I don't like Freetrade.

Discussion in 'Economics & Trade' started by The Rhetoric of Life, Mar 21, 2019.

  1. The Rhetoric of Life

    The Rhetoric of Life Banned

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    It isn't Fairtrade.

    It prevents protectionism.

    It's like a slave trade in a sense that, you have to do what Freetrade says, which means flooding and saturating and no protectionism or defense without violating Freetrade.
     
    Last edited: Mar 21, 2019
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  2. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Is it fair trade when there are persons in other countries working for $2 a day, while everyone in your country is required to be paid minimum wage?

    Is it fair trade when all the factories in your country are required to abide by stringent pollution regulations that cost lots of money?
     
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  3. stan1990

    stan1990 Active Member

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    Free Trade is a myth. A dream for some people, a nightmare for others. But you should elaborate on your thread why you don't like Free Trade.
     
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  4. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Free Trade would work a lot better if it was only between countries with similar standards of living relative to each other, but that's not where the majority of the trade is.

    Most international trade we see today is due to labor costs and regulations being a lot lower in one country than another.
    That's not really the sort of trade I think is a good thing.
     
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  5. gnoib

    gnoib Well-Known Member

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    What is fairtrade ?
     
  6. The Rhetoric of Life

    The Rhetoric of Life Banned

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    Paying local populations for the fruits of their labour.
    Rather than free trade which dumps on to markets and undercuts the local population.
     
    Last edited: Mar 23, 2019
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  7. gnoib

    gnoib Well-Known Member

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    But you know that this is a fantasy, don't you?
     
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  8. The Rhetoric of Life

    The Rhetoric of Life Banned

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    Other economic systems do exist outside of your EU centric, Free Trade taking for granted world view.
     
  9. The Rhetoric of Life

    The Rhetoric of Life Banned

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    Fair Trade involves Protectionism, which is possible @gnoib
     
  10. james M

    james M Banned

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    Free trade is when it is free or freely agreed upon by the 2 parties doing the trade. If one party has a comparative advantage that is natural and good. For example we don't want to grow our own bananas we want to buy them from someone who has a comparative advantage in growing them. Now do you understand?
     
  11. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    You mean like not having minimum wage laws, or having much less stringent pollution regulations that are sparsely enforced.
     
  12. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    If it's something like tropical fruit that only grows in a certain climate, which would be impractical and inherently costly to grow ourselves, I have no problem with trading for it.
     
  13. james M

    james M Banned

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    it doesn't matter what it is, you always buy from the guy or country with the comparative advantage unless you want to get poorer rather than richer. 1+1=2. Econ 101- ever think of it???
     
  14. james M

    james M Banned

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    yes, and??????????????? If china had our minimum wage they'd go bankrupt and starve to death. Ever think of Econ 101??
     
    Last edited: Mar 24, 2019
  15. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    That's not a fact and you can't prove it.

    Comparative advantage is only one factor. A big factor, but still only part of the picture.
     
    Last edited: Mar 24, 2019
  16. james M

    james M Banned

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    so you think we should buy from the person or country with the lowest quality and highest price???
     
  17. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Your comment about quality is laughable, since obviously the countries we have trade imbalances with are notorious for having low quality. At least with the current situation it is all about price.

    No, obviously I do not think we should automatically buy from the country with the highest price. But we shouldn't necessarily automatically buy from the country with lowest price either. That's only one factor to consider.

    You're only looking at this from a microeconomic perspective, not a macroeconomic one.
    The fact that it makes more sense for an individual person to make a decision does not necessarily automatically transfer over into all those individual decisions being better for everyone making those individual decisions together.
    Are you familiar with the concept of the fallacy of composition ? It basically says the whole behaves differently than sum of its parts.


    US trading away their ASSETS
     
    Last edited: Mar 25, 2019
  18. james M

    james M Banned

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    too bad we are not a Nazi country. In America we free to buy from whomever. 1+1=2
     
    Last edited: Apr 11, 2019
  19. james M

    james M Banned

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    why did the illiterate forget to tell us what other factors are??
     
  20. Kode

    Kode Well-Known Member

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    Go to your organic food store and check the coffees. Many are "Fair Trade" coffees.
     
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  21. Kode

    Kode Well-Known Member

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    First of all Kaz, there's never been any such thing as a "free market", and secondly, even Trump works against it. Rather than letting the "free market" do its job and put an end to coal, Trump is interfering with the "free market" to try to keep collapsing coal going. Of course he is doing it for the campaign contributions.
     
    Last edited: Apr 13, 2019
  22. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    And even with protectionism we are still free to buy from whomever, there is just a tax on it.

    Well, there is already a tax on everything we buy, so why does it matter if some things from a foreign country get taxed a little bit more than things from America?

    Do you think taxes on one thing are worse than taxes on another thing?
    Those taxes have to come from somewhere.
     
    Last edited: Apr 13, 2019
  23. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    You don't seem to be connecting 2 and 2, james M.


    Let's go over this in our heads, shall we?

    The US has minimum wage law to protect workers, so one worker can't work for less and take the job away from another worker who demands more.
    China can't have that same high level of minimum wage, I'll agree with you there.
    And you can't see any reason not to put up some type of trade barrier with China????
     
    Last edited: Apr 13, 2019
  24. james M

    james M Banned

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    no, Americas love the low prices from China. You want a barrier against low prices to impoverish Americans??
     
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  25. james M

    james M Banned

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    or communism but why do goofy people delight in pointing it out?? Does anyone know??
     
    Last edited: Apr 14, 2019

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