Quote:
Originally posted by Spanky
A subset of people suffer temporarily, but it is miniscule compared to the benefits. Its like when the lightbulb was invented, a subset of people, the candlemakers were negative effected. But in the end the overall benefit to almost everyone was beneficial.
|
Without getting into the costs-v-benefits argument on this, let me ask you -- is "free trade with China" an oxymoron?
I am in general a big believer in free trade (and I think the G7 should eliminate farm subsidies to practice what they preach). But many, though certainly not all, commentators seem to believe that China has artificially suppressed its currency, and this makes the "free" trade a very murky proposition.
Related question -- if you believe that China does artificially suppress its currency, then does the fact that this keeps prices of goods imported from China low make it an acceptable practice -- or even a practice that benefits the US?
These are real, not rhetorical, questions.
And no, I haven't read the thread, I've had things going on, and if I should have STP'd I didn't.
Threaded Mode