Re: Interesting Interview

Patricia writes:

What is your opinion on this article? I would have thought you agreed more
with the common wisdom than this viewpoint. I'd be very interested. Thanks
for the list.

Patricia Sterling


Patricia,

To my mind this merely shows those who wish to manage trade are still strong
and influential. Managed trade is oxymoronic...a few thousand bureaucrats
substituting their opinion for those of hundreds of millions of consumers is
inherently unstable. It is certainly fun to write a rule that destroys some
businesses and helps others thrive, and it is almost impossible for big
businesses who have the money to pay back the rules writers for favorable
legislation to avoid the game.

Since socialism and managed-trade are proven failures, those who wish to
manage trade simply call what they are doing "free-trade." It is not free
trade. NAFTA, the IMF, the WTO, euro unification are all about managing
trade and unifying tax rates to minimise the benefits of the free markets for
consumers, and to make life easier for crybaby millionaires who dont want
their lifestyle threatened by competition.

Fortunately, we small businesses are not without recourse when the rulemakers
cheat. The history of nthriving small businesses is they solved a problem
the heavy hitters didn't think needed to be solved.

John

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