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Basebuck;1321782; said:Free trade is inherently flawed. Reagan economics,trickle down just does not work in a capitalist society.
so the countrys who have tighter restrictions on trade do better? im not following. maybe a more through explanation would be interesting...Free trade is inherently flawed. Reagan economics,trickle down just does not work in a capitalist society.
interesting, for conversation point. would you then be willing to pay $20 for a hanes t shirt? a couple of extra hundred for a tv, more for food, milk, eggs, fruits, vegetables etc?It has been my understanding that free trade makes it vastly easier for companies to pay third world countries dirt for wages and import goods back to us giving them a huge advantage over local companies thus is to our disadvantage (good for large corperations, bad for local workers). High tariffs however create isolationism and cause other nations to make it difficult for our local companies to ship items abroad.
My personal stance on the matter is that we should impose tariffs, but those tariffs should be placed on a sliding scale that varies depending on how much the country pays their workers in relation to us. ie. if china wants to pay workers 10 cents a day and ship items back to our country to be sold at walmart then tariffs would be extremely high to negate corperate advantages of low wages. If japan manufactures a new computer and in doing so pays all the assembly line workers that made it wages equal to or above our own, then they can bypass all tariffs.