Monday, July 20, 2009

Free Trade: Obsolete Concept?

Take a look at what Taplin's saying for us laypeople — complete with scary chart even I can understand — and give it some thought. Me, I've got bills to pay and hours to go before I sleep. I figure he's on to something, although not by any means alone.
A tariff on imported goods that are not manufactured under certain environmental and labor standards would level the playing field to revive our hollowed out manufacturing sector. Just like the dogma of “efficient markets” has proved to be fallacious in the last 16 months, we must realize that the religion of “free trade” is a trap. America can either sell itself off to our creditors around the world or figure out how to incentivise our manufacturers to relocate their factories in this country to put the 30 million underemployed back to work.

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