Posts tagged tariffs
When free trade is managed trade, The Trans-Pacific/Atlantic Partnership
Right now, secret negotiations which will profoundly affect what the 21st century global economy will look like are happening. You are not invited to weigh in. The power players of the world are busy negotiating the game for their benefit, and they are calling it “free trade.” It is not.
Free trade means goods and services can flow across borders without tariffs and protections. The market determines what is valuable and the price to be paid. To large extent however (given what we know) these agreements seek to perpetuate sweetheart deals for industry which is feeling more and more pressure from a rapidly developing southern world. A global free market is not the goal.
For instance it doesn’t make much sense to grow cotton and sugar in the United States when it can be done in other parts of the world at much lower cost. Yet you can bet however, that both the sugar and cotton interests are lobbying heavily in these negotiations, making sure that their positions remain intact, and maybe even expanded. This of course means higher prices for the average consumer.
Hollywood is also at the table (trough?,) seeking to expand the highly restrictive copyright laws we have in the States.
Who knows who else is setting the parameters of the next phase of the world economy? One thing is for sure however, it’s not you or me.
About Nick Sorrentino
Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.
Writes Philip Klein at The Washington Examiner:
Nobody expects the Republican presidential nominee to be a libertarian purist, but it helps if he or she at least has a libertarian streak. In Rick Santorum’s case, he’s actively hostile toward libertarianism…
(Santorum’s) been coming under fire for his many votes to expand government. He took earmarks, voted for the Medicare prescription drug plan and backed No Child Left Behind. He pushed dairy subsidies, steel tariffs and sided with unions over workers.
As Cato’s Gene Healy noted in his Washington Examiner column on the topic this week, Santorum explicitly declared, “I am not a libertarian, and I fight very strongly against libertarian influence within the Republican Party and the conservative movement.”
This is a stark departure from Ronald Reagan, who had this to say to the libertarian Reason magazine in a 1975 interview:
If you analyze it I believe the very heart and soul of conservatism is libertarianism… The basis of conservatism is a desire for less government interference or less centralized authority or more individual freedom and this is a pretty general description also of what libertarianism is.
Ever since that time, Republicans have gotten into trouble when they have veered too far from libertarianism. If Santorum had a modicum of respect for libertarian philosophy, he would have been reluctant to embrace big government Republicanism during the Bush era. Instead, he cast votes that will make it harder for him to consolidate conservative support in the weeks and months ahead as his record undergoes more scrutiny…
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