“America Needs to Negotiate Better Trade Deals.” by Gary North

Any so-called free trade deal becomes the government negotiating for special favors for politically connected companies and industries, at the expense of everyone else. From Gary North at lewrockwell.com:

A common cliché of protectionism is this one: the United States government needs to negotiate better deals for American companies.

It is time to call a spade a spade. This is fascism. Fascism is the economics of a government-business alliance. There should be no government-business alliance. The government should not be involved in business. Whenever government gets involved in business, it is always done to favor certain businesses at the expense of all the rest of them. It always involves a repression of decision-making on the part of individual buyers and sellers. There are no exceptions. There are always going to be a few winners and a lot of losers. But we do not see the losers. This is what Frederic Bastiat in 1850 called “the fallacy of the things not seen.”

If I say this to the standard conservative, he nods his head in agreement. He is convinced that the government is up to no good when it intervenes into the free market. Then, a few minutes later, he tells me that the government should actively negotiate better trade deals for American businesses. In other words, his default setting on trade is fascism. He does not understand this. He does not understand economic logic, and he does not understand the meaning of the so-called business-government alliance.

To continue reading: “America Needs to Negotiate Better Trade Deals.”

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s