Umbagog wrote: Free trade is a misnomer. The governments we do business with are benefitting mightily, while the people under their rule remain locked in squalid poverty for the most part.
They are poor, but they are not locked. For example, while Iran was never as rich as America, Iranians did a lot better under the Shah and his crony capitalism than they did under the super-ethical mullahs. The picture becomes even clearer if you look outside the Middle East. From Japan to Lebanon, from Hong Kong to Chile, third world countries have advanced to first world status throughout the 20th century. In every case, the advance has involved a huge deal of free markets and free trade. In many cases, such as Lebanon and Zimbabwe, things went terribly wrong when the countries were taken over by people who thought their choices were better than the choices made by their citizens in free markets.
Umbagog wrote:The richer we make these governments, the more oppressive they become.
If this is the case, US trade policy towards Cuba should have produced a free country there by now. Could you give me a quick progress report please? Are you happy with the results?
Umbagog wrote: The Indians and Chinese are working for peanuts, not emerging into middle classes.
If you don't mind my asking: When was the last time you checked this belief against some Indian and Chinese wage statistics? If you don't trust these statistics, did you ever go to your library and check out some of the
National Geographic articles that have been written about India and China over the last 30 years? Did you notice any change in people's clothes, houses, vehicles?
Umbagog wrote:It only makes sense. And the USSR is the perfect example. They STRIPPED their resources to try and win the Cold War, and look where it left them.
I second your observation, but the USSR doesn't strike me as an example of "anything goes" business and global capitalism. And I would have said that the USA, which is a much better example of it, has done much better on its environment than the USSR did on its.
Umbagog wrote:Saddam is another perfect example. Look at his lavish palaces, then look at the state of the people around them.
And after 12 years of trade sanctions, he was still living in those palaces, while his people had become desperately poor. Once again, it was not free trade, but intentional absence of it, that strengthened a government at the cost of its citizens.
Umbagog wrote:Hell, look at DC. Nice town, surrounded by ghettos. Same thing for the Vatican.
Yes. And the "poor" people living in those ghettos still make considerably more than the average citizen of the world. Capitalism and reasonably free trade works for them, and it's the lack of both that hasn't worked for most of the world.
Umbagog wrote:Profits can and must be made by ALL involved, not just the Owners.
They are. They're just called rents and wages if they are made by land owners and workers.
Umbagog wrote:Call it bull all you want. History has tons of examples of what happens when an elite minority calls the shots.
Sure. But history also shows that an economic policy of laissez faire makes it much harder, not easier, for elite minorities to call the shots. I am as hostile to the elite minorities of Bush and his cronies as anyone. (Ask Scrat!) But I would much rather live in Bush's America than in any of the virtuous countries that messed with people's choices because the government thought it knew better. In fact, I may well be going to leave Social Democratic Germany for Bush's America in the not too distant future.