Who in the hell is reading The Journal and buying this protectionist crap? The comments are filled with the stupid, the racist, union members, etc. I understand if you have personally lost your job and didn't figure out how to improve your situation yet you might hold a grudge, but that does not give you the right to STEAL from the whole of society just to make you feel better.
Winners AND losers, yes, there will be losers in every competition. The world is a competition, nobody is going to hold your hand and put food on your plate. (North Korea, the last of the great communist states cannot feed their own citizens.) Is this what people want for their American brothers and sisters?
Okay, enough drama, nobody will take these people seriously, but sometimes they wind up in Congress and they become loaded weapons.
Look, even Alan Blinder is a "free trader down to my toes" and he has simply made a bleeding heart appeal that we should make huge gifts to the people who can't shift with the changing world. Is it okay to feel sorry for someone who loses their job? Yes. Is it a good idea to encourage them to shift their career path, shift their ass to a productive city, shift their attitude towards their own country? Hell Yes!
Dr. Blinder's own student, N. Greg Mankiw was ashamed of the statements made by his evil teacher. Greg seems to feel that Dr. Blinder is resisting new technology. That certainly is not a new problem and whole communities of people, even here in the United States, feel the same way. However, they do not recruit or use rent seeking tactics to restrict the liberty of the World.
Please people, WAKE UP! If you are unhappy, get some professional help, but don't come begging me for a hand out or a hand up, all I have to offer is employment, but... don't faint... you have to WORK for it.
From the WSJ:
| What's the net effect of free trade on U.S. employment? | ||||||||||||||||||||
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| Total Votes : 1981 | ||||||||||||||||||||
From the comments:
Roger Theriualt: Not a single person has been hired because of free trade. And if free trade were not here, we would still be doing well. Operations would be a little different, but that is all. ... Free trade, when raised to the extremes of idealism is toxic to all concerned. Moderation is the answer, some things can go too far.
romesh: remember, US can print US$ in unlimited quantities at no cost and it does so; just look at payments for Iraq war.
Are jobs of WSJ Editors offshoreable to Bangalore (India)?; after all, their work can be done by a person sitting anywhere with an access to a laptop and tele-communications. If so, would the Editors call it Free Trade?
Stephen Carroll: If country A takes 5 hours to produce a product with a labor cost of 20 dollars per hour the cost is 100 dollars. If country B takes 10 hours to produce a product with a labor cost of 5 dollars per hour the cost is 50 dollars. Country B puts country A out of business at the cost of increased man hours worked. The result is a reduction in the world’s productivity.
Dr. jur. Heinz L, Gundlach (Dr? seriously? He works at an M&A firm): we have to stop this crazy free import thinking. Tax foreign firms on their sales in the US (10% of sales) and exit the WTO and again rely on bilateral trade negotiations requiring balanced accounts with each country. Our employment situation must have formost importance. Dr. jur. Heinz L, Gundlach, Palm Beach, Fl..
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