Making the Case for Trade

There is no doubt that the Wall Street Journal is desperate to go back to the utopian thought of “free trade” agreements. Let’s face it, the damage is done, people are up in arms about it, and there is no going back. They posted an article about how Reagan’s protectionism is destructionism and how that…

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China Tells Foreign Firms: Brace for Bigger Competitors

Scouring China’s annual gathering of leaders for clues about business prospects, foreign companies got a clear message: Brace for bigger, stronger local competitors. [Bloomberg| March 15, 2016 |Industry Week] Reform of the nation’s $18 trillion state sector will focus on making companies “bigger and better” with mergers and acquisitions pivotal, said the State-Owned Assets Supervision…

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The New Truth About Free Trade

I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains. [Robert Reich| March 14, 2016 |Robert Reich] The old-style trade agreements of the 1960s and 1970s increased worldwide demand for products made by American workers,…

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