Monday, April 28, 2008

Free Trade

"Freer Trade Could Fill the World’s Rice Bowl," by Tyler Cowen in The NY Times

"America Needs to Make a New Case for Trade," by Lawrence Summers in The Financial Times


At 4/28/2008 10:52 AM, Anonymous Anonymous said...

Two very good pieces present a compelling case for the benefits of trade and globalization.

These arguments however, address the cognitive brain but not the emotional brain. By contrast, populism taps into very intense emotions of fear and anger bypassing logical forms of argumentation. The power of emotions on human decision making is evidenced by the fact that sound arguments for trade are losing ground.

Milton Friedman eloquently projected excitement, optimism, confidence, and enthusiasm for the innovation and diversity of humanity. I believe that these emotions/attitudes can counter the negativity and defeatism of populism.

Invariably people choose life and hope over negation. An example of this resilience is that children who survived the Nazi death camps went on to fall in love, marry and have children. We choose to be more rather than be limited by our negative experiences.

The future is fun & exciting and the present generation has more opportunity than any previous generation.

Can Americans compete...just try to stop them.

At 4/28/2008 11:12 AM, Blogger juandos said...

Well the problem with trade is needing to convince the, "economics challenged" to get a grip on reality...

Note the words of Robert Samuelson: The Wrong (Trade) War

Almost everyone wishes for a renaissance of American manufacturing, and none have said so more louder than the Democratic presidential candidates and Democratic members of Congress. The trouble is that their deeds don't match their words. They have blamed trade for almost anything that might ail the U.S. economy -- in particular, manufacturing -- when the opposite is now true: only through expanded trade can the economy thrive and manufacturing stage a comeback.


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