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Conversation with my daughter today
Message
From
06/08/2014 17:35:03
 
 
To
06/08/2014 17:02:08
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
General information
Forum:
Family
Category:
Children
Miscellaneous
Thread ID:
01604148
Message ID:
01605264
Views:
34
>>>I will stop computerizing business processes.
>>>I will stop price shopping online.
>
>I will stop exporting blue collar jobs to increase my dividends.
>I will admit that globalization is a mistake for so many reasons and will refocus on my community.

".. free trade is the keystone of classical economics.
"It is so clear, so obvious, so indisputable, that its opponents were unable to advance any arguments against it that could not be immediately refuted as
"completely mistaken and absurd." -- Ludwig von Mises

It is econ 101 stuff.
Yes, you can point out the injured parties when jobs move overseas.
The losses are concentrated and visible.

And Yes, the benefits to free trade are spread out and less visible.

The logic of protectionism can be reduced to absurdity:
Your local government outlaws all other grocery stores except the one owned by the mayor's brother.
The brother keeps the money local.
- Very local -
He lines his pocket with dollars fleeced from you.

That brings up the other argument against protectionism.
No matter how many speeches are given and flags are waved,
- the political players benefit, not the citizens.

There is just no reason for NZ to go without cotton or automobiles or bananas because they are produced overseas.
And amazingly enough, according to Wikipedia in New Zealand:
Rogernomics.. free-market economy that can compete globally. This growth has boosted real incomes, broadened and deepened the technological capabilities of the industrial sector, and contained inflationary pressures."

Seems like a good deal to me.
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