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Post by fredorbob on Jul 27, 2011 3:27:23 GMT -6
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Post by unlawflcombatnt on Jul 27, 2011 5:09:54 GMT -6
I especially like this part:
"Permanent peace for the world can be established, not by the promotion of the impracticable Free-Trade theory, but by leaving each nation free to supply its home market from its home productions, so far as it chooses to do so. That means Tariffs for Protection of home markets."
And this was in 1917.
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Post by unlawflcombatnt on Jul 28, 2011 11:50:06 GMT -6
There are a lot of good passages in that page shown for this reference. It's amazing that the folly of free trade was so well understood and accepted historically, as evidenced by this book and by the writings of even of true plutocratic shill like David Ricardo--who made the general point that the "factors-of-production" (i.e., capital) can not flow of international boundries for free trade to work (in his "Comparative Advantage" doctrine). Today it is not just jobs that are creating that great "whooshing sound" described by Ross Perot. It is capital itself. I again want to call attention to the assaninity of the soundbite that we just "need to increase exports." That's pure B.S. We don't need to increase our exports one iota. We need to need to reduce our imports. We need to completely stop our importation of manufactured goods and agricultural products. We may need to continue importing goods like coffee and bananas. (Though I'd venture a bet that we would also start growing both if imports were cut off.) Recently jacquelope has posted a link to a new site that advocates doing this very thing: Stopping all manufactured imports.It can be found at the following link: jobsback.com/index.html
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