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November 10, 2005



Good post. I think it's normal for progressives to be wary of international trade. After all, cheap labor and job losses are not exactly what we're after. But if you go a step further, just behind the populist propaganda, you realize that it's about job and wealth creation that we're talking.


I concur. I am mystified at the abject hatred of free trade by many on the left. (I guess it's not really a question of left/right, though. It's more a question of are you a populist or not.) Let me recommend a book I blogged about here that proposed some interesting ideas about economic development and stability in Third-World nations, "The Mystery of Capital" by Hernando de Soto.

Glenn Brown

All good points but I still cant completely agree. I don't believe in free trade. What I mean by that is not that I do not believe that agreements like NAFTA and CAFTA are bad or wrong but that its a myth like Santa Claus or the Easter Bunny.

Free trade will only exist when you have free movement of labor. When the Mexican IT worker can come here and compete for my job at my wage. It is only then when you will have free trade and the improvement of the lives of the third world. Until then what you have is a reverse ponzi scheme with large corporations using the differences in wages and exchange rate to manipulate the labor market.

All in all the agreements are great in abstract but in practice are like saying that you want everyone to drive on the left side of the road and you want to start with trucks.

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