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Originally posted by Not Bob
By this logic, free trade agreements are irrelevant. So why do we need them?
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So if factories are not shut down, free trade agreements are irrelevant? Are you kidding? Did you get hit over the head with a baseball bat this morning? It is only opportunistic populist politicians and the ignorant people who believe them that think free trade agreements are only about closing factorys.. So if no factory is shut down they are irrelevant. Ever heard of "comparative advantage"? Have you ever heard of leveraging the existence of comparative advantage so all citizens of two trading partners benefit? Free trade is about cheaper products and raising the standard of living of all the people that live in the free trade area. Just look at countries that turn their backs on free trade (like Burman and Cuba). There are no winner and losers. Just losers.
Quote:
Originally posted by Not Bob
There's also no law requiring the use of lead paint on Thomas the Tank Engine toys. And yet it happens.
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Exactly. Free trade agreement don't address the ability of companies to close or open factories and yet with or with out these agreements they open and close them in different countries all the time. The biggest factor in whether a factory opens or clkoses in a certain area is how the local government treats them.
