Jeff Faux Replies
Jeff Faux Replies
Jay mandle devotes most of his argument to setting up a straw man—the notion that those of us who have opposed Washington’s corporate-driven global economic policies are “protectionists,” ignorant of the textbook benefits of expanded trade, or else people with a monstrous agenda “to punish the underdeveloped world.” The first charge is simplistic, the second is absurd. To be sure, some opponents of the president’s bill to renew his fast-track authority were protectionists, just as some of its supporters were sweatshop operators. But the rejection of fast-track was not a rejection of the principle of comparative advantage. The bulk of those members of Congress who voted against the proposal understand that we buy and sell on...
Subscribe now to read the full article
Online OnlyFor just $19.95 a year, get access to new issues and decades' worth of archives on our site.
|
Print + OnlineFor $35 a year, get new issues delivered to your door and access to our full online archives.
|