America's Trade Policy of the Absurd
(Blog Post) Saving middle-class America will require a radically different conception of trade and the national interest. Full Story »
Posted by Warrior Wheatman - via NewsRack (Business)(Blog Post) Saving middle-class America will require a radically different conception of trade and the national interest. Full Story »
Posted by Warrior Wheatman - via NewsRack (Business)This is a lucid, comprehensive construction of the argument. None of this is particularly groundbreaking, but Faux uses clear, if slightly emotional, language, and he offers some concrete proposals.
...a good rhetorical argument against the continuing growth of multinational influence in trade policy with some constructive proposals.
...unfortunately President Obama's recent trip to the U.S. Chamber of Commerce shows where the real power center lies.
a chronic trade deficit has made us the world’s largest debtor, undercut the bargaining power of the working middle class, and hollowed out U.S. manufacturing. ... More »
This opinion piece has minimal journalistic merit. The author is unfamiliar with economics. He therefore provides ideological arguments about trade rather than economic ones. People on the far left and the far right (equally ignorant!) may like the opinion, but that does not make it accurate. The author also knows little about history. Otherwise he would know that the Great Depression was caused by the Smoot-Hawley Tariff law; until its passage unemployment was below 6% despite the stock market crash of 1929. Suggest the author read works by liberal economists such as Thomas Sowell and Amity Shlaes before writing anything more on economics.