Courtesy of Mish.
Reader Cathy, a member of the US Military Intelligence Brigade pinged me about free trade.
Cathy writes ….
Hello, Mish:
I love your blog – thank you, for all your efforts.
You speak about free trade, but what I have noticed throughout history is that free trade only exists immediately after everything has been destroyed in war. Then the carpetbaggers move in cheating, stealing, trying to get something for nothing. Subsequently, the same “business cycle” with all its attributes returns. People who can take advantage of the system do just that until it climaxes to war once again.
Thank you – have a great day!
Cathy
China Doesn’t Play Fair!
My inbox and comment box is filled with reader comments and emails telling me “China doesn’t play fair”.
As part of that allegation, many point out Chinese pollution. I’ve written about that many times myself. Yes, it’s disgusting.
Let’s assume for a second that China is the one and only nation that plays unfair, or if you prefer plays the “most unfair.” Let’s also assume China subsidizes its manufacturers.
Who Benefits, Who Loses?
The logical conclusion of such an arrangement is the Chinese government is robing its people for the express benefit of citizens of the United States.
There is no other logical conclusion. To subsidize exports, every person in China has to pay a cost, via taxation, pollution or both.
