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Tuesday, July 01, 2008

Most Americans Think Free Trade Is Bad

Of course, just because the whimsical opinion of the masses right now is that free trade is bad for our economy doesn’t mean it’s true.

According to the CNN/Opinion Research Corporation poll, 51 percent of the Americans questioned view foreign trade as a threat to the economy — the first time in a CNN poll that a majority of respondents report holding negative views on free trade.

That compares to only 35 percent of those asked who felt that free trade posed a threat to the economy in 2000, and 48 percent who felt it was a threat in 2006.

Now only four in 10 the Americans questioned say free trade presents an opportunity for economic growth, a sentiment that clearly makes the issue a challenge for McCain, especially in the crucial Rust Belt states most affected by the loss of manufacturing jobs over the last decade.

If anything, this is evidence of how effective protectionist interests (unions, Buchananites, Ron Paul supporters paranoid about North American Unions, etc.) have been in their rhetoric against free trade.  And scandals about bad produce from Mexico, and toys with lead paint from China, haven’t helped.  But really, free trade has positive ramifications for America both economic and diplomatic.

On the economic side of things, forget about short-sighted and naive rhetoric about jobs being “shipped overseas” and think about what trade with other countries does for you during a trip to the store.  Let’s say you’re looking for a lawnmower.  In a protectionist America you’d go to the store and find only American-made mowers.  But what if none of those mowers met your specifications for price and quality?  Well, you’d be stuck having to pick one anyway because you have to mow your lawn, right?

In a free-trade world your choices are greatly expanded.  Instead of just shopping for American-made mowers, you can shop for mowers made all over the world, and thus you have a much greater chance of finding one that best suits your needs and price range.

This impact of choice would be especially apparent in the consumer electronics industry.  Can you imagine how much your average television would cost you if you could only choose from televisions made in America?  It would cost you much, much more and thus you’d have less money left over for other things.  Like maybe taking your wife out to a nice dinner, or going to a movie.

Put simply, free trade increases our quality of life by bringing cheaper, foreign-made goods to our markets.  Those cheaper goods allow us to get what we want with more money left over.  It literally makes our dollars go further, and without it we’d be a lot worse off.

Diplomatically speaking, trading with a nation is perhaps one of the best assurances we have that we’ll never go to war with that nation.  A good deal of articles have been written about China’s fearsome, and growing-stronger, military.  And while that is cause for concern, one bit of solace we can take in Chinese-American relations is that China’s economy is almost totally dependent on ours.  Without America China goes bankrupt.  If China were to attack America the American market would suddenly be shut off to Chinese goods.  And then where would those goods be sold?  Does anyone think that France or Great Britain or Russia would suddenly increase their consumption of DVD players and laptop computers to keep China’s industries afloat?

Even if they wanted to it wouldn’t be possible.  Which is why China isn’t ever going to attack America as long as we’re their trading partner.  And the same goes with pretty much every other country in the world that America trades with.

Put simply: Free trade is the path not just to economic success, but also world peace.  Or, at least, a more peaceful world than we have now.

Comments

Avatar for JPGR

Ignorance is still bliss.

JPGR on July 1, 2008 at 01:21 pm

The word communists is enough of a reason not to trade with China. This country should not be supporting communism in any way shape or form let alone helping to build up China’s military. China is still saying that war with the U.S. is inevitable.

ews48 on July 1, 2008 at 04:17 pm

If our homegrown lefties weren’t trying so hard all the time to ruin American business, we would be kicking ass in trade with the rest of the world(economically speaking, of course).


Leftie political philosophy, from a DU commenter:

It doesn’t matter if it’s true or not. RUMOR IS TRUTH. The modern laws of media hype and political warfare have a useful tenet: Repeat ANYTHING or raise false concern over ANYTHING and it is likely to be planted in the conscious/subconscious of many voters.

robert108 on July 1, 2008 at 04:34 pm

There is a saying: Keep your friends close and your enemies closer. Trading with all countries, no matter what the ideology, is essential to our economic well being.
If American manufacturers weren’t so conceited (such as in the fields of automobiles and electronics) we would be kicking ass. However, we constantly see American manufacturers lagging behind Europe and Japan in bring innovative products to the market. It’s as though they will not introduce a product unless they are sure it will be profitable. Then when we finally join in the game, the products are woefully inferior or so expensive most of us cannot afford them. But I guess you blame that on leftist
tax policies, right?

watashiwa on July 1, 2008 at 07:00 pm

However, we constantly see American manufacturers lagging behind Europe and Japan in
bring innovative products to the market.

Your mistake is to blame it on businessmen who want to sell more product, which makes no sense.  Instead, you might want to educate yourself on restrictive union work rules, salary demands and “perks”.  At the same time, check out the destructive effects of restrictive govt regulation and greedy tax policies.


Leftie political philosophy, from a DU commenter:

It doesn’t matter if it’s true or not. RUMOR IS TRUTH. The modern laws of media hype and political warfare have a useful tenet: Repeat ANYTHING or raise false concern over ANYTHING and it is likely to be planted in the conscious/subconscious of many voters.

robert108 on July 1, 2008 at 07:40 pm

Why is it the same bunch, who wants to break bread with people who have promised to ensure our demise, doesn’t want to engage in trading goods with others in the “world community?”

Kevin on July 1, 2008 at 08:19 pm
Avatar for Robert Hogan

I have a problem accepting Free Trade. Now, “Fare” Trade I can accept.

Robert Hogan on July 2, 2008 at 01:18 am
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