Protectionist dominoes are beginning to tumble across the world

Protectionist dominoes are beginning to tumble across the world (Full Version)

All Forums >> [Casual Banter] >> Off the Grid

Message

celticlord2112 -> Protectionist dominoes are beginning to tumble across the world (12/21/2008 2:52:56 PM)
Protectionist dominoes are beginning to tumble across the world The last paragraph is the most interesting. quote: The last great era of globalisation peaked just before 1914. You know the rest of the story. So how will we repeat history?

corysub -> RE: Protectionist dominoes are beginning to tumble across the world (12/21/2008 6:08:16 PM)
I see your point. Obama is not a free trade guy....already the winds of protectionism are starting to stir. Columbia, a friend of the United States, is being denied favored status by Pelosi...more to come in 2009.

awmslave -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 12:19:36 AM)
I am for free trade with one condition: trade volumes must be approximately equal between countries. It is simple math the trade deficit US is running eventually will crash the system.

popeye1250 -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 1:59:50 AM)
quote: ORIGINAL: corysub I see your point. Obama is not a free trade guy....already the winds of protectionism are starting to stir. Columbia, a friend of the United States, is being denied favored status by Pelosi...more to come in 2009. Colombia is our "friend?" Mexico claims to be our "friend" too. With those two as "friends" who needs enemies? As for "most favored nation status" I thought that was singular! But, there's a bunch of them. Only "Washington" could come up with shit like that. "Nation" means "one." Pick one!

variation30 -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 3:43:39 AM)
quote: ORIGINAL: awmslave I am for free trade with one condition: trade volumes must be approximately equal between countries. It is simple math the trade deficit US is running eventually will crash the system. I'm new to economics but I like it and I want to learn more. what is a trade deficit?

MmeGigs -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 5:05:17 AM)
quote: ORIGINAL: variation30 what is a trade deficit? It's when we're buying more from other countries than we're selling to them. More money's going out than coming in.

Owner59 -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 6:52:26 AM)
Fuck free trade! That`s another way of saying ,sell our futures to the Chinese so that Walmart can meet it`s monthly earnings goals. I`m for "fair trade". Sounds similar but the polar opposite in affect. I`m for trade deals that benefit the middle class workers(who make the goods traded) ,not corporate America,who have basically sold the US down the river for a quick buck.The rats. If a guy makes shoes for 50 cents a pair,with slave labor and no environmental controls,we`ll say fine,you can sell your shoes here with a 30 dollar tariff per pair(or what ever amount makes those shoes priced fairly compared to other shoes). We`ve seen what "free trade" has brought us.Our jobs shipped out and poverty shiped in. That`s going to change in less than 30 days.It couldn`t come sooner.

celticlord2112 -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 7:04:26 AM)
quote: If a guy makes shoes for 50 cents a pair,with slave labor and no environmental controls,we`ll say fine,you can sell your shoes here with a 30 dollar tariff per pair(or what ever amount makes those shoes priced fairly compared to other shoes). Smoot-Hawley 2.0? So you WANT a return of the Great Depression......

Owner59 -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 7:09:53 AM)
Depression? No that`s your gig, buddy. We`re almost there,too.4 more years would have sinched it.Sorry to dash your plans.

MzMia -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 7:30:37 AM)
quote: ORIGINAL: Owner59 Fuck free trade! That`s another way of saying ,sell our futures to the Chinese so that Walmart can meet it`s monthly earnings goals. I`m for "fair trade". Sounds similar but the polar opposite in affect. I`m for trade deals that benefit the middle class workers(who make the goods traded) ,not corporate America,who have basically sold the US down the river for a quick buck.The rats. If a guy makes shoes for 50 cents a pair,with slave labor and no environmental controls,we`ll say fine,you can sell your shoes here with a 30 dollar tariff per pair(or what ever amount makes those shoes priced fairly compared to other shoes). We`ve seen what "free trade" has brought us.Our jobs shipped out and poverty shiped in. That`s going to change in less than 30 days.It couldn`t come sooner. [sm=applause.gif] What Owner said! FUCK free trade! Power to the people!

LadyEllen -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 7:36:09 AM)
If it were anything like free trade in the first place, African countries would still be in boom times right now and in their tenth year at least of such prosperity. There can be after all, no place in the world cheaper to make things for export. As it is, free trade appears to be merely the replacement metaphor for imperialist trade, where the powers that be make the rules to suit their own ends and damn those who dont like it. I wonder how many armed guards will be on duty at Canary Wharf and around the LSE tonight and next week that werent there previously? E

slaveboyforyou -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 7:39:24 AM)
Yes, fuck free trade indeed. I really want to pay fifty bucks for a fucking toaster, 400 bucks for a microwave, or 200 bucks for a DVD player. Hey we can go back to the days when the Big 3 didn't have to compete with anyone; we can have great cars like the Pinto and the Edsel again. Man, that would rock! [8\|]

LadyEllen -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 7:46:54 AM)
But the point is, you would be earning according to the capacity of the economy which is selling toasters for fifty bucks? Toasters are only 5 bucks because some guy in China is making them - and each outsourced well paying job being replaced with a low paid job means less money in the economy, necessitating a five buck toaster. Its a vicious spiral, a chase to the bottom that benefits few if any - and as we are seeing now, it isnt even going to benefit those few as the profits they made are evaporated. E

Owner59 -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 7:47:58 AM)
So a race to the bottom ,it is.Yes? We can do better. I would also make American companies who earn their money here,stay here and not off-shore themselves to avoid paying taxes. I would jealously enforce that law,no matter who it pissed off. The corporate free lunch souldn`t be payed for by you and me.

MzMia -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 7:48:41 AM)
quote: ORIGINAL: slaveboyforyou Yes, fuck free trade indeed. I really want to pay fifty bucks for a fucking toaster, 400 bucks for a microwave, or 200 bucks for a DVD player. Hey we can go back to the days when the Big 3 didn't have to compete with anyone; we can have great cars like the Pinto and the Edsel again. Man, that would rock! [8\|] lol, slaveboy you actually made a great point here. I have considered starting a thread on how many of us would be willing to pay more for goods and services made in America. There has to be some middle ground, and for the sake of our country, "the global economy", and "free trade" I hope we find it.

bestbabync -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 7:49:45 AM)
[sm=goodpost.gif] and if we pay more, then that means we all get pay raises, Lady Ellen?

MzMia -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 7:54:31 AM)
quote: ORIGINAL: LadyEllen If it were anything like free trade in the first place, African countries would still be in boom times right now and in their tenth year at least of such prosperity. There can be after all, no place in the world cheaper to make things for export. As it is, free trade appears to be merely the replacement metaphor for imperialist trade, where the powers that be make the rules to suit their own ends and damn those who dont like it. I wonder how many armed guards will be on duty at Canary Wharf and around the LSE tonight and next week that werent there previously? E [sm=goodpost.gif] [:D]

LadyEllen -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 8:02:09 AM)
quote: ORIGINAL: bestbabync [sm=goodpost.gif] and if we pay more, then that means we all get pay raises, Lady Ellen? Yes, each according to the value of his work as relative to others - rather than according to the value of his work when done by a slave labourer in a sweatshop. There is more money in the economy if the toaster man and millions like him are being paid well, as he can be when his work is fifty bucks a go at retail. After that it is up to the toaster guy and the rest to negotiate wages and in an economy where there are many well paid jobs, he can go elsewhere if he needs to. The situation we are in has certainly proved the converse to be correct; lower numbers of well paid jobs has reduced the money in the economy so that it becomes necessary to buy in the toaster from China as no one can afford a domestic product. E

MzMia -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 8:06:30 AM)
quote: ORIGINAL: LadyEllen quote: ORIGINAL: bestbabync [sm=goodpost.gif] and if we pay more, then that means we all get pay raises, Lady Ellen? Yes, each according to the value of his work as relative to others - rather than according to the value of his work when done by a slave labourer in a sweatshop. There is more money in the economy if the toaster man and millions like him are being paid well, as he can be when his work is fifty bucks a go at retail. After that it is up to the toaster guy and the rest to negotiate wages and in an economy where there are many well paid jobs, he can go elsewhere if he needs to. The situation we are in has certainly proved the converse to be correct; lower numbers of well paid jobs has reduced the money in the economy so that it becomes necessary to buy in the toaster from China as no one can afford a domestic product. E Some of us get it {Myself, Lady E, Owner and others} and some don't. Problem is, Lady E.....many have bought into this "free trade" bullshit and don't see the bigger picture. We would pay more for certain goods and services, but we would also make more. [;)] Some rather buy cheap and work for peanuts.

slaveboyforyou -> RE: Protectionist dominoes are beginning to tumble across the world (12/22/2008 8:24:07 AM)
No we wouldn't make more. The companies that do manufacture goods wouldn't be able to compete globally, and they would ultimately fail. Economic isolationism does not work; it's been done before. When you place tarriffs on goods, the countries you're penalizing will follow suit. Do you want us to do that with countries like China? We can go back to the good ol' days of them being isolated and impoverished. We can forget having a market of over a billion people to sell our own products to. If you want to see protectionism at it's worst in this country, look no further than agriculture. It's a big reason why fruits and vegetables are so expensive. I blame our country's obesity epidemic partly on agricultural subsidies. The consumer (the people as many of you like to call it) are the ones that lose in a protectionist economy.

Page: [1] 2 next > >>

Collarchat.com © 2025

Terms of Service

0.03125