Trendy as hell to identify oneself as a supporter of Free Trade. (FT) Also trendy to disparage anyone who does not support it as some kind of extreme left authoritarian anti-free market throwback.
Had a few exchanges with pain in the arse Libertarians on Twitter recently, and unsurprisingly, especially when it come to those who hang on every word of the pretentious sneering condescending Not PC, its they who have demonstrated their left wing attachment.
They do this mainly by means of slogans and name calling in lieu of rational and numerically based argument and analysis. A strategy typical of shallow thinking bubble living inner city progressives. A strategy getting older and more tired everyday.
See what I mean?
Now to the real argument. Of course FT is desirable. Of course FT would benefit the globe. As long as it was real FT and not the grossly malformed ideology that today parades itself as FT. TPP for example is an agreement that needs over 5000 regulations, mainly to ensure “fairness” among socialist countries participating. How can such a highly regulated arrangement possibly meet any reasonable definition of Free Trade??
In other words, you can be part of our little make believe FT group, but you better damn well not do one thing to upset the equilibrium of socialist waste, debt, welfare spending and politically based economic regulation, the atrociously false economy that almost every government involved has created.
This farce has been covered on TrueblueNZ before, but the views expressed there need to be updated due to Donald Trump’s actions, and the widespread criticism from those who posture as FT advocates. Most of them are wrong and here is why-
The earlier post says why FT as it is promoted today is a farcical con on mainstream voters. This update is an argument in opposition to those who criticise Trump for his stand against Mexico. Basically the disagreement is on tariffs. Trump is presently threatening to impose a 5-20% tariff on Mexico as leverage to make it come to the table on meeting the costs of the border wall.
It should be said that Trump is only threatening to do this, as part of his negotiating strategy with Mexico. He may or may not carry out his threat, but lets proceed on the basis that he does.
Firstly, anyone supporting the present status of trade between Mexico and the US is no free marketer. Both countries are deeply socialist (in the US case, in complete contravention of the US Constitution) and manipulate and control their countries’ economies to the maximum extent. Trade takes place, but only under conditions that will not disrupt the socialist status quo of each country.
However, even under such constraints, Mexico has run up a trade deficit with the US of $US60-90 billion. This is a massive imbalance in Mexico’s favour. Trump’s threat to impose tariffs cannot make things worse for the US, only for Mexico. Trump has no allegiance or responsibility for the economic condition in Mexico, his sole responsibility is to the US. (Hence “America First”). Mexico’s economic well being is the responsibility of Mexicans, not Americans.
Under such mangled and regulated conditions of trade, the imposition of tariffs upon Mexican exports does not effect market conditions or the US economy as it would IF THERE WAS REAL FREE TRADE. The overall outcome of these tariffs could well be beneficial to the US economy, as much as that is possible when it is so restricted. Its merely a matter of adjusting the artificial levers on the artificial economy. As is done every day anyway. Tarriffs on Mexico could easily improve the overall economic position of US citizens, living as they do in their socialist dreamland.
Here is the bottom line.
Until govts get right out of the economy, stop their Keynesian interference, stop bailouts, stop printing money, stop borrowing, stop spending, stop controlling interest and exchange rates, FREE TRADE IS WORSE THAN A MYTH, ITS A DAMN JOKE.
Let’s stop being led by the nose by socialist PMs and Presidents who are taking us on a stupid socialist unicorn hunting expedition. THEY”RE CONNING YOU FOR GODS SAKE!!!
If you want FT, then work to end socialism, socialist govts and Keynesian intervention. Only after this objective has been achieved can we follow through and accomplish true Free Trade.
As for the wall, whatever has to be done to vet immigrants has to be done. Even if it does cost the estimated $16 billion, this is nothing compared to the cost of allowing un-vetted people to pass over US borders. (Some studies estimate this cost at over $110 billion) It could easily be much much greater due to cultural degradation from increased crime and attacks on American sovereignty from hostile forces. This post is already too long, so go here for an excellent summary of the border wall situation.
Here’s another good read on how illegal immigration distorts and perverts America’s election system.