Chris, The New Internationalist is, of course, noted for its left wing anti-market stance.
I used to subscribe but got tired of its bias. Yet, it's a nice looking publication. It's right when it says "export-led trade has come to dominate the economic agenda". These are the economics of modern nation states - apparently the economics you support). They adopt the creed of "Export or Die" rather than the free trade position which is import and live. I'll try again, but you don't seem to understand the obvious. A free trader wants to abolish trade restrictions in his country. If no other country wants to free its trade, that doesn't matter. The free trader will unilaterally free his country's trade and by doing so will remove the corporate privileges that go with Protectionism. Protectionism has one raison d'etre - to protect corporate privileges, a policy that I suppose you support (you have already admitted you agree with Big Steel shafting the American people). Harry ******************************************** Henry George School of Social Science of Los Angeles Box 655 Tujunga CA 91042 Tel: 818 352-4141 -- Fax: 818 353-2242 http://haledward.home.comcast.net ******************************************** -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Christoph Reuss Sent: Friday, November 21, 2003 12:52 PM To: [EMAIL PROTECTED] Subject: [Futurework] David Ricardo, Caveman Trade vs. Modern Trade Excerpt from the New Internationalist's "No-Nonsense Guide to Globalization": (NI Publications Ltd, UK 2002, pp. 14-15) <<When people talk about globalization today they're still talking mostly about economics, about expanding international trade in goods and services based on the concept of comparative advantage. This theory [of free trade] was first developed in 1817 by the British economist David Ricardo in his "Principles of Political economy and Taxation" . Ricardo wrote that nations should specialize in producing goods in which they have a natural advantage and thereby find their market niche. He believed this would benefit both buyer and seller but only if certain conditions were maintained, such as (1) that trade between partners must be balanced so that one country doesn't become indebted and dependent on another and (2) that investment capital must be anchored locally and not allowed to flow from a high wage country to a low-wage country. Unfortunately in today's high tech world of instant communications neither of these conditions exist, with the result that Ricardo's vision of local self-reliance mixed with exports and imports is nowhere to be seen. Instead export-led trade has come to dominate the economic agenda with the only route to growth based on increasing exports to the rest of the world.>> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~ SpamWall: Mail to this addy is deleted unread unless it contains the keyword "igve". --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.541 / Virus Database: 335 - Release Date: 11/14/2003 _______________________________________________ Futurework mailing list [EMAIL PROTECTED] http://scribe.uwaterloo.ca/mailman/listinfo/futurework
