I believe in free markets, but aren't there times when free trade isn't in the national interest?

Question

Economic growth at all costs? Just one example that I'm concerned about: Due to our economic relationship with China, we may be giving them the wealth and technology to surpass the United States as the leading economy, not to mention to grow and modernize their military. (They are still a communist country)

Answer 1

You suffer from Tunnel Vision. I would look at Japan as being the biggest threat to the national economy of the US. They virtually own Honolulu, and about 90% of the major buildings in Los Angeles, and we spend only a billion dollars a day in Japan. How many TVs are produced in America today? I live in China and I see an economy based on work ethics and outsourced work from the US....and yes, China will surpass the US...according to the CIA estimates within 15 years. However with the trade with Japan, we are blocked by the Japanese from selling much there and they can use basic technology from the US and allow other countries to use it against us. Japan controls both media and entertainment in the US, and are looking for good buys in America in other fields. Now who poses a threat to our national interests? Look at the car industry...does it suggest a change?

Answer 2

Capitalism works basically besides as Communism. there is not any such ingredient as a loose marketplace... rules are mandatory except all of it is going up in smoke, because it basically did... because the late Pres.George W. took away housing/personal loan rules and enable the lads on Wall St. bypass loopy for decades. each body is clearly grasping, it truly is why Capitalism(authentic loose marketplace) and Communism do no longer artwork. you're $2 milk idea has no longer something to do with this. or perhaps basically placed, someone ought to be getting screwed for a real loose marketplace to artwork properly, i wager it is the cow on your analogy. In actual existence it would want to also be the persons ingesting the homogenized/antibiotic filled milk. artwork your butt off at 2 comprehensive time jobs at minimum salary with out health care or any vacation or unwell days and then ask your self what's the version between slavery and existence being undesirable. human being Liberty contained in the U.S. means no longer something anymore settle for "The Rights of the rich and useful" with the help of how the federal authorities is a huge company, a lot of them. you're scuffling with hostile to your self on your argument. The loose marketplace is Walmart.

Answer 3

Economic Libertarianism is as dangerous an extreme as centralized communism.

I'm all for the intelligent, democratic regulation of certain markets and trade relationships.

Oh, and we don't have a law like China's because we don't really produce anything anymore. We are a "service" economy, whatever the hell that means.

Answer 4

The problem with free markets is that it isn't always fair trade. Wealth in this country is finite, only so much money exist. When huge trade imbalances exist, as with China and Mexico, the wealth of the country is drained. This creates a dwindling money supply with less money circulating within our own economy. The end result is big business making more money from international trade, and US workers making less.
Guess what? That's what happening now.
Think about that next time you visit Wal-Mart. Nothing in that store is made in the USA. Wal-Mart alone is responsible for 10% of the trade imbalance with China.

Answer 5

fair trade not free trade mexico wages only increase 17% in the last 25 years

Answer 6

Actually, China's law requires anything sold in China, to be manufactured in China. Why doesnt America have a law like that?