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To: HairBall who wrote (1884)	7/27/2005 11:20:57 PM
From: Sun Tzu	Respond to of 2534

My personal view is that: The relative size of economies between US and China would not allow a significant change in US economy even if RMB was a free floating currency. Certainly that would not be a pleasant condition for the Chinese, but it would not help us much; corporations would just move production to the next cheapest Asian or Latin country. I don't believe the phrase "US promotion of Free Trade" is particularly accurate. I think it is better to say that multinational corporations want the best business conditions they can get for the least price and national interest is not a function of the "price". As a result they fund politicians to implement policies that allows them achieve what US' laws do not...CAFTA is a good case in point, if you read beyond the removal of tariff rules.