Free trade reality

A great letter in the financial times:


Guy de Jonquieres is right on the money when he advocates unilateral trade liberalization as the best alternative to the Doha round shenigans (“Do-it-yourself is free trade’s best ‘plan B’,” Aug. 24). But he falls into the usual trap of blaming countries’ failure to liberalize on shibboleths such as “fierce hemispheric rivalry between the US and Brazil. Nonsense! There is one, and only one, reason countries fail to engage in free trade – and that reason is that barriers to trade make a few people rich even as they make many people poor. Interest groups lining their pockets at the expense of their countrymen, whether in France, the United States, or China,a re responsible for the failure of the Doha round, the Free Trade of the Americas and a host of other such agreements. From sugar to cheese to computer chips, the opponents of free trade mouth platitudes about infant industries, national security, and traditional lifestyles. In the end, however, their arguments all reduce to “I’ve got mine and you can’t have any.

Andy Morris”

Exactly! Why people don’t see this I can’t imagine. When we do not have free trade, special interest groups are the ones benefitting at the expense of everyone else. Farmers (mostly agribusiness) don’t want to lose the free money that all of us have been giving them all these years. God forbid that they have to compete for our dollars… So they send their lobbyists to make sure that they do not lose their cash cow. Disgusting…


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.