Brad De Long wrote:
>
> BULLSHIT!!!
Jim should not have made such a direct accusation and you should be a bit
more moderate in your response.
>
>
> Michael Perelman said that he was opposed to AGOA because capital was
> internationally mobile--hence the beneficiaries from AGOA are not
> (African) labor but (American) capital.
>
> I pointed out that Roger Milliken--American textile capital--thinks
> that AGOA is not in his material interest, suggesting that (as I
> believe) the beneficiaries from AGOA will be (among others) African
> labor.
But if Roger will be hurt, it does not follow that African labor will be
helped. Other capitalists will be helped. Despite what you write, I
remain unconvinced that the workers in the Indonesian sweatshops are
beneficiaries of free trade. The profits flow in another direction. I
think that the results in Africa will be just as bad.
Even so, I am very grateful that you are steering the discussion in a
fruitful direction.
As a student of economic history, can you point me to one instance of a
country that developed through feee trade?
--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax 530-898-5901
