrote (20505)1/5/2005 2:59:18 PM
From: redfish  Respond to of 116555
 
Florida sugar industry is a good example of that. Destroys the environment, provide few high paying jobs, and benefit accrue in large part to a single family.



To: maceng2 who wrote (20505)1/5/2005 3:11:58 PM
From: GraceZ  Read Replies (3) | Respond to of 116555
 
The "free market" is usually only talked about when yet some other scheme is used for extracting wealth from a developing nation.

All due respect, total bullshit!

Countries benefit enormously from free trade, both countries, otherwise they wouldn't engage in it. The poorest countries on the planet are those who through geographic or political isolation have had their trade with other countries restricted. Looking at the flow of funds between the US and China one could go around in circles to determine who is "extracting wealth" from whom. Both get richer from the deal or they don't engage in it. Find a decent book on basic economics (and not the socialist ones they hand out in the UK) and look up the terms "absolute advantage" and "competitive advantage" and discover how this is so.



To: maceng2 who wrote (20505)1/5/2005 5:52:22 PM
From: GraceZ  Respond to of 116555
 
Correction to previous reply: I meant comparative advantage where it reads competitive advantage.