Free trade is not a good idea if you are going against foreign countries that are not capitalist. China, given enough time, can bankrupt (or at least force companies to relocate to China) every free market industry one at a time using their economies of scale. This applies mainly to manufacturing, which is where the real economic values come from.

If the United States should be doing something it is not free trade. Free trade just encourages profits at all costs. No nation wants to be the winner of profits at all costs, it is dehumanizing to say the least, on the verge of slavery at the worst. Free trade does benefit the globalist, ultra rich enormously though.

Free trade should be done within the states of the united states of America.

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Posted by I B Freeman

Member since Oct 2009

27843 posts

Posted on 2/24/17 at 10:40 am to zatetic

quote:
China, given enough time, can bankrupt (or at least force companies to relocate to China) every free market industry one at a time using their economies of scale. This applies mainly to manufacturing, which is where the real economic values come from.

I understand how you came to that conclusion but it is not valid.

A lot, a whole lot, of the manufacturing that has moved to China is because of US regulation. Government owned industries in China still exists but those could never bankrupt entire industries. They could bankrupt the Chinese government if the scale was large enough. Southeast Asia is taking a lot of business away from China now that labor cost in China are rising. There will always be lower cost producers in the world economy--it is just a fact as economies change.

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