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Thread: Trump tried to save their jobs. These workers are quitting anyway.

  1. #21
    Scucca Ęthelfrith's Avatar
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    Quote Originally Posted by labrea View Post
    Actually, I think we should abandon the idea of free trade in favor of fair trade - insisting that other humans, and their environment be treated as we, ourselves, wish to be treated.
    Makes sense between similarly developed countries (as a means to stop 'race to the bottom' through the corrupting behaviour of multinationals). Makes less sense with development issues. Labour 'wins' from trade in developing countries (i.e. wages rise). Fair trade then can't be what we insist, but should involve developing countries having room to use protectionism to fine-tune industrial policy.

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    Quote Originally Posted by Ęthelfrith View Post
    Makes sense between similarly developed countries (as a means to stop 'race to the bottom' through the corrupting behaviour of multinationals). Makes less sense with development issues. Labour 'wins' from trade in developing countries (i.e. wages rise). Fair trade then can't be what we insist, but should involve developing countries having room to use protectionism to fine-tune industrial policy.
    We can insist that human rights, as outlined by the UN - for instance, be observed in the production of goods imported into the US.

  3. #23
    Scucca Ęthelfrith's Avatar
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    Quote Originally Posted by labrea View Post
    We can insist that human rights, as outlined by the UN - for instance, be observed in the production of goods imported into the US.
    Insisting? The practicalities typically result in just convenient protectionism (e.g. there are lots of analysis into the ineffectiveness of sanctions). You can't bunnify the world with trade. You can, however, empower developing countries.

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    Quote Originally Posted by Ęthelfrith View Post
    Makes sense between similarly developed countries (as a means to stop 'race to the bottom' through the corrupting behaviour of multinationals). Makes less sense with development issues. Labour 'wins' from trade in developing countries (i.e. wages rise). Fair trade then can't be what we insist, but should involve developing countries having room to use protectionism to fine-tune industrial policy.
    AAaah hahahahaha developing countries have been using protectionism. That's EXACTLY how China wrecked first world economies by sucking out all our jobs.

    Protectionism must be allowed by everyone or no one. Your policy of endorsing playing favorites is exactly how we got in this mess.

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