So what's it going to be; free market or fair market?

Question

I don't think most people understand what the bottom line is. What you are seeing with loss of jobs, declining incomes, war, division and America in decline is really all due to economics.
There is some 320 Million Chinese under the age of 14. There is also millions in India. This is the new market and we the American people are funding it. Its called the free market and we are buying ourselves into oblivion. As the Chinese standard of living increases we in turn lose jobs to them. The corporations don't care. As an example I work for a 5 yr old company who this year will get 52% of it business from overseas. Expansion will happen there, not here. We need tariffs on goods coming in and job creation here or we are dead meat. That's the bottom line, a fair market not a free one like you have been led to believe.

Answer 1

Ah, the old Laissez faire.

I agree, the federal gov should play as little a role as possible in economy.

The government that governs best governs least

Answer 2

You have a valid point, but you are mistaken if you think that our trade problems are due to the "free market".

Domestic production is subject to a lot of regulations, OSHA, EEOC, EPA, and the minimum wage, just to name a few, that overseas manufacturers don't have to worry about. When the wholesale cost of an item made overseas is more than the cost of liability insurance for a domestic manufacturer, that's not free trade.

A truly free market WOULD be a fair market, but what we have is a system where domestic producers' hands are tied and weighted down with government requirements.

Yeah, the tariffs would level the field some, but realize that it will be inflationary.

Answer 3

There are tariffs on everything coming in. Some countries get preferential trade agreements and the tariffs on them on are smaller. Paint brushes from China 5%, electronics from China 20%. Those were the tariffs a couple of years ago and you are right about how much we bring in from China, we are supplying their growth but at $5.00 a day in salary it will take them a hundred years to catch up.

Answer 4

"As an example I work for a 5 yr old company who this year will get 52% of it business from overseas."

And if your own proposal were to pass, you could expect your company to slash 52% of the jobs. Are you really so jealous of people who sit in a hot, dirty, factory doing manual labor for pennies on the dollar - while you sit in your air conditioned office, in front of the high speed internet, doing intellectual work...

Any questions?

Answer 5

Your arguments are convoluted and inconsistent. Do you want your company to give up the 52% of their business to someone else? Do you want them to try to get the same business in the US?

You have a job because of oversees business. American businesses thrive because of it. I don't understand what you're unhappy about.....

Answer 6

there is no such thing as a free market.

Answer 7

this isn't something new..it has been going on for years