I'm Outside the Autistic Asylum!
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The crazy stuff I can't post anyplace else
Introduction to Wonko the Sane and Outside the Asylum, which this blog is named after.
Wednesday, October 5, 2011
Is Free Trade Good?
A response to a letter to the editor in the Oregonian today:
It has been 40 years since international trade was profitable for the United
States. Repeated trade deficits have been in the papers and on the news for
my entire life. America holds $16 Trillion in consumer and governmental
debt on a GDP of only $13.5 trillion. Suzanne Bonamici gets that- John
Wilkins does not. He repeats David Ricardo's Comparative Advantage theory-
that while America could make everything we need right here in the United
States, it's better to import cheaper goods from elsewhere. That
mathematical model may be sound- but it has not matched reality in 40 years,
and because of it we have a permanent 10% unemployment rate, invasive
species ruining our waterways and farmland, and greater debt. I would much
rather have a Tesla Motors factory here, and have Intel make my cell phone
from the atom chip up to the Meego operating system, than continue to live
with the problems of International Trade. Restrict trade down to just
intellectual property, and stop wasting energy to ship matter
internationally.
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